China-invested banana plantations in Laos are sickening Lao villagers exposed to agricultural chemicals.
The agribusiness company, Hoang Anh Gia Lai (HAGL), pledged to World Bank in 2015 to return land within its rubber concessions to local communities. But as residents have sheltered at home due to COVID-19, the company has cleared much of the land.
BrasilAgro, which recently merged with farmland investor Agrifirma, continues to aggressively implement its business model that focuses on the acquisition and transformation of Cerrado savanna into farmland.
In response to resistance from people’s movements, Sri Lanka has pulled out of MCC agreement, which would have opened the door for commercial agriculture and large scale acquisition of Sri Lankan lands for foreign individuals and corporations.
- LVC South Asia
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21 May 2020
While conditionalities accompanying Western foreign assistance are common practice, the way Ukraine has been forced to put its land for sale has no precedent in modern history.
- Oakland Institute
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21 May 2020
A Chinese sugar company with a large long-term land concession in Cambodia came under fire from NGOs Tuesday for leasing parts of the concession to local villagers, collecting rent instead of engaging in the activities stipulated in its contract with the Cambodian government.
- Radio Free Asia
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20 May 2020
High Court in Lusaka rules that the conversion of village lands in Muchinda chiefdom for a large-scale agribusiness project was illegal and violated the community’s rights, but stops short of cancelling the company's title.
- Mail & Guardian
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19 May 2020
Human Rights Watch found that DFID's CDC Group failed to ensure that the palm oil companies it finances in the DR Congo respects the basic rights of the people who work and live on or near its plantations.
Finnfund, a development financer, has invested US$15 million in a syndicate loan to Export Trading Group, one of Africa’s largest agricultural conglomerates.
Hewitt Cattle Australia, a joint partner of Canadian pension fund – Public Sector Pension Investment Board (PSP Investments), has listed its Mt. Cooper aggregation in Northern Queensland for sale.
The "BigMa" rice-corn blending initiative of listed firm AgriNurture, Inc. and groups of indigenous peoples in Mindanao will devote vast tracts of idle land for planting white corn as an alternative to reduce dependence on imported rice.
Due to "significant financial market disruption/challenge arising from Covid-19", Olam has terminated a deal for its onion and garlic facility in California with Mesirow Financial and taken back its farmland.
- Business Times
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05 May 2020
"Have you ever seen a communications specialist of a corporate group admit, without blinking, to the exploitation of minors by subcontractors? That is what happened to us in Cameroon," explains RTBF journalist Emmanuel Morimont
In the Brazilian Cerrado, on the nation’s agricultural frontier, rapid deforestation by expanding agribusiness, depletion of water resources, and an unsympathetic government are further complicating the resolution of the long-time struggle over land rights.
Boston-based Peritia Capital Management invests in hard assets or agribusiness companies via debt, equity, or joint-venture structures.
The largest operator of Russia’s grain export infrastructure and a major grain trader sells stakes to Agronova, which develops farm projects in Russia’s southern Krasnodar region, and the Marathon Group financial company
The Danish company's West Romania operations constitute 5 percent of FirstFarms’ total turnover and the company says it has not delivered satisfactory operating results the latest years.
- First Farms
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30 April 2020
Letter from African community organisations to SOCFIN regarding the unsafe conditions for plantation workers and neighbouring communities during the current Covid-19 pandemic.
Sierra Leone’s Minister of Agriculture has blocked a large-scale poultry farm project covering 10,000 acres promoted by two Israeli companies citing “critical commercial risks” that need to be resolved.
- NightWatchSL
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22 April 2020
The Development Bank of Ethiopia suspending loans for commercial farms because of the failure of numerous farms in Gambella, where the Bank was even tricked into giving two loans for a single agriculture project.
- Addis Fortune
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16 April 2020
Agribusiness proponents in the Brazilian states of Rondônia, Acre and Amazonas plan to create a joint agricultural area, Amacro, inspired by the multi-state Matopiba region that is now the country’s grain-growing heartland.
IDH is working with FMO, the Dutch development bank -- which last year granted Zambian fully integrated tilapia operation Yalelo a $10.5 million senior secured loan facility -- to draw up guidelines for investing in African aquaculture.
- Undercurrent News
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14 April 2020
The Australian fund has confirmed that it has completed an off-market deal to acquire Terrick Terrick, a 55,000-hectare property from long-time owners Russel Pearson and the Pearson family, for an undisclosed amount.
Too few investors knew the land; too many deals were crooked. Yet officials hint that the government wants to promote huge farms once more, this time by expanding wheat production to boost food security.
HighQuest Partners has documented an additional 100 ag investors that have made their first investment in food and agriculture in the first quarter of 2020, directly or via allocations to asset managers.
World Bank and IMF policies have provided key support for the financialisation of food and agriculture, resulting in landgrabs, price volatility, the concentration of power and the expansion of climate-damaging industrial agriculture
The GAI Rankings Report highlights the significance of capital being raised and deployed to pursue farmland investments, confirming more than 50 million acres globally under management and $51.5 billion in assets under management.
Large institutional investors are pouring capital into global agricultural markets, and Australia has been a key target.
- IPE Real Assets
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06 April 2020
The campaign against Cameroon’s agribusiness titans was reenergised in March after women living near several controversial plantations denounced the loss of community lands and rights, and the destruction of native forests.
In Cameroon, women are the ones who bring food home, and when there is enough, we sell it. The income allows us to meet other needs. Today, we no longer have this possibility because of the agro-industries, like SOCAPALM