Poor plundered for land
- The Age
- 15 April 2010
Farmers in Africa may starve as their fields are bought to profit rich foreigners, writes Jo Chandler in The Age
Farmers in Africa may starve as their fields are bought to profit rich foreigners, writes Jo Chandler in The Age
Chinese investment in Australian farms increased 10-fold in the past six months, as buyers see opportunities in agriculture. “Chinese are wealthy and they are looking for a secure investment in beef, cotton and grain properties, ” said John Burke, an agent for Elders Ltd.
“It’s not common in Brazil to find farmers presenting accounts to international investors. What you can see here is the new model for agribusiness in Brazil,” says André Pessôa, co-ordinator of the Rally da Safra.
The Cambodian government’s moves to allocate vast tracts of land to foreign and local companies are often done without consulting local villagers.
Someone needs to put Fonterra and the Feds into the same room.
The Chinese-backed company seeking to buy 29 North Island dairy farms is also trying to buy up to 100 farms in Otago and Southland and build a dairy factory in Southland.
A year after the purchases of vast swathes of farm land in Africa first drew public attention, transactions remain as opaque as ever.
But company says it does not want to tarnish Saudi Arabia's image by buying farmlands abroad
Event aims to support “win-win” arrangements whereby investors and host countries can both benefit from international investment, supporting national or regional food security aims.
Egyptian private equity firm Citadel Capital is seeking to buy Kenya’s firms and long-term land leases as it seeks agro-based raw materials to feed its food business.
Vietnam President Nguyen Minh Triet, current chair of the Association of Southeast Asian Nations, pledged to bolster Saudi-ASEAN cooperation in view of ASEAN's reliance on the Gulf states' oil and the Gulf states' need for overseas farmland for their own food security.
Vietnam's president Nguyen Minh Triet on Saturday met Saudi business leaders who asked for flexible investment regulations and access to Vietnam's farmlands