Amid outcries from local residents against the foreign acquisition of agricultural lands in several Georgian regions, some experts have drafted recommendations to amend the Law of Georgia on the Ownership of Agricultural Land.
HighQuest Partners in the US say that between 65-80 million hectares of additional land is going to have to be brought into production, globally, within the next 10 years and that this means more foreign farmland investment.
Arab states should buy land in Kurdistan and Kazakhstan to produce staple foods to secure future food resources says a senior Arab League official.
Against a backdrop of rising world wheat prices, the European Bank for Reconstruction and Development has chosen Kazakhstan as the destination for its first ever equity investment in farming.
The EBRD makes a US$45 million equity investment in KazExportAstyk, which controls 1m hectares of agricultural land in Kazakhstan – an area about the size of Denmark.
Russia’s VTB Capital plans $1bn agriculture fund which will begin by buying assets in Russia and Kazakhstan – from land to processing companies.
Saudi Arabia’s Minister of Agriculture calls Kazakhstan, Russia and Ukraine “probable countries of investment” in farmland and confirms Kingdom's continued interest in farmland in south Sudan.
Opposition activists in Kazakhstan called on the government on Saturday to stop Chinese investment in the country's natural resources, saying Beijing could be preparing a land grab in Central Asia
According to the legislation, Kazakhstan has the right to lease land to foreigners for a period of 10 years says Vice Minister of Agriculture Saktash Khassenov
Glencore has an 8.7% share of the "addressable" global grain trade and farming operations covering 270,000ha in Argentina, Australia, Kazakhstan, Russia and the Ukraine.
A Kazakh opposition leader is urging President Nursultan Nazarbaev to confirm or deny a report about an alleged deal he made in Beijing to lease Kazakh farmland to China, RFE/RL's Kazakh Service reports.
According to Rahat Aliev, on 21 February 2011 Kazakh President Nazarbayev signed an agreement with the Chinese government handing over one million hectares of fertile farmland on lease for 99 years
