Lester Brown, the president of the Washington-based Earth Policy Institute, says even if the investor comes in wielding impressive, shiny new technology, it will be of little benefit to the small farm holder.
Japan is to propose introducing a set of principles to ensure smooth investment in agriculture in developing countries at a Group of Eight summit in Italy in July, a foreign ministry official said on Tuesday, in a move to limit 'land-grabbing'.
Some nations, such as India, instituted tight export controls on staples like wheat and rice. Others, like South Korea and Saudi Arabia, have bought land overseas to help grow food for their populations.
Farm ministers of the Group of Eight meeting in Italy this weekend aim to forge a strategy to secure food supplies and stabilize prices, as rich nations scramble for acreage abroad to feed their people.