AGRA

Accelerating into disaster – when banks manage the food crisis

As the vicious food price crisis deepens, transnational companies are moving into southern countries on a huge scale and starting to capture millions of hectares of land in order to bring agricultural production further under their control for industrial agrofuel and food production for the international market. Millions of peasants will be pushed out of food production, adding to the hungry in the rural areas and the slums of the big cities. The few that remain will work under full control of the transnational companies as workers or contract farmers.