By providing powerful agricultural equipment and technical assistance, the brand is participating in Saudi Firm Al-Rajhi International's US$400 Million project to grow corn and wheat in Africa's arid lands
Many governments in the region have been trying to address the food security concern by investing in farmlands overseas such as Sudan and Malaysia. John W Power, president, LSC International, feels this is unlikely to solve the problem in the long term, especially if the indigenous population is short of food.
Kuwait China Investment Co (KCIC), a firm linked to the Gulf Arab state's sovereign wealth fund, is eyeing investments in Asia's agriculture sector, the company's managing director said on Wednesday.
"The government has verified and delineated 1.6 million hectares of virgin land suitable for large-scale commercial farming in different parts of the country," Esayas Kebede, Director of the recently formed Agricultural Investment Support told Reuters.
Full text of the agreement for a rubber and oil palm concession between Liberia and Malaysia's Sime Darby, covering 311,187 ha.
- Government of Liberia
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29 July 2009
These investments in some of the most productive agricultural land threaten to further undermine food security and sustainable rural economic development in the developing world.
- Food and Water Watch
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29 July 2009
The land grab is a soft option that entails grave long-term consequences for the countries that sell their land, as commercial exploitation will leave its disastrous trails adding to global warming, leaving them to pick up the tabs later.
- Indian Newslink
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29 July 2009
The Lao government says it's determined to improve the lives of its people by attracting foreign money. But in a country where simply putting food on the table is a daily challenge for many, their foreign investment may hinder more than help.
Thai farmers were justified when they told television news they did not agree with the proposal of letting the Gulf Investment Corporation (GIC) start its own farms in Thailand.
One of the objectives of the caravan is to send the Asian peasants’ strong message against global land grabbing and inspire other peasants worldwide.
- Asian Peasant Coalition
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25 July 2009
If the host state and foreign investors act in conformity with these suggestions, they will maximise the prospects that any large-scale land transaction benefits all stakeholders and minimise the chances of concluding harmful deals.
"The big fear I have and which many people have is that these foreign investments shall increase the gap between the happy few large-scale producers who will benefit and the vast majority of small-scale producers who will be further marginalized," says Olivier de Schutter
- Public Radio International
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24 July 2009