‘Foreigners own 74 m acres of farmland in Africa’: What will prospective candidates do about this?
- Daily Trust
- 29 Mar 2011
In Nigeria today, foreign acquisition of arable agriculture land has become a hot and widely discuss issue.
In Nigeria today, foreign acquisition of arable agriculture land has become a hot and widely discuss issue.
Higher land prices are here to stay; an additional inflationary tailwind for the already rising cost of food.
Lee Woo-chang set up a farming company called KomerCN in Cambodia in December 2008 to grow corn for export to Korea on 21 ha. He now wants to expand the farm to 13,000 ha.
Since the food and financial crisis in 2008, a race for arable land has started worldwide. States, corporations, banks and funds of rich countries buy up large chunks of land to produce agrofuels and grow crops for food - or just to speculate.
Sudanese officials have set aside 17,000 hectares of land in White Nile state for an Egyptian meat project.
A land grab is taking place all across Africa, a transfer of control unprecedented in the post-colonial era.
World food security fears may be driving the foreign rush to buy Australian farmland and agribusinesses, says Nationals' leader, Warren Truss.
The Republic of Congo has handed over 80,000 ha of arable land to a company owned and operated by 14 South African farmers.
A new report is released this week to coincide with the forthcoming international conference on the global land grab to be held at IDS, University of Sussex.
Foreign investors are leasing vast tracts of land in Ethiopia
One of the problems with so-called ‘land grabs’ is secrecy. Most of the contracts that seal such deals are hidden from public scrutiny, which makes it very hard to establish what is really going on.
Mauritius has access to more than 120,000 hectares of farming land in Mozambique and an expression of interest from potential agricultural entrepreneurs was launched last year.