Mozambique farmland is prize in land grab fever
- NPR
- 14 June 2012
NPR takes a closer look at the reality behind the rhetoric, and went to Mozambique, a hot spot in the global rush for land.
NPR takes a closer look at the reality behind the rhetoric, and went to Mozambique, a hot spot in the global rush for land.
An Egyptian model farm is to be created in Ethiopia on an area of some 500 feddans [210 ha] with the potential for expansion in the regional state of Afar some 600 kilometres north of Addis Ababa.
Adecoagro, the agricultural company that counts George Soros as its biggest investor, is giving potential buyers the chance to get a hold of farms in Brazil and Argentina at a 36 percent discount to its net assets.
Under a new proposal from the Agricultural Committee of Brazil's Congress, any company established in Brazil, even if controlled by foreigners, would be considered Brazilian and not subject to restrictions on farmland ownership.
The company has approached the African Development Bank, the African Export-Import Bank and the Eastern and Southern African Trade and Development Bank to raise another $100 million for a sugarcane estate.
Large-scale soy monoculture is expanding rapidly in Latin America. Boosted by dubious investment from multi-national corporations, it has moved well beyond the southern states and into the Amazon area.
Foreign ownership of farm land is a sensitive issue in Australia and "across the ditch" in New Zealand.
Islamic Development Bank and Rabobank team up to launch fund that intends to invest 5-10% of its funds in global farmland.
Special issue of Water Alternatives
Our conception of land-grabs and global discussions on the phenomenon are informed too much by contentious, large-scale land deals in Africa and too little by examples from other regions. This has led to many unfounded assumptions about the nature of land-grab.
GRAIN looks behind the current scramble for land in Africa to reveal a global struggle for what is increasingly seen as a commodity more precious than gold or oil - water.
As Europe's debt crisis rattles global equity market confidence farming is being increasingly championed by many as a sound, long-term bet for investors needing a safe haven for their money - particularly superannuation funds.