Global Land Grabbing by Speculators, Investment banks, Pension funds

Kenya green hills CIAT Neil Palmer sml

By Stephen Leahy

UXBRIDGE, Canada, May 10, 2012 (IPS)

Land is the missing element at next month’s big U.N. sustainable development summit known as Rio+20, where nations of the world will meet Jun. 20-22 with the goal of setting a new course to ensure the survival and flourishing of humanity.

However, governments are apparently unaware that a reversal of decades of land reform is underway with speculators, investment banks, pension funds and other powerful financial interests taking control of perhaps 200 million hectares of land from poor farmers in Africa, Latin America and Asia in recent years. Speculators and investors know land is the key to three necessities of life: food, water and energy. But neither land nor community land rights are on the summit agenda.

“Rural people are losing control over land and water because of this global land grab,” said Honduran farmer leader Rafael Alegria of the international farmers’ movement La Via Campesina.

Anywhere from 80 to 227 million hectares of rural, often agrarian land have been taken over by private and corporate interests in recent years, according to an April report released by Friends of the Earth International.

Many small land holders are being displaced in Central America and up to 40 percent of Honduran small farmers live in extreme poverty, according to the U.N. Food and Agriculture Organisation, Alegria told IPS through a translator.

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Wealthy Countries and Investors Buying Up Farmland in Poor Countries

Lopiso Lagebo, 25, comes from Kambata, a small town 800km away from Metahar. He starts working at 0500, cuts up to 5 tons (5,000 kg) of sugar cane a day and earns $0.8. The company recruits most of the work force around his home town, where land shortage drives the workers to emigrate. Caption and Photo: Alfredo Bini/Cosmos  http://www.facebook.com/alfredobini

[I wrote this article three years ago revealing a global land grab by rich investors that is now estimated to be more than 200 million hectares – my recent update here – Stephen]

By Stephen Leahy*

ANCHORAGE, Alaska, USA, May 5 , 2009 (Tierramérica)

More than 20 million hectares of farmland in Africa and Latin America are now in the hands of foreign governments and companies, a sign of a global “land grab” that got a boost from last year’s food crisis.

Rich countries that are short on land or water at home are looking to secure food-producing lands elsewhere as a way to ensure food security for their populations, said Joachim von Braun, director of the International Food Policy Research Institute (IFPRI).

“There is a major lack of transparency in these land deals,” von Braun said in a telephone press conference from Washington.

The IFPRI study, “‘Land Grabbing’ by Foreign Investors in Developing Countries,” by von Braun and Ruth Meinzen-Dick, which was presented last week, estimates that 15 to 20 million hectares have been acquired or are in the process of being sold.

Von Braun pointed out that this is equivalent to about 25 percent of all the farmland in Europe.

Because hard data is difficult to come by – the study was based primarily on information from press reports – IFPRI conservatively estimates that the deals represent 20 to 30 billion dollars being invested by China, South Korea, India and the Gulf States, mainly in Africa.

“About one-quarter of these investments are for biofuel plantations,” von Braun said.  Continue reading

Food Supply In Deep Trouble – Agriculture Most Vulnerable to Climate Change

veg food basketBy Stephen Leahy

UXBRIDGE, Canada, Oct 2 (IPS)

Rocketing food prices and hundreds of millions more starving people will be part of humanity’s grim future without concerted action on climate change and new investments in agriculture, experts reported this week.

The current devastating drought in East Africa, where millions of people are on the brink of starvation, is a window on our future, suggests a new study looking at the impacts of climate change.

“Twenty-five million more children will be malnourished in 2050 due to effects of climate change,” such as decreased crop yields, crop failures and higher food prices, concluded the International Food Policy Research Institute (IFPRI) study.

“Of all human economic activities, agriculture is by far the most vulnerable to climate change,” warned the report’s author, Gerald Nelson, an agricultural economist with IFPRI, a Washington-based group focused on global hunger and poverty issues.

The report, “Quantifying the Costs of Agricultural Adaptation to Climate Change“, may be the “most comprehensive assessment of the impact of climate change on agriculture to date”, as IFPRI claims, but researchers concede that there is no current way to quantify all of the future repercussions of changing weather patterns on the food supply.

A critical component of agriculture is knowing the best time to plant seeds, for example. Farmers rely on their past experience and weather records. But one of the most robust science findings is that climate change has and will produce significant increases in weather variability.

This means extremes like droughts or floods will happen more often or last longer, and extreme temperature shifts are more likely. The past is no longer a reliable guide for farmers because the fundamental conditions in the atmosphere have been altered – far more heat is being trapped in the atmosphere today because of carbon dioxide and other greenhouse gases than at any time since the dawn of agriculture.

Nelson told IPS that the IFPRI report is a “conservative estimate” of the potential impacts and does not include impacts of pests and disease, loss of farmland due to rising sea levels or loss of water from melting glaciers. Continue reading

Global Warming Puts Food Supplies At Risk, New Green Revolution Needed

cattle-oz-rslBy Stephen Leahy

UXBRIDGE, Canada, Apr 2 (IPS) – Don’t forget about agriculture in the upcoming global negotiations to combat climate change, experts warn. Not only is farming most at risk in an increasingly variable and tempestuous climate, it is also a major emitter of greenhouse gases.

But with the right policies in place, agriculture could both continue to feed the world and play a crucial role in solving the climate problem.

“Agriculture has been missing in the run-up talks to Copenhagen,” says Mark Rosegrant of the International Food Policy Research Institute (IFPRI).

The nations of the world will meet in Copenhagen this December to hammer out a new climate treaty to reduce emissions of greenhouse gases (GHGs) and establish a fund to help poorer countries adapt. The complex process began in 2007 at the Bali talks, continued in Poznan, Poland in 2008 and is ongoing this week in Bonn.

Agriculture accounts for about 15 percent of human emissions of GHGs, IFPRI says, although the Intergovernmental Panel on Climate Change puts it higher at 25 percent. Much of those emissions come from developed countries that rely heavily on fossil fuels and fertilisers and raise far more methane-emitting livestock.

With climate change the world is facing reduced yields of up to 20 percent in maize and rice by the year 2050, Rosegrant told IPS. Much of that yield decline will be in the developing world, mainly because sub-tropical and tropical regions are expected to be hit hardest by significant changes in water availability and warmer temperatures.

Climate change could mean ever-rising food prices and therefore significant investments are needed in agricultural research to help countries cope with the coming changes, he says: “We’re trying to work out what the costs for adaptation in agriculture might be.” Continue reading