Tuesday, April 24, 2012

"Massive Theft of Developing World's Farmland" (J, Gody at IPS)

From IPS News.

BERLIN , Apr 23, 2012 (IPS) - The mass acquisition or lease of arable land in developing countries, especially in Africa, by foreign investors – a practice aggravated by the outbreak of the financial crisis in 2007 – has reached record highs, according to several new studies.

A study by the Spain-based group Genetic Resources Action International (GRAIN), released late February, estimates that some 35 million hectares of land have been sold or leased in 416 recent, large-scale land grabbing deals in 66 countries, mostly in Africa.

Another analysis of land grabs, carried out by the International Land Coalition (ILC), released last January, found that between 2000 and 2010 some 203 million hectares were leased or sold in developing countries, mainly in Africa, but also in Latin America, Asia, and even Eastern Europe, to foreign investors.

"This land area is equivalent to over eight times the size of the United Kingdom," the ILC said in its report 'Land Rights and the Rush for Land - Findings of the Global Commercial Pressures on Land Research Project.'

Most land is used to produce inputs for so called biofuels, ILC pointed out. 

... full story at IPS News.

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