Too few investors knew the land; too many deals were crooked. Yet officials hint that the government wants to promote huge farms once more, this time by expanding wheat production to boost food security.
Saudi Arabia's state grain buyer SAGO is asking Saudi investors with farmland overseas to import 355,000 tonnes of wheat into the kingdom, as major food importers try to increase strategic reserves in response to the coronavirus pandemic.
HighQuest Partners has documented an additional 100 ag investors that have made their first investment in food and agriculture in the first quarter of 2020, directly or via allocations to asset managers.
World Bank and IMF policies have provided key support for the financialisation of food and agriculture, resulting in landgrabs, price volatility, the concentration of power and the expansion of climate-damaging industrial agriculture
Wafra International, an investment firm owned by the Kuwait state pension agency, is investing $10 million of the new funding in Pure Harvest Smart Farms, and committing $100 million in equity and project financing.
The GAI Rankings Report highlights the significance of capital being raised and deployed to pursue farmland investments, confirming more than 50 million acres globally under management and $51.5 billion in assets under management.
While the COVID-19 pandemic threatens the health of Indigenous peoples in Brazil’s Amazon, pressure over their traditional lands is increasing as grileiros –individuals who illegally seize land – sense an opportunity to exploit the crisis.
Villagers in Laos say a Chinese-owned banana plantation has unfairly acquired the land of 46 families in the northern part of the country, many of whom were coerced by authorities into selling for a miniscule compensation package.