Reporting by Agência Pública has revealed how investors including U.S. pension funds and an Argentine agribusiness giant may be linked to illegal land deals and deforestation in Brazil’s Cerrado region.
CEFF II raised $1 billion from a group of institutional investors, mostly pension funds, to invest in high-tech greenhouses, indoor, vertical farms, and other sectors that need controlled environment agriculture facilities.
Banks, retirement funds, retail investors, boutique asset managers, and even some nonprofits and universities are doubling down on farmland investments, making it increasingly difficult for farmers of color to access land.
After acquiring majority ownership in the PHC plantations from European development banks in 2020, former partners have turned on each other with legal action underway across four jurisdictions for control of the company, valued at US$100 million.
The stolen land belonged to families that are part of the 35000 people being forcefully displaced by three multinational companies including Great Seasons SMC Limited, Agilis Partners Limited, and Kiryandongo Sugar Limited.
On May 3rd, 2021, we gathered with frontline land defenders, researchers, students, alumni, faculty, staff, and community members from around the world to learn about Harvard’s farmland investments and build power.
Quienes actualmente controlan los flujos financieros del mundo no son capaces de apoyar a los productores de alimentos y a los sistemas alimentarios —que pueden combatir la crisis climática o las muchas otras crisis que afectan a la alimentación y a la agricultura. Nuestro desafío es lograr que tanto las tierras agrícolas como el dinero no sigan en sus manos, tan pronto como podamos.