With mortgage rates now sitting at six to seven percent, many investors have turned their attention away from Canadian farmland. “The investors (in farmland) have all run away,” says one real estate agent.
The manner in which African Agriculture acquired rights to operate within the Ndiael Reserve has raised eyebrows. Local herders, whose livelihoods depend on the reserve’s resources, now face displacement and restricted access to water and grazing lands.
Donor-designed forest carbon projects and private sector companies like Burapha Agro-Forestry are facing insurmountable challenges from an age-old problem: land tenure insecurity.
The Qatari agricultural company plans to inaugurate a farm that extends over 100,000 hectares and produces 200,000 tonnes of powdered milk annually.
A military drone fell in the Big Island of Brăilei, in the area of the Filipoiu Farm within the Al-Dahra Agricost holding. The incident is considered by specialists to be the most serious for Romania since the beginning of the war launched by Russia against Ukraine.
The Butler Valley leases terminated by Arizona's governor only amount to about one quarter of Fondomonte’s total farm holdings in Arizona prior to October. Besides the 3500 acres that the company leased from the state, it privately controls almost 10,000 acres more further south and closer to Vicksburg.
Farmers from different communities in the Ondo West Local Government Area of Ondo State took to the streets in protest against the alleged decision of the state government to take over their farmlands for leasing to a Chinese company.
Facing a civil lawsuit over killings allegedly carried out by its security staff at a pineapple plantation near Nairobi, food company Fresh Del Monte is claiming it cannot be sued in Kenya because it is registered in the Cayman Islands.
Royal London Asset Management has acquired 21,000 acres of prime farmland in a £260m joint venture with South Yorkshire Pension Authority (SYPA); it's first investment into agriculture and natural capital.
At COP28 in Dubai, Nigeria's National Council for Climate Change signed an agreement with France's aDryada for carbon investment projects with Osun State (reforestation of 20,000 ha) and Cross River State (57,000 ha of mangrove restoration).
AAM Investment Group has sold its 14,074ha Sunshine Farms Aggregation in the Lachlan Valley of New South Wales for an undisclosed sum and the buyer is believed to be the US pension fund manager Nuveen.
Foreign ownership of American land has gained a lot of buzz lately, but senior staff attorney and professor with the Center for Agriculture and Food Systems at Vermont Law and Graduate School, Fran Miller says more attention should go to domestic corporate ownership.
