The countries say that they now believe their farmers are not yet ready to compete on a free land market with foreign investors
The EBRD makes a US$45 million equity investment in KazExportAstyk, which controls 1m hectares of agricultural land in Kazakhstan – an area about the size of Denmark.
Water grabbing refers to situations where powerful actors take control of valuable water resources for their own benefit, depriving local communities whose livelihoods often depend on these resources and ecosystems.
At least 100 farmers led by members of the Asian Peasant Coalition joined a protest in the Philippines against global land grabbing, calling on governments in Asia to stop devoting their lands to the food security of other nations
At least 100 farmers joined a protest in front of the Department of Agriculture in Quezon City led by the members of the Asian Peasant Coalition (APC) in the Philippines such as the Kilusang Magbubukid ng Pilipinas (KMP), AMIHAN (National Federation of Peasant Women), UMA (Union of Agricultural Workers), and the PAMALAKAYA (National Federation of Small Fisherfolks of the Philippines). Also present is the Anakpawis partylist and the National Network of Agrarian Reform Advocates (NNARA)-Youth.
The UAE should instead be looking to diversify and better monitor its agricultural investments abroad, says Dr Raed Safadi, the deputy director of trade and agriculture at the OECD.
African continent is the new destination for Indian agriculture companies, as more than 80 of them have invested over Rs 10,800 crore in commercial farming activities in under-developed countries of the region.
Largest cut flower exporter Karuturi Global ventures into food business
If large-scale land purchases and leases are agreed upon and implemented with due regard to six basic principles, they can play an important role in the development of rural areas, says the German government agency BMZ
Almost half of Australian executives surveyed by an international law firm favor higher trade barriers to protect the nation’s food supply and see foreign investment in agriculture and farmland as a threat.
The UN has proposed that countries set limits on the size of agriculture land sales to regulate the growing trend of so-called farmland grabs.
Proposed legislation will most likely include banning foreign state-owned companies, sovereign wealth funds and non-governmental organisations from purchasing farmland, while private projects would be approved on a case-by-case basis.
