What's eating Australia? Foreign buyers at the farm gate
- Reuters
- 28 October 2012
Australia risks losing an opportunity to become a farmyard for Asia, as growing unease over foreigners buying rural land threatens to provoke protectionist policies.
Australia risks losing an opportunity to become a farmyard for Asia, as growing unease over foreigners buying rural land threatens to provoke protectionist policies.
Indian companies which invested in controversial deals involving hundreds of thousands of acres of land in Ethiopia have found themselves out of their depth in a fast-growing African economy.
"It seems incongruous that Herakles Farms claims it is trying to improve the lives of local people but then there is scarcely any consultation with those same people over what is to be done with the land they depend on for their livelihoods, nor any serious acknowledgment of the risks posed to local environments and the global climate," writes Kumi Naidoo
Current rush of foreign investment into Burma’s agricultural and natural resource sectors, combined with what the report calls an “almost universal tenure insecurity in both rural and urban areas,” will increase landlessness
A growing worldwide land rush is having a negative impact on the local and indigenous people says José Graziano da Silva, director-general of the FAO to conference at Cornell University.
Green Scenery challenges all political parties to take a position on large scale land acquisitions of foreign direct investors in agriculture for the 2012 election.
An organisation called Congo Agriculture, affiliated to South African farmers union Agri SA, had been established to facilitate and drive the process of setting up South African farmers in the Congo.
ROPPA, Actionaid, Oxfam and EAFF have urged Nigerian and other African leaders to guarantee transparency in the management of large-scale land transactions and freeze acquisitions which do not conform to rules, regulations and the framework of the land declaration of the African Heads of States and Government of 2009.
On October 9th 2012, the Finnish solidary network Kepa held a discussion on the effects of large-scale land investments or "land grabs" in the Global South.
Australia will set up a foreign-ownership register for farm lands, Prime Minister Julia Gillard said on Tuesday, as the government moves to ease public concern over foreign buyers in the agriculture sector.
Abu Dhabi's Al Dahra Agricultural Company is to develop 9,000 hectares of farmland in Serbia as it seeks to bolster food security in the UAE.
The new Australian head of Singapore-listed agribusiness Olam International wants to build more partnerships with institutional investors to open up investment in the agricultural sector.