Ukraine

L'Etat cède 880000 hectares de terre arable pour 670 millions d'euros. Publiée mi-août par le Financial Times, l'annonce du gouvernement soudanais n'est plus vraiment une nouveauté. Comme d'autres avant lui, le pays est prêt à céder un territoire presque aussi grand que l'Ile-de-France à des investisseurs étrangers trop contents de s'exécuter.

What’s with farming these days? The humble, even if slightly romantic vocation, is attracting a new breed of participants as investing in farmland and agriculture becomes the latest fad in the world of investments.

The United Arab Emirates is seeking to invest in agricultural projects in Kazakhstan as part of its efforts to secure food supplies.

The Dubai-based think-tank Gulf Research Centre, in its food inflation report released last month, noted that agriculture production in the six-member Gulf Cooperation Council’s (GCC) countries is on the decline, and its exposure to unstable global food supplies would increase in the future. It called on the GCC to develop links with countries rich in arable land.

The UAE and its food-importing neighbours are “particularly vulnerable” to spiralling costs and should make significant investments in “contract farming” in Africa and Asia, says the UN’s Gulf food chief, Dr Kayan Jaff.

“Look at the colour, what a beautiful crop,” says Richard Spinks, pointing to wheat and rapeseed fields that his company sowed this season in western Ukraine. “If all of Ukraine’s farms could produce the yields we are getting, this country could play a big role in feeding the world and establish itself as a geopolitical power,” says the British chief executive of London-listed Landkom.

The Saudi government announced that it would co-ordinate with local private-sector companies and invest in strategic agricultural interests in key producer countries such as Brazil, Ukraine, Thailand and India, guaranteeing for itself supplies of cereals, meat and vegetables. It is already in advanced negotiations with Thai investors and a deal on rice farms in Thailand is likely before the end of the year.

Saudi Arabia has unveiled plans to develop large-scale overseas agricultural projects to secure food supplies, revealing that Riyadh is in discussions with Ukraine, Pakistan, Sudan, Turkey and Egypt.

The expectation in Ukraine is that billions of dollars of fresh investment and agriculture reforms, namely sanctioning of agriculture land sales, could double or triple domestic grain production to 100-150 million tons levels in the long term.

Agacpita President Steven Johnston explains the philosophy of investing in farmland

A British entrepreneur is leasing land from smallholders in an attempt to revive the breadbasket of the former Soviet Union

Landkom has leased 165,000 acres from thousands of landowners in Ukraine and will reap its first big harvest this year.