Citadel Capital, which owns farms in Egypt and Sudan, is expected to start talks with the China Investment Corporation next month.
Agricultural analyst at Citi Investment Research, Tim Mitchell, recently calculated that "rural raiders" from overseas had spent "well in excess of $12 billion" over the past four years on Australian agribusinesses and farms.
Capital flows into Africa, include farmland acquisitions by foreign investors, rose 16 percent in 2008 to a record $62 billion even as FDI that year fell 20 percent worldwide
The recent large-scale acquisition of land in Kenya and in Africa in general happens on murky terrain as governments negotiate behind closed doors.
In the past two years there has been a remarkable increase in purchases of large-scale farmland by foreigners throughout Africa, Latin America, Central Asia, and Southeast Asia.
- The Casual Truth
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08 Mar 2010
Hancock Agricultural Investment Group, a Boston-based unit of Toronto's Manulife Financial Corp., decided its first Canadian purchase would be an 1,100-acre (450-hectare) patch of land that it called "one of the most highly productive properties in the industry." The company will not disclose how much it paid, or even the exact location of the farm. But president Jeff Conrad said the company is in Canada to stay, and the fund plans to seek more land.
- Mail and Globe
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19 August 2009
Researchers say the construction of a dam and sugarcane plantations has dispossessed the Lower Omo’s peoples of their farming and grazing lands and irreversibly altered the natural cycles of the Omo River.
Farmland grabs by US companies and pension funds are being ignored as appropriators prioritise keeping Chinese interests in check, critics say
Reporting by Agência Pública has revealed how investors including U.S. pension funds and an Argentine agribusiness giant may be linked to illegal land deals and deforestation in Brazil’s Cerrado region.
Botum Sakor National Park in southern Cambodia has lost at least 30,000 ha of forest over the past three decades. Environmental degradation go back to the late 1990s when Cambodian government began handing out economic land concessions for commercial plantations and tourist infrastructure.
New report from Greenpeace International‘Licence to Clear’ shows systematic violations of permitting regulations as plantations were pushed into forest areas. Since 2000, forest estate land released for plantations in Papua Province has totalled almost a million hectares.
Germany’s Rainforest Rescue (Rettet den Regenwald) and Washington, D.C.-based Center for International Policy (CIP) blasted a baseless defamation lawsuit brought to the Hamburg Regional Court by a supplier to the Korindo conglomerate, a notorious Korean-Indonesian palm oil, logging and wind tower manufacturing giant.
- Mighty Earth
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19 January 2021
Communities in Cross River State have kicked against the exclusion of women in community land rights and the continuous marginalisation by multinational companies.
One year after palm oil company Golden-Agri Resources (GAR) and its subsidiary Golden Veroleum Liberia (GVL) were called out for illegal deforestation, land grabbing, and the destruction of critical wildlife habitats, and many ongoing abuses later things on the ground don’t look much better.
Satellite maps show the connection between Harvard and TIAA's farmland acquisitions in Brazil's Cerrado and the massive number of fires that have been burning in the region since July of this year.
- FOE US, GRAIN,NFFC, Rede Social
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22 October 2019
Landgrabs, deforestation and an increasingly-globalised Khmer culture are encroaching deep into the lands and lore of Cambodia's indigenous Bunong people
- SEt Asia Globe
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29 August 2019
Roundtable for Sustainable Palm Oil (RSPO) is working to bring sustainable palm oil into the “mainstream”. The RSPO aims to advance production, procurement, finance and use of sustainable palm oil products and not shy away from two key challenges on the horizon: winning over smallholders and African producers.
- Food Navigator
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05 April 2019
The fight over a vinyard in the foothills of the Sierra Madre Mountains illustrates the risks that Harvard’s endowment once embraced with its unusual strategy of investing directly in massive agriculture projects around the world.
- Bloomberg
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15 November 2018
The US university, through its endowment fund, maintains a business chain with Brazilian companies and its subsidiaries to circumvent Brazilian law, according to a report.
- Brasil de Fato
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13 September 2018
With its renewed promotion of what it calls the “Sunshine Industry,” the Philippine government is looking to cultivate another one million hectares of oil palm, 98 percent of which would be on the island of Mindanao.
- Mongabay
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07 September 2017
The group, backed by European development banks, revealed it had sold 90% of its Zampalm operation to the Industrial Development Corporation of Zambia, a state-backed fund, for $16m
- Agrimoney
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06 September 2017
American farmland is becoming popular with overseas investors—and that’s making people nervous. Italian buyers purchased 102,000 acres, New Zealand bought around 18,000, and Saudi Arabia and the United Arab Emirates went in on more than 15,000 acres.
- Mother Jones
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04 August 2017
Peasants in Honduras have sued a branch of the World Bank over its financing of the corporation Dinant, which has vast palm oil plantations in Bajo Aguán valley
A Ugandan group of more than 100 farmers lost their land to Bidco and now a coalition of activists are launching a new platform, No2Bidco.org, to chart Bidco abuses.
Australia’s largest pastoral cattle empire, S. Kidman and Co., has agreed to be sold to a Chinese-led consortium for 370.7 million Australian dollars (US$287.3 million), continuing a flurry of deals in the country’s agricultural sector. Earlier proposed deal was rejected by the government last year.
- Wall Street Journal
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19 April 2016
An agricultural investment advisor predicts international companies wanting to buy Australian farmland could be scared off by changes to the threshold for scrutiny by the Foreign Investment Review Board.
The level of Chinese investment in the Australian beef supply chain appears certain to increase as China hunts for new food sources to feed its one and half billion citizens. Nine Chinese companies have outlaid almost $430 million on Australian beef cattle holdings and downstream red meat supply chain.
- Beef Central
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28 October 2015
NeglectAssist is warning private investors to watch out for exotic Australian land investments promising both security and high returns.
- Every Investor
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22 January 2015
Large scale businesses like Wilmar risk being labeled land grabbers, but we don't have that in Nigeria, says Minister of Agriculture Dr. Akinwumi Adesina.
- This Day
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11 November 2014
Some experts say that the Chinese engagement in African agriculture is still in the exploratory stage.
- All About Feed
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03 September 2014