In April 2021, the Netherlands-based Kempen Capital Management (Kempen) launched the SDG Farmland Fund – a new investment solution to offer institutional investors global access to farmland as an asset class.
Listen to an interview with Maria Luisa Mendonça of Rede Social on US teachers' pension fund TIAA investments in Brazil land grabbing and deforestation.
- Free City Radio
-
17 November 2021
In 2013, mammoth US investment company TIAA-CREF gave $5 million to the University of Illinois to fund a research center, branded with the company’s name, that would explore the financial niche of farmland investment.
- Illinois Newsroom
-
16 November 2021
European firms are involved at different stages of the supply chain of soy, meat and metal – industries which are the main drivers of the deforestation of the Amazon and Cerrado regions in Brazil
A campaign by U.S. and Brazilian activists challenging TIAA and other financial firms’ complicity in land grabs and deforestation in Brazil is scoring major victories.
- Waging Nonviolence
-
01 October 2021
The Development Bank of Japan is the first in Japan to agree to invest in a food-focused private equity fund by backing a fund managed by Proterra Investment Advisors (Proterra Asia).
Brazilian sugar company Cosan has purchased a stake in the land holding company Grupo Radar from the US pension fund manager TIAA for $278 million, giving it over 50% ownership.
- Reuters
-
21 September 2021
Farmland grabs by US companies and pension funds are being ignored as appropriators prioritise keeping Chinese interests in check, critics say
Agriculture, long overlooked as a handy defensive investment space by fund managers more interested in infrastructure, commercial real estate and shopping centres, has become the focus of big spending activity of late.
Reporting by Agência Pública has revealed how investors including U.S. pension funds and an Argentine agribusiness giant may be linked to illegal land deals and deforestation in Brazil’s Cerrado region.
Investigation into the controversial palm oil sector in Liberia, the role of Dutch finance and impacts on local communities
- Financieel Dagblad
-
13 July 2021
CEFF II raised $1 billion from a group of institutional investors, mostly pension funds, to invest in high-tech greenhouses, indoor, vertical farms, and other sectors that need controlled environment agriculture facilities.
Banks, retirement funds, retail investors, boutique asset managers, and even some nonprofits and universities are doubling down on farmland investments, making it increasingly difficult for farmers of color to access land.
- Food & Power
-
08 July 2021
An Australian company backed by Canada's Public Sector Pension Investment Board has purchased a grain farm in Yuna, Australia for about $30 million
Une bataille juridique a éclaté sur la propriété des Plantations et Huileries du Congo, une entreprise qui contrôle plus de 100 000 hectares de terres pour des plantations de palmier à huile en République démocratique du Congo.
- Oakland Institute
-
24 June 2021
After acquiring majority ownership in the PHC plantations from European development banks in 2020, former partners have turned on each other with legal action underway across four jurisdictions for control of the company, valued at US$100 million.
- Oakland Institute
-
22 June 2021
Quienes actualmente controlan los flujos financieros del mundo no son capaces de apoyar a los productores de alimentos y a los sistemas alimentarios —que pueden combatir la crisis climática o las muchas otras crisis que afectan a la alimentación y a la agricultura. Nuestro desafío es lograr que tanto las tierras agrícolas como el dinero no sigan en sus manos, tan pronto como podamos.
New information indicates that Feronia's $15 million rice operations were taken over by a politically connected Belgian-Congolese businessman when they mysteriously vanished from the company's books in 2017.
PSP, one of Canada's largest pension investment managers, now adds a further 40,000 hectares to its large farmland holdings in New South Wales.
Carbon credits and net-zero pledges are fuelling a new round of farmland buying by billionaires and pension funds that will undermine real climate action.
The University of Iowa Faculty Senate voted 42 to 7 to pass a resolution calling on the university to hold the financial services provider TIAA accountable for its investments in global farmland.
- ActionAidUSA
-
28 April 2021
Un nouveau rapport du Oakland Institute dénonce le financement par plusieurs fondations, fonds de pension et trusts internationaux d’une société de plantations de palmiers à huile en RDC
Australian farmland is an appealing asset class to Canadian-backed investment group, Warakirri Asset Management, with the firm having launched a new fund which expects to raise $500 million.
An unnamed European pension fund has become the cornerstone investor in the just-launched, close-ended Warakirri Farmland Fund, which aims to raise up to €320m in equity.
Report finds the Canadian based pension plan is not living up to its own environmental, social responsibility, and corporate governance principles, resulting in adverse impacts on Maui’s environment and residents.
- Responsible Markets
-
06 April 2021
The South African Government Employees Pension Fund and the country's Public Investment Corporation are invested in a Congolese palm oil business linked to past human rights abuses and land expropriation.
- Sunday Times
-
06 April 2021
A first €20m has already been invested in olive orchards in Portugal, with possible investments in Danish organic vegetable farming, American potatoes, barley and wheat as well as kiwi fruit in New Zealand.
A new report by Chain Reaction Research presents data on specific actors linked to Cerrado deforestation in 2020, including the quantified risk exposure of the largest soy traders, meatpackers, and retailers.
«Ces investisseurs sont directement responsables des vols de terres et des violations des droits de l’homme perpétrés contre les communautés locales,» selon Frédéric Mousseau
Resolution adopted by the Professional Staff Congress, a union that represents 30,000 faculty and staff at the City University of New York and the CUNY Research Foundation.