President of the United Arab Emirates, Khalifa bin Zayed, has said that in order to secure food supply for the country, the government wants to invest in farmland in Kazakhstan
Beijing is adding agricultural investments to its “go outward” strategy, under which domestic businesses are encouraged to venture into foreign markets.
“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.
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.
China's fast-growing farm corporations may be the next wave of Chinese investors in Australia, joining their already influential mining comrades.
Hedge funds and investment banks are swapping their Gucci for gumboots as they bet on rising food prices by buying farms.
Hundreds of farmers in Northwest China are expected to toil the soil in the neighboring Republic of Kazakhstan next spring. "We have signed a deal with Kazakhstan to rent 7,000 hectares of land in Alakol county for use for 10 years," a local agricultural official said.
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