U.S agribusiness conglomerate Cargill plans to invest up to US$390 million in a 50,000-hectare oil palm plantation in Cameroon, an official at the Central African nation's investment agency said on state radio.
India's Mahakaushal Sugar and Power Industries has acquired 12,000 ha, and more efforts are being made to acquire an additional 15,000 ha, along Lower Rufiji River basin in Utunge Ward, Tanzania.
The extension of the interdiction to sell agricultural land to foreigners after 2014 is a request that cannot be granted, says the Minister of European Affairs, Leonard Orban.
The Kilusang Magbubukid ng Pilipinas and the Asian Peasant Coalition lambasted Nakeen Corporation, a company that operates a palm oil plantation in Misamis Oriental, for spreading lies and deception during their press conference held on May 17, 2012.
The science and environment author discusses a growing global threat
Jeffrey Notaro, a trader who worked on Wall Street for 18 years, set up investment fund Black Sea Agriculture seven years ago, mainly for investments in farmland in northern Bulgaria and south Romania.
The U.S. should reassess its support for the government of Ethiopia, amid concern that more than half a million people are being evicted to make land available for foreign investment in agriculture, advocacy groups say.
Given the need for investment in African agriculture, there is no reason that foreign farmland investment on the continent cannot be structured as a win-win for both private investors and the host country populations.
Obama announces G8's New Alliance for Food Security and Nutrition and reiterates support for the "process and pilot use of the Principles of Responsible Agricultural Investment"
New paper on the gender dimensions of land grabbing in Africa
The Financial Times reported this week that TIAA-CREF is developing a new “investment vehicle” that will bet the retirement funds of millions of American on the rising price of farmland around the world.
Four African leaders attending the rich nations’ meeting that opens in Washington today have been cautioned to be wary of the G8’s New Alliance to Increase Food and Nutrition Security, noting that it poses a serious threat to small-scale farmers in Africa.
