Posco International’s new zero deforestation policy comes after years of pressure from NGOs and the divestment of its shares by Dutch and Norwegian pension funds.
In the next decade, 400 million acres of U.S. farmland will change hands. A land justice advocate sees a timely opportunity to counteract entrenched income inequality and systemic racism.
- Civil Eats
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24 February 2020
Daybreak Cropping, a partnership between Warakirri Asset Management and the Canadian Public Sector Pension Investment Board, paid $97 million for the 22,000 ha broadacre farm.
- The Standard
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21 February 2020
CRR’s sustainability analysis shows that deforestation and fires have taken place on TIAA’s farmland portfolio in Brazil, enabling negative social impacts on local communities.
Ukrainians are concerned that cash-flush foreigners could snap up one of Ukraine’s agricultural lands, leaving many of the country’s 41 million people forced to work for others on the soil they once owned.
- Bloomberg
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17 December 2019
NGOs from Korea and Indonesia file OECD complaint against POSCO International for causing palm oil abuses
PSP Investments has been doubling down on capital commitments in Australia’s ag sector – and particularly in almonds and water recently.
A Canadian pension fund has bought a huge parcel of Australian permanent water rights for $490M to irrigate almond trees, in a move that puts the spotlight on foreign ownership of farms and water resources as drought ravages the country.
The acquisition of the Turnbull properties takes spending by TIAA's Nuveen subsidiary on Australia's northern NSW cropping country to almost $50 million in the last 12 months.
With fires on their Cerrado properties, Harvard’s and TIAA’s deforestation exposure appears to be growing.
With very low interest rates having taken root across asset classes and investors abiding in their hunt for higher yields, the world’s largest manager of global farmland, Nuveen, says the season may be ripe for a strategic allocation to the $2.3 trillion market for U.S. farm real estate.
- INvestable Universe
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31 October 2019
Altamiran Ribeiro, a Brazilian land rights activist, told an audience at John Hopkins University about the land takeovers on behalf of corporations in Brazil and the long-term consequences on local communities and the environment.
- John Hopkins Newsletter
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25 October 2019
Satellite maps show the connection between Harvard and TIAA's farmland acquisitions in Brazil's Cerrado and the massive number of fires that have been burning in the region since July of this year.
- FOE US, GRAIN,NFFC, Rede Social
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22 October 2019
Europe’s biggest pension fund manager is set to expand its Asia portfolio "primarily with additions of co-investments, joint-ventures and investor-led platforms with a focus on farmland and timberland".
- Asian Investor
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21 October 2019
Canada’s Public Sector Pension Investment Board has made another move to deepen its presence in Australian agriculture, taking full ownership of the largest irrigated farmer in Australia.
Canadian fund manager PSP Investments, a public service pension fund, has put in an offer for Australia's Webster farms, including their water entitlements, that values the diversified agribusiness at $854 million
- N Queensland Register
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03 October 2019
The Vermont Pension Investment Committee has invested $100 million in the Nuveen Global Farmland Fund, which aims to make farmland acquisitions averaging $20m across the US, Australia, New Zealand, Brazil, Poland, Romania and Chile.
- PI Online
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02 October 2019
Auditors wrote down the value of Harvard's Brazil farm project by about $200 million after the endowment decided to exit the development in 2017, according to documents filed in a lawsuit.
- Bloomberg
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24 September 2019
New investigation by Global Witness uncovers more than 300 banks and investors back six of the world’s most harmful agribusinesses to the tune of $44bn.
- Global Witness
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23 September 2019
Global Witness exposes how more than 300 banks and investors back six of the world’s most harmful agribusinesses to the tune of $44bn
- Global Witness
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23 September 2019
BPL, the Dutch pension fund for the Netherland’s agricultural and green sectors, is planning to divest its stake in Fagoed, a €140 million fund invested in agricultural land.
The shameful story of how 1 million black families have been ripped from their farms. A war waged by deed of title has dispossessed 98 percent of black agricultural landowners in America.
- The Atlantic
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12 August 2019
NGOs have filed a complaint at the OECD against the Dutch bank ING Group regarding its financing of oil palm companies involved in deforestation (Noble Group), land grabbing (Bolloré Group/Socfin) and child labor (Wilmar International).
- Milieudefense
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05 July 2019
According to asset managers, a window is emerging for institutional money to flow into agriculture due to change of ownership, notably in markets such as Australia and the US.
Multi-million pound corporations with complex structures have purchased the very ground we walk on – and we are only just beginning to discover the damage it is doing to Britain.
Little of the 5 million acres [2.02 million hectares] that Sudan's agriculture ministry estimates are in foreign hands—perhaps less than 1 in 20 acres—has been cultivated.
Norway’s US$1 trillion sovereign wealth fund, the world’s largest, has pulled out of more than 33 palm oil companies over deforestation risks over the last seven years
The Ontario Teachers’ Pension Plan has acquired Broetje Orchards, one of the largest privately-owned apple orchard operations in the U.S.
The Russian government has actively supported foreign investment in Siberian agriculture, making 1 million hectares of arable land in the Far Eastern Federal District available to foreign buyers
- The Diplomat
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12 February 2019
According to the USDA, the following countries are home to the largest holders of US cropland: Canada, Germany, the UK and the Netherlands.
- Successful Farming
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05 February 2019