Two of Washington’s largest tree fruit orchards have been taken over by financial companies, as operators reportedly began to realize the operations would need large capital infusions to renew older orchards and remain competitive.
A new Oakland Institute report details how the Bank’s Enabling the Business of Agriculture (EBA) project promotes large-scale land acquisitions and the expansion of agribusinesses in the developing world.
New research from War on Want reveals that the UK government’s Department for International Development (DFID) has been using the aid budget to promote the interests of multinational food companies in Africa.
The African Agricultural Capital Fund, which is backed by USAID, Bill Gates and JP Morgan, has invested $1.2 million in NUAC, a company owned by several Danish partners that operates Uganda's largest farm.
On the issue of land investments that are referred to by their critics as "land grabbing", Gates said: "It's not actually possible to grab the land. People don't put it on boats and take it back to the Middle East."