Morocco says aims to quadruple farmland leases by 2020
- Reuters
- 24 February 2014
The target is 500,000 hectares by 2020, nearly four times the current level.
The target is 500,000 hectares by 2020, nearly four times the current level.
AIM-listed Paragon acquires 10% shareholding in Paragon Volta Limited, which is in the process of finalising a sublease over 5,000 ha close to the River Volta in Ghana from a much larger farm land estate.
The Russian farm operator unveiled a loss of $18.1m for 2013, compared with earnings of $7.49m in 2012 – the only profitable year in the company's nine year history.
African Land Limited sold itself on the back of a promise that its rice farms in Sierra Leone could turn “a tidy profit of 15% a year”.
In return for corporate investment and aid, African states are reforming policies to make it easier for corporations to operate in their farming sectors.
Citizens of Sinoe County have filed a complaint to the RSPO, an overall body of Palm Oil Worldwide, to stop Golden Veroleum Liberia's (GVL) ongoing operations of land clearing in their towns and villages.
Critics of the initiative, however, fear the commercialisation of agriculture will not benefit small-scale farmers
Critics of New Alliance say private investment and improvements in rural infrastructure will not liberate people from poverty
Pledges by African governments will make it easier for companies to do business through the easing of export controls and tax laws, and through governments ringfencing huge chunks of land for investment.
Companies with bad environmental records are increasingly turning to a little-known nonprofit called TFT to make sure they meet commitments to improve their practices. It remains to be seen if this is just a PR move.
The wolves of Wall Street are eyeing millions of acres of US farmland that will soon come up for sale, according to a new study from the Oakland Institute
Once Kyrgyzstan joins the Eurasian Economic Union, due for early 2015 and so far consisting of Kazakhstan, Belarus and Russia, it will have both the obligation and a chance to allow investors from partner countries to lease its farmland.