The Agriculture Investment Summit in London gathered managers of pension and hedge funds. The agenda was investment opportunity: buying up the African farmland. Some reports about how, where and why to invest in farmland will be presented at the Agriculture Investment Summit. One of the summit talks will concern the problem of land-grabbing and lost opportunities. According to hypothesis 5% of African lands were sold or granted on lease to different investors, it’s about 70 million hectares. The British companies got hold about 3mln hectares of agricultural lands; to compare – it is two-thirds of the UK’s total farmland.
Non-governmental organization counted up that investors spent about $15 billion on farmlands and they are sure that the amount will double by 2015. The reasoning is the fact that farmland is an attractive sphere for investments directly related on increasing population needs in food all over the world.The Summit gathered not just investors but also united 60 international developments, environment and farming charities with the urgent request to stop the land-grabbing, which is taken from local population faster than in period of colonization.
An adviser at ActionAid, Tim Rice, considers that members of summit don’t handle the problem seriously, they eject farmers and destroy ecosystem rapidly; as a result it led to global poverty. He believes that land should be the property of local communities: this will make the idea of feeding a number of hungry people possible and can reduce the mortality statistics in Africa. Such methods of influence as workplace assurance or gun muzzle made peasants, cattlemen and other rural households resign their properties and the only chance to feed themselves and their families. One can already observe the specific example: 4 years before a quarter of village in rural Tanzania was bought by a British Sun Biofuels company, such indemnities as workplaces, hospitals, schools, roads were promised. Three years after Biofuel Company busted, leaving the village without promised goods and without land.
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