Chinese miner's land buyout passed national interest test, says Bill Shorten
- The Australian
- 29 June 2011
The buy-up of prime agricultural land by Shenhua has sparked a furious political debate in Australia
The buy-up of prime agricultural land by Shenhua has sparked a furious political debate in Australia
Pension funds may be one of the few classes of land grabbers that people can pull the plug on, by sheer virtue of the fact that it is their money.
Full force delegation headed by the EPA Executive Chairperson, Madam Haddijatou Jallow, visited the Addax operational areas and got first hand information from the community people.
The US Overseas Private Investment Corporation pours $150 million into fund targeting farmland acquisitions in Malawi, Mozambique, South Africa, Tanzania, Uganda, and Zambia
Sable Transport Limited of Zambia and Bonafarm Group of Hungary were the only two companies that submitted their bids for the acquisition of the core venture of 9,350 hectares and three other commercial farms.
Mr. Graziano, newly elected director general of the FAO, said the land-grab pace was not significant, but that the situation needs to be monitored because “every serpent starts off small.”
"In a world where war is provoked by food scarcity, farmers are the peacekeepers. No surprise, then, so many regimes want more of them," writes a journalist visiting the South African farmers taking up farming in Georgia.
“About 10,000 hectares of land will be leased to foreign investors... We will open the offer by the end of next month, and then consider the demand, but it should be soon because the agricultural season starts in September,” Agriculture Minister Mokhtar Jalouli said.
There is nothing new about foreign investment in Australian agribusiness. But a number of things are happening now which have not occurred before, writes Mike Pope.
UAE-based food company IFFCO Group will be investing in palm oil plantations and cattle processing facility in Ethiopia — a country that could be one answer to UAE's food security issues, said a senior company official.
Thomas Mirow, president of the European Bank for Reconstruction and Development, advises the Ukraine, on behalf of foreign investors, to drop its moratorium on the sale of farmland to foreigners.
Today as the first ever G-20 agriculture meeting starts in Paris, the Bureau is launching a series of investigations into the role played by financial investors in commodity and food markets, focusing on the rising involvement of private equity in buying land around the world and its new food frontier, fish farming.