Foreign acquisitions of farmland in Africa and elsewhere have become the focus of concern. Many observers consider this development a new form of colonialism that threatens food security of the poor. David Hallam of FAOs Trade and Market Division argues that investments could be good news if the objectives of land purchasers are reconciled with the investment needs of developing countries. For more information on the topic: http://www.fao.org/economic/es-policybriefs/en/. (©FAO www.fao.org).
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TheLbb2 8 months ago
Land division in Africa is questionable considering its a land bridge for numerous populations of humans and animals. The big risks are the enforced legalities of the new operators especially concerning residents and squatters. Sidelining these issues raises the question of why an operator is in such a country. I see no disrespect for Saudi Arabia to locate investment markets for agricultural production considering their own difficulties.
stubbornVN 1 year ago
The downside of massive land purchases in poor countries is that the local people will be dispossessed and deprived of a means of making a living permanently. The simple solution if these countries want foreign investment is to either lease the land with the right to raise rents often as land value increases or sell with the right to impose land value taxes equal to market rent of the land. This way the country receives an ongoing increasing benefit and land speculation is shot dead in the head.
ourearthhome 2 years ago