Guardian UK--Institutions including Harvard and Vanderbilt reportedly use hedge funds to buy land in deals that may force farmers out.
Reuters--Wealthy U.S. and European investors are accumulating large swaths of African agricultural lands in deals that have little accountability and give them greater control over food supply for the world's poor, according to a report released Wednesday.
UNITED STATES, OAKLAND, CA — Millions of hectares of fertile land, approximately seven times the size of France, have being snatched up in the developing world since 2007 for large-scale industry and plantations, according to Frederic Mousseau, policy director at the Oakland Institute, a California-based policy think tank.
The massive and insatiable land grab in Africa by multinationals, including from India, marks an inevitable catastrophe
By Jing Jin
Land grabs are nothing new — the imperialist scramble for Africa being the most egregious example — and neither are agricultural land grabs, such as the fruit plantations of the Central American “banana republics.” Outsourcing production has always meant capitalizing on the natural resources of another place and more recently, it has also meant capitalizing on loose environmental and labor regulations in less developed countries.
Apart from the problem of skyrocketing cost of living in the city consequent upon land speculation and its attendant rising cost of rent, which the Land Swap is sure to escalate, there is the unjust treatment and the violation of fundamental human rights of the local indigenes.
A June 2011 report by the policy think tank the Oakland Institute revealed Vanderbilt University as one of the major investors in EMVest (formerly Emergent Asset Management), an agricultural corporation accused of engaging in the exploitive practice of “land grabbing” in five African countries. The report drew from firsthand research and interviews with those affected by EMVest, and its accusations were serious and large in scale.
A farmer in Tanzania, where land and water grabs are frequent. World Bank/Scott Wallace Flickr
WASHINGTON, Jan 30 2013 (IPS) - Nearly 22 percent of professionally managed assets around the world can be considered sustainable or responsible, according to a finance industry assessment, the first comprehensive look at the subject.
Have you heard about the phenomenon called ‘land-grabbing’? Multinational corporations and nations are buying up land in foreign countries for them to use – a lot of land. Consider this: