The discussion “Land Grab or Development opportunity?” has just been launched at by FAO's Global Food Security and Nutrition Forum and invites members to comment and share their views on the issue of foreign acquisitions of developing countries’ farmland.
The government is preparing a regulation which will put some restrictions on foreign investment in the food industry, including on the length of the investment, and the joint ownership with local firms.
AgriSA expects to sign a 35,000 hectare land deal with the Libyan government in October.
A multi-million hectare land deal allowing South Africans to farm in the Republic of Congo is expected to be finalised by mid October, South Africa's main farmers union said on Wednesday.
The proposals for farmland acquisitions by countries such as Saudi Arabia or Qatar are at a pre-feasibility stage and no commitment has been made so far, the government of Pakistan told the High Court of Lahore
“Our people have already surveyed several areas to choose the right place for planting basmati rice. The investment will be huge,” says Ambassador Khayyat.
The TCC Group's move to terminate the farmers' leases comes amid increased concerns that foreign firms are taking a controlling interest in rice farms in Thailand's central provinces.
“I would say to friends in the [Gulf] region that this is not the way to get food security because the opposite will happen”, the former director-general of the World Trade Organisation told Gulf Times yesterday.
Lahore High Court Chief Justice Khawaja Muhammad Sharif postponed until October 6 the hearing of a petition challenging the proposed sale or lease of millions of acres of agriculture land to foreign countries.
The Government of Japan, with the World Bank, FAO, IFAD and UNCTAD, try to initiate a coordinated global response to the growing land grabbing trend at the UN
Citadel, which also announced on Tuesday that it was investing in 500,000 feddans (210,000 hectares) of farmland in Sudan, is also looking to potential investments elsewhere in Africa: Uganda, Kenya, Ethiopia.
Egyptian private equity firm Citadel Capital is investing in 210,000 ha of farmland in Sudan, where it got the right to the land for 99 years.
