Gulf sovereign funds show interest in farmland fund
- Reuters
- 21 Jan 2010
The fund is in the process of leasing 50,000 hectares of land in Tanzania which will be complete by the end of this year and will mainly be for rice production.
The fund is in the process of leasing 50,000 hectares of land in Tanzania which will be complete by the end of this year and will mainly be for rice production.
A private sector fund worth $350 million plans to launch by the end of the year in the Gulf, with the aim of acquiring farmland in Romania, Moldova and Tanzania
What started as a government drive to secure cheap food resource has now become a viable business model and many Gulf companies are venturing into agricultural investments to diversify their portfolios.
After having invested over 300 million euros for the acquisition of agricultural land alone, and another dozens of millions were invested in food industry, now Danish investors see a new opportunity on Romania’s market, namely the development of renewable energy parks
Japan is considering providing loans from a government-owned bank for companies to purchase and lease farmland abroad, Munemitsu Hirano, counsellor at the international affairs department of the Ministry of Agriculture, Forestry and Fisheries, said.
Des États à la recherche d'autonomie alimentaire et des grands groupes louent des millions d'hectares à l'étranger. Christian Bouquet, spécialiste en géopolitique, explique le phénomène.
The largest fund to invest in European farmland will be launched today, signalling investors' growing appetite for alternative ways to profit from a long-term rise in agricultural commodity demand and prices. The farmland fund, set up by Germany-based Palmer Capital Partners and UK-based Bidwells, is expected to raise about €300m ($425m) to buy arable land in Poland, Hungary, Romania and the Czech Republic. It will also invest in western Europe.
Since 1999, The Ingleby Company has bought about 17 farms. The company runs just under 20,000ha of land with 130,000 stock units, most of which are sheep and cattle.
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The land is ours
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Repression for land and profits
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