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.
Read more about the Oakland Institute's ground-breaking research, which reveals previously unpublished details about land grabs across Africa.
Large companies across the world are invading rural areas in developing countries, allegedly responding to a need for economic development, food security, and poverty alleviation. Such is the narrative of Senhuile, a shadowy company backed by a maze of foreign investors, which is operating in the natural protected area of Ndiaël in northwest Senegal.
Guess what? Wall Street doesn’t just want our rent checks, our infrastructure, or our public schools. It wants our food system as well.
A new report on a government-sanctioned land grab in Senegal shows a new deal that threatens thousands of Peul pastoralists in the rural Ndiel area. RFI spoke to Frederic Mousseau, Policy Director of the agricultural policy think tank, the Oakland Institute, who says Senhuile-Senéthanol, a multinational corporation, has leased 20,000 hectares of prime pasture in Senegal, pushing herders off their land.
Petizione internazionale contro la concessione di 20.000 ettari alla Tampieri Financial Group
Morgan Stanley for a while owned farmland in Ukraine while the Municipal Employees’ Retirement System of Michigan was part of a consortium that recently bought 50% of Australia’s almond-producing land. Worldwide, farmland is a hot investment area, but it’s also controversial, opaque, illiquid and sometimes relies on local operation that presents a risk of fraud.
Institutional investors eyeing US farmland. Beginning farmers often priced out.
People of Omo River Basin sold down the river
Les multinationales privent la population de terres cultivables pour produire du biocarburant.