Africa land grab: New century, more colonisers
- Newsclick
- 12 September 2011
Indian companies acquire land in Africa at throw away prices to ensure India's food security. Prof Jayati Ghosh analyses the issue and offers alternative solutions.
Indian companies acquire land in Africa at throw away prices to ensure India's food security. Prof Jayati Ghosh analyses the issue and offers alternative solutions.
Shadow minister for agriculture and food security, John Cobb, said it was concerning that in the past three years there had been a 10-fold increase in foreign investment in ownership and control of agricultural supply lines.
The National Farmers Federation says the figures that show Australian farm land to be about 90 per cent locally owned is a small part of the picture. It's just one of three studies, with the others looking into the value of farm production.
New figures by the Australian Bureau of Statistics show more than 12 per cent of land used for agriculture in South Australia is owned by foreign interests.
Aquila Capital Green Assets has helped European investors acquire $111 million of New Zealand farmland.
According to figures released today by the Australian Bureau of Statistics, as at 31 December 2010, 89% of the nation's agricultural land was Australian owned.
Indian companies are looking at agricultural outsourcing by opting for cheaper options in neighbouring countries so as to produce things at less cost, making this sector lucrative to the PE firms
Tanzania's Coast Region residents have been advised to accept and work with investors in agriculture.
Feronia Inc. got into the palm oil business in September 2009 through the purchase of a 100,000 hectare plantation in the Democratic Republic of Congo from Unilever.
Speaking at the annual African Cup of Investment Management, Alex Pestana said China had invested in arable land in Kenya, Tanzania, Uganda and Mozambique.
AN extraordinary new process has been at work in the past few years: the aggressive entry of Indian corporations into the markets for agricultural land in Africa, writes Jayati Gosh
As large-scale land purchases for food production become commonplace, the FAO is finalising a set of guidelines to help improve land-tenure governance and encourage transparency in deals.