A new report explores how global finance has transformed land and nature into financial assets, driving violence and environmental destruction.
A slide show by GRAIN that profiles some of those who have been most actively pursuing or supporting farmland grabs around the world.
Land speculation stimulates the expansion of plantations across Brazil, increasing land conflicts and displacement of campesino and Indigenous communities.
Africa is regarded as the New Eldorado, and is attracting many foreign based private or public investment companies, sovereign wealth funds and even pension funds gradually. Sadly, while foreigners continue to play a major role in growth investments, African pension funds' contributions to this growth are dismal.
- Huffington Post
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17 November 2012
China is one of the world's largest consumers of agricultural commodities such as soy and palm oil that drive deforestation globally. But it isn’t just Chinese consumption of these commodities that is helping fuel forest destruction. Global Witness new analysis sheds a spotlight on the often-overlooked role of Chinese banks as some of the biggest global financiers of deforestation.
- Global Witness
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07 June 2021
The debt-ridden oil palm plantations company operating in the DR Congo announces that it is pursuing a restructuring plan that includes a sales process and potential liquidation.
- Globe Newswire
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24 May 2020
Over the past couple of decades, China has embraced trade agreements that oblige it to import foods and implemented policies that favour the development of larger farms and massive agribusiness and food corporations.
ADECRU denounces the concession of large tracts of land to Portucel, Lúrio Green and other companies without the least consultation with affected communities.
Mozambican peasants union and large number of national and international groups call on heads of state of Mozambique, Japan and Brazil to immediately suspend the ProSavana agribusiness project.
"We support continued efforts to develop principles for investment in the agricultural sector undertaken by the World Bank, regional development banks, FAO, UNCTAD, and IFAD," say G8 heads of state.
- Canadian Press
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26 June 2010
The PHC oil palm plantations provide 100 years of lessons about the failures of agricultural, financial and governance systems in a globalized world.
- InfoCongo
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23 December 2021
A campaign by U.S. and Brazilian activists challenging TIAA and other financial firms’ complicity in land grabs and deforestation in Brazil is scoring major victories.
- Waging Nonviolence
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01 October 2021
The $56.5 billion Harvard University Endowment Fund is preparing to sell another chunk of its Australian almond and cotton holdings after putting the Western Rosella Farming portfolio in the NSW Riverina on the market.
An Associated Press investigation found poor conditions of millions of laborers from some of the poorest corners of Asia across palm oil plantation in Malaysia and Indonesia, many of them enduring various forms of exploitation, with the most serious abuses including child labor, outright slavery and allegations of rape.
Tampieri Financial Group has sold all the shares it held in Senhuile SA to Mr. Gora Seck, who had already taken over as company president, according to a communique
- Ndar Info
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05 October 2017
One of the manifestations of the greed of Africa's domestic plutocrats and their imperial overlords is the massive land grab that we are witnessing today.
- Pambazuka
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02 November 2011
The war in Ukraine could stimulate a new global land race that could affect the world's agricultural system, says a new study by researchers at the Politecnico di Milano.
- EurekAlert
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24 February 2023
In a letter laying out 6 clear demands, the groups call on TIAA to fully divest from fossil fuels by 2025 and to immediately stop its acquisitions of farmland.
- TIAA-Divest! et al
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29 September 2021
Today, the communities of the Ndiaël that fought Senhuile since it arrived are still there. For them, nothing has changed.
A pension fund(!) has seeded(!) a new company (i.e., not a fund!) that will invest its own assets as well as those of peers(!) in actual farms(!) in the developed and developing world!
- Institutional Investor
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23 May 2012
What’s with farming these days? The humble, even if slightly romantic vocation, is attracting a new breed of participants as investing in farmland and agriculture becomes the latest fad in the world of investments.
There is an increasing demand for nature-based solutions and real assets are of particular interest to institutional asset owners. But just because something is a natural investment does not always mean it is good for the environment. Or that it is a good investment.
- ImpactAlpha
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29 October 2024
A new report by an alliance of civil society organisations chronicles one of the most scandalous failures of development bank investment in agriculture.
- RIAO-RDC et al.
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28 January 2021
A Korean conglomerate paid $22 million to an “expert” to help it get land in Papua for oil palm plantations, at the heart of the largest rainforest left in Asia.
- Gecko Project
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25 June 2020
Food security has become an essential goal for a country facing a land, sea and air boycott imposed in June by Saudi Arabia, the United Arab Emirates, Egypt and Bahrain
It takes a gallon of water to produce one almond. And that's not the most insane fact about the mad dash to plant the thirsty trees in the middle of a catastrophic drought in California.
- Mother Jones
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12 January 2015
Saskatchewan has some of the richest and least expensive farmland in the world, and there's a gigantic pool of global money that would like to buy up as much of it as they can.
- Globe and Mail
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24 November 2010
Given the expected need for additional arable land to be brought into production on a global basis, the amount of capital that could enter the [farmland acquisition] sector could substantially exceed USD 150 billion.
The global food crisis has prompted various rich countries to start buying up land in the poorer world to secure their food supplies. As well as affecting domestic food supplies in the countries affected, Sue Branford says it could be a time bomb for the world’s ability to cope with climate change
- Red Pepper
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07 November 2009
Brazilian agribusiness corporations have created partnerships with pension funds in the United States, Canada, and Europe for the “outsourcing” of land operations that are analogous to the international outsourcing of labor.
- LatAm Perspectives
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28 June 2018