Wall Street eyes farmland
- DTN
- 07 May 2010
Wall Street financiers now interested in channeling billions of new dollars into cropland include heavy hitters like UBS, Morgan Stanley and Rabobank.
Wall Street financiers now interested in channeling billions of new dollars into cropland include heavy hitters like UBS, Morgan Stanley and Rabobank.
When will governments recognise the immense potential of their own farmers and their sustainable, diverse family farming systems, that are so desperately in need of genuine 'responsible' agricultural investment to assure food and seed sovereignty, asks Joan Baxter
Même si l’ampleur des dégâts n’atteint pas encore celle des 28 Etats africains déjà durement frappés par l’accaparement des terres, il n’en demeure pas moins qu’en Côte d’ivoire, le phénomène existe.
The World Bank is marching ahead with plans to facilitate global land grabs, while not releasing a report that confirms the negative impacts of these deals for local communities.
"Investors like Citadel Capital and Goldman Sachs must be stopped from acquiring large tracts of land in Africa because this practice has become a serious threat to the continent's food sovereignty"
La Banque mondiale entend poursuivre ses efforts pour favoriser l’accaparement mondial des terres et refuse de publier une étude confirmant les effets néfastes de ces transactions sur les communautés locales.
"In the age of derivatives and evaporating valuations, farmland is gold with a cash flow."
El Banco Mundial impulsa planes que facilitan los acaparamientos de tierra a nivel mundial, mientras se niega a hacer público un informe que confirma los impactos negativos de estos acuerdos comerciales en las comunidades locales.
'Codes of conduct’ as proposed by several quarters in the context of global land grab are unlikely to work in favour of the poor.
Radical economic, structural and social change may be spawned by growing demand for land in certain countries, and so may love affairs, says the World Bank.
Esta advertencia se hizo plausible cuando el Banco Mundial lanzó la noticia en un encuentro en Washington el 26 y 27 de abril. Durante el acto, anunció sus compromisos voluntarios para proteger a largo plazo los derechos, los modos de vida y los recursos de estos continentes durante los procesos de adquisición de tierras por parte de inversores extranjeros.
African civil society claims that the voluntary guidelines will do nothing to prevent the continued threat to food security, forests, and the rights of African rural and indigenous communities to live on their land and feed themselves.