Three Japanese firms, including two on the Fortune magazine's world top 500 list, have jointly leased 100 hectares of farmland in east China's Shandong Province, to become the first foreign investors in China's farming industry.
Hundreds of farmers in Northwest China are expected to toil the soil in the neighboring Republic of Kazakhstan next spring. "We have signed a deal with Kazakhstan to rent 7,000 hectares of land in Alakol county for use for 10 years," a local agricultural official said.
In other African countries, including Ghana, South Africa and Togo, the China State Farm and Agribusiness Corporation (CSFAC) has founded 11 agricultural production, processing and sales projects, and runs a total of 16,000 hectares of farmlands
From the California wine country to the Florida citrus groves and Montana ranches, a wave of Japanese investment is sweeping through American agriculture and food processing.
