Saudi Arabia announces the launch of Agroinvest, which will focus on farm acquisitions abroad to grow wheat, rice, soybeans and other crops in Brazil, Vietnam, Indonesia, Philippines, Pakistan and Turkey
The Qatar Investment Authority (QIA) has launched a venture aiming to invest in food production worldwide focusing on the acquisition and development of existing agribusiness companies rather than the lease of large tracts of farmland.
An internal document recently posted on IRRI's website reveals that the Institute has been advising Saudi Arabia in the context of its strategy to acquire farm land overseas for its own food production.
Resource-hungry China has so far passed over investing in high-priced farmlands of South America in favor of Africa, with its less developed commodities markets, greater need for financing and open labor laws.
Gulf states buying farmland in developing nations for food security face the risk of damaging their reputation as international investors as the deals are seen as land grabs, a Rothschild executive said yesterday.
While everyone from the Rothschild’s – via the Agrifirma Brazil fund, run with Jim Slater – through to Nicola Horlick and UBS are snapping up farmland in Brazil, I’m fascinated by another niche: Canada and New Zealand.