“African countries have not been in a reasonable bargaining position,” AU Agriculture Commissioner Rhoda Peace Tumusiime told Reuters in an interview at AU headquarters in Addis Ababa. “The pace of the trend was very fast and they didn’t envisage that there should be benefits to the community.”
Foreign investors in overseas farmland “should not have a right to export” during a food crisis in the host country, a government-backed think tank is to propose on Thursday, in the first code of conduct to address the so-called land grabbing trend.
Le gouvernement du Mali a, dans le cadre d’un programme régional de mise en valeur des terres de l’Office du Niger, mis à la disposition de l’UEMOA, 11 288 hectares de terres dans la zone de Kouroumari.
Growing food in foreign lands has a long history. But the 21st century version of outsourced agriculture presages something fundamentally new.
On the eastern coast of Kenya, controversy erupts over plans to turn a biodiversity hotspot into farmland for Qatar.
Saudi officials I have spoken to seem to be aware of the minefields their schemes could ignite.
Saudi Arabia's desire to secure its sources of food for its citizens by establishing overseas joint ventures in food production has received a positive response from a Philippine trade delegation.
Japan is considering providing loans from a government-owned bank for companies to purchase and lease farmland abroad, Munemitsu Hirano, counsellor at the international affairs department of the Ministry of Agriculture, Forestry and Fisheries, said.
So does this mean farming might now be a good place to make money? Some investors certainly think so, according to ETF Securities.
The issue of food security is getting higher on Riyadh’s priority list.
Some Gulf countries may now be realising the importance of offering direct loans to African countries as a means to increase Arab investment.
"Pakistan has finalised plans to offer ownership of agricultural lands to investors for farming, and is targeting investors from the UAE and other Gulf countries to help with their own food resources."
The Federal Minister of Investment in Pakistan, Waqar Ahmed Khan, said this week that the government plans to sell or lease 1 million acres of farmland to foreign investors, primarily from Saudi Arabia and other Gulf countries. Although the news has yet to gain much coverage, if carried out it could punctuate growing unrest and frustration, given Pakistan’s limited amount of arable land and population of more than 170 million.
The debate over foreign investment is set to expand from the mining industry to agriculture as overseas investors pour billions of dollars into Australian rural properties considered by some to be strategic national assets.
It seemed like the perfect match. Kuwait has a lot of money and needs to import food. Cambodia has a lot of fertile land and wants to attract foreign capital.
