Harvard University, the US pension fund manager TIAA/Nuveen and Japan's Mitsui are among the foreign companies buying up Brazilian farmlands that are responsible for over 420,000 ha of deforestation in the Cerrado since 2000.
The fight over a vinyard in the foothills of the Sierra Madre Mountains illustrates the risks that Harvard’s endowment once embraced with its unusual strategy of investing directly in massive agriculture projects around the world.
The elite university has quietly become one of the largest owners of farmland in the world, according to a new report by GRAIN, an international nonprofit supporting small farmers, and Brazil-based Rede Social de Justiça e Direitos Humanos
A new report accuses Harvard University’s endowment of contributing to “environmental destruction,” and the displacement and harassment of communities in its pursuit to acquire $1 billion worth of farmland worldwide over the past decade.
A new report details the web of companies with which Harvard Management Company, the university’s investment arm, directly invests in farmland around the world, risking conflict with communities from California to Brazil.