Sai R Karuturi, founder and MD of Karuturi Global, says the company has acquired a very large piece of land in Ethiopia and has started agricultural production from it.
“We plan to have invested $1bn in farms within five years,” says Petrus du Toit of Ridge Solutions, which is acquiring farmland in Angola with backing from foreign investors.
"Personally, I believe that in five years or in ten years time I would like to be seen and compared with peers such as Cargill or the Archer Daniels of the world or the Bunges of the world."
World Bank's MIGA provides political risk insurance for Chayton Capital's $50 million farmland investments in southern Africa.
Foreign donors are promoting land registration in Papua New Guinea to facilitate a farmland grab, under the guise of agricultural development.
Ethiopian PM Meles Zenawi talks about the leasing of large areas of Ethiopian farmland to foreign investors during a panel on African agriculture at the World Economic Forum
- World Economic Forum
06 May 2010
Question - via video - to the 2010 World Economic Forum on Africa in Dar es Salaam on land grabbing in Ethiopia
Video of a speech by Dave Ramaswamy of Allied Venture about the opportunities for India to outsource its agriculture to Latin America.
Reportage sur la conférence de presse organisée par Synergie Paysanne, le 26 avril 2010 à Cotonou, Bénin
In Ethiopia, farms backed by foreign investors are growing with abundance, while native farmers subsist on food aid.
“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.
- Financial Times
14 Apr 2010
"The Chinese want a secure food supply, and they're coming into New Zealand to do that, by the look of it," a local farm union official says