With farmlands being grabbed, Africa too awaits march of the millions
- Ground Reality
- 04 February 2011
I don't know why the Africa leaders are so blind that they can't see the threat farmland grabs pose for their national sovereignty.
I don't know why the Africa leaders are so blind that they can't see the threat farmland grabs pose for their national sovereignty.
Asian and Middle East buyers want to buy agriculture companies in Ukraine to secure supply of grains and oilseeds, Vienna-based Raiffeisen Investment AG said.
Countries in north Africa and the Middle East are urgently seeking ways to soften the blow of surging food prices for their citizens, alarmed by protests against authoritarian rulers from Algeria to Yemen.
Mali’s president and Libyan leader Moammar Gaddafi have begun a major agricultural project that will divert much of the river’s water and threaten the delta’s future.
The New Zealand Superannuation Fund's purchase of a New Zealand farm is just the first of a $500 million plan which will see it invest in local and international rural land.
Ethiopia has offered 1.8 million hectares of its farmland to Indian investors that equals nearly 40 percent of the total area of the principal grain-growing state of Punjab.
A handful of North African countries, along with Iraq and Sudan, could feed the Gulf.
Brazil seeks to downplay fears that it was seeking to block foreign investment in its farmland, saying instead it was looking to ease restrictions for farmers rather than speculators.
There are massive areas of agricultural lands and huge water resources in some countries that suffer financial constraints, while there are some rich Arab states that have the money but not the land or the water.
MOU signed with Perigon Advisory to launch a RM3 billion agribusiness fund to promote food security in the OIC and generate returns for its investors.
"The more state regulates and bans things, the more difficult it is to do business"
As a relatively new and untapped asset class, farmland remains mysterious to some insitutional investors. Greg Bright spoke to Charmion McBride, chief operating officer, global farmland, at Insight Investment in the UK.