Banks receive nod to auction Karuturi assets in Kenya

Seven years after the farm was placed under receivership due to debts owed to Kenya Revenue Authority and a local bank, the final nail has been hammered on its coffin. Workers now worry for the Sh300 million they are owed in salary arrears, union dues and savings.

Executive members of an organisation representing landowners engaged in a long drawn out dispute with Socfin Agriculture Company in Malen Chiefdom in the Pujehun district have appealed to President Julius Maada to intervene.

Villagers in Kilwa were encouraged to give up their lands for an investment in large-scale farms to produce cassava for export, but as time passed on, they realised the much touted investor was but a ghost.

New factsheet from ActNowPNG breaks down 6 myths used to justify the privatisation of customary land, showing how it's not about development but about profits for corporations

Bipartisan pressure is building to stop foreign nationals from purchasing American farm operations and receiving taxpayer subsidies.

Why do peasant farmers lose out when they produce for the palm oil industry? A publication based on experiences from Latin America, sub-Saharan Africa and Southeast Asia.

Dole Sunshine Co, which grows pineapples and other produce across more than 30,000 hectares of farmland in the Philippines, says it plans to increase its farm production area in the country

The Danish farming company FirstFarms announced that it reached an agreement to sell its assets in northwestern Romania, some 2,400 ha of land, for nearly EUR 14 mln, Profit.ro reported.

Dairy giant Fonterra has sold two joint venture farms in China to Singapore-based AustAsia Investment Holdings for US$115.5m.

Stanbic Bank, in Kenya, is now free to auction assets of Karuturi Ltd over a debt of USD 16.6 million after the Supreme Court dismissed an appeal by its shareholders and guarantors.

Global AgInvesting held its 13th annual gathering in the US with a special optional golf tournament at the exclusive Sleepy Hollow Country Club, bringing together ag investors, asset managers and agribusiness executives.