Who’s behind the destruction of Brazil’s Cerrado?
- Grist
- 28 February 2024
Some of the world's largest pension funds bet big on Brazilian farmland. Communities, and the climate, are paying the price
Some of the world's largest pension funds bet big on Brazilian farmland. Communities, and the climate, are paying the price
The world’s largest manager of farmland assets, Nuveen Natural Capital, has taken advantage of Treasury Wine Estates’ decision to downsize its commercial wine business after acquiring water rights and 434 ha of its orchards.
The Pension Fund has made an initial commitment to Nuveen’s flagship Global Timberland strategy, with the potential for further allocations in both forestry and farmland.
Operation creates Radar Gestão de Investimentos, a joint venture that will manage farmlands of the two companies in Latin America
How US pension fund TIAA purchased farmland with a legacy of racism and murder
Grimmway’s owner is backed by pension funds including the public employees of the states of Maine and Oregon, Texas teachers, the New York state Teamsters union and the Producer-Writers Guild of America.
Two TIAA subsidiaries, Global Ag Properties and Premiere Ag Properties, purchased 50,000 acres of land in Arkansas that were stolen over 100 years ago from Black farmers in one of the largest massacres of Black people in US history.
Financial players are moving aggressively to snatch up lands around the world with access to water for irrigation. Their strategy is to pump as much water as they can and as fast as they can into the production of crops that reap high prices in export markets.
A new report explains how Harvard University, pension fund TIAA and multinational agribusiness corporation Bunge are enabling illegal land grabs and increasing deforestation for soy production
To give a wider swath of investors access to farmland as an asset class, Nuveen Natural Capital is opening its Global Farmland Strategy to qualified retail investors through an evergreen private-market fund.
US lawmakers from both parties are pushing legislation that would limit who can own American farmland, with a latest effort from Democratic Senator Cory Booker aimed at curbing corporate ownership.
Nuveen, the $1.1 trillion investment manager of TIAA, has expanded its partnership with a global fintech platform to offer investors and financial advisors the opportunity to allocate to global agricultural assets.
The Vicuñas and the $9,000 sweater
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