Farmland Partners is investigating a land purchase in Canada, and looked at farms in Scotland too, in its quest to exploit global farm price growth it sees continuing, driven by the quest to meet food demand.
Investment in Australia’s agricultural land has soared to $4.6 billion, with the bulk of that coming from the US.
"We're in the beginning stages of what could be a significant shift in land ownership," said Madeleine Fairbairn, who is investigatiing the impacts on farmers of institutional investment in U.S. farmland.
According to a report released today by leading environmental and social justice advocates, the investment management firm TIAA is leading a trend of speculating in land markets, which drives up farmland prices and displaces family farmers.
Expansion has been backed by borrowings which the group pegged at $437.8m as of the end of March, largely from Rutledge Investment Co and from MetLife Agricultural Investments.
Over 100,000 people, including thousands of TIAA holders, have taken action demanding that TIAA respect small farmers as part of a Campaign to Get TIAA Out of Forests and Farmland.
A coalition of environmental, human rights and family farm organizations delivered a letter with over 100,000 signatures to pension fund management company TIAA, expressing concerns over the company’s investments in farmland and palm oil.
Protesters paid a visit to TIAA’s New York headquarters Thursday, urging the firm to stop investing in farmland and companies with ties to palm oil.
- Institutional Investor
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21 April 2017
Maxagro and PHI Group will consider raising capital for Maxagro to acquire additional farmland by taking Maxagro public in the U.S. and European Stock Markets.
- Globe Newswire
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19 April 2017
L’Autorité arabe pour l'investissement et le développement agricoles va investir US$1 milliard dans des projets agricoles sur 20.000 ha en Algérie.
- Maghreb Emergent
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05 April 2017
Confrontées à la bronca populaire, les autorités tunisiennes ont dû revenir, mi-2016, sur leur projet d'autoriser l'achat de terres agricoles par des groupes étrangers. Mais elles tentent toujours d'attirer les investissements étrangers.
- Africa Intelligence
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16 Mar 2017
Le rachat d'un des fleurons du vignoble bourguignon en France par l'homme d’affaires américain Stanley Kroenke sème l'émoi parmi les viticulteurs locaux.
