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Global Land Grab Undermines Food Security in the Developing World

by Elissar Khalek last modified 2009-08-12 09:44

Over the past five years, a little-noticed wave of investors has been snapping up fields and forests in some of the poorest developing countries. Governments, sovereign wealth funds and companies from rapidly industrializing or oil-rich developing nations have purchased or leased millions of acres of land in Africa, Asia, Eastern Europe and Latin America. The trend is likely to continue. In June 2009, representatives from 200 financial and agribusiness firms gathered in New York to discuss agricultural investments in the developing world. These investments in some of the most productive agricultural land threaten to further undermine food security and sustainable rural economic development in the developing world.

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