A top US retirement fund and a major sugar producer have found themselves embroiled in a probe into possible breaches of land-purchase rules in agricultural superpower Brazil.
- Bloomberg
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17 December 2020
Fornecedora da Cargill, a SLC Agrícola desmatou, em 2020, mais de 5 mil hectares de Cerrado para cultivar soja em Formosa do Rio Preto (BA).
- Mongabay
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14 December 2020
Fornecedora da Cargill, a SLC Agrícola desmatou, em 2020, mais de 5 mil hectares de Cerrado para cultivar soja em Formosa do Rio Preto (BA). A trader estrangeira, maior empresa privada dos EUA, comprometeu-se a barrar a prática em suas cadeias produtivas;
- Mongabay
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14 December 2020
Indiana-based Teays River Investments has agreed to acquire family-owned Grimmway Farms – the self-proclaimed largest carrot producer in the world – for an undisclosed sum.
- Bakersfield
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29 November 2020
TIAA is unusual among financial firms for its aggressive pursuit of farmland, paving the way for financial wealth controlled by companies and individuals to takeover and dispossess rural communities of their farmland.
- NFFC, NAMA, ActionAid
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20 November 2020
New report reveals finance firm TIAA initiated unprecedented global farmland investments under CEO Roger Ferguson Jr., while undermining human rights standards.
- ActionAid & FOE
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20 November 2020
University of Iowa faculty members write that major collegiate employee retirement savings manager must divest from socially irresponsible farming pension fund investments and be transparent in doing so.
- Daily Iowan
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18 November 2020
American pension fund giant TIAA sold its Southern Riverina farming aggregation between Wagga Wagga and Albury in southern NSW to local Australian farmers after more than a decade of ownership.
The Matopiba region is home to the majority of the Cerrado’s remaining vegetation, and, conversely, among the highest deforestation and fire rates in Brazil.
Agricultural investors say the COVID-19 crisis has had little impact on their business and investment intentions, with Australian agricultural land, water and business assets as appealing as ever to investors.
- Farm Weekly
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25 September 2020
The Covid-19 pandemic and a general trend towards ESG investing are pushing more institutional investors, particularly pension funds, to look more closely at farmland investments.
TIAA is set to confirm a $21 million compensation package for its CEO and a Board of Trustees that has been unresponsive regarding the use of retirement money to grab farmland, destroy forests and violate human rights.