Critics say that by seeking to solve their food shortage problem through foreign farmland acquisitions, the rich emerging economies may succeed in producing enough quantity for their populations but may in the long-term be exporting their food insecurity to other nations.
The proposals for farmland acquisitions by countries such as Saudi Arabia or Qatar are at a pre-feasibility stage and no commitment has been made so far, the government of Pakistan told the High Court of Lahore
Lahore High Court Chief Justice Khawaja Muhammad Sharif postponed until October 6 the hearing of a petition challenging the proposed sale or lease of millions of acres of agriculture land to foreign countries.
The Qatar Investment Authority (QIA) has launched a venture aiming to invest in food production worldwide focusing on the acquisition and development of existing agribusiness companies rather than the lease of large tracts of farmland.
A Hassad Food advisor explained to Emboff September 3 that the company tailors its involvement in each country to the preferences of its partner in order to minimize local "backlash" to the company's actions.
"Over the past few weeks the Saudi government has been in talks with us to lease 500,000 acres (202,400 hectares) of farmland and we are currently in the process of locating which land we could give them," Tauqir Ahmad Faiq at the ministry of agriculture, said