ftp://ftp.fao.org/docrep/fao/011/ak241e/ak241e.pdf
A new FAO report says that high food prices in 2007 and EU bio fuels policy have contributed to land grab across Africa, with large scale private and Government land aquisitions of many thousands of acres of land.
Large scale foreign land aquisition is a feature in Latin America too, where EMASA for example has bought up thousands of square miles of rain forest to which indigenous people have first claim.
There are massive problems and potential problems with these aquisitions, according to the linked FAO / UN report.
-Often little or no money is paid
-Promises of investment benefits aren't enforceable
-non-sustainable land use like commerical biofuel monocrops are often planted
A proposal in 2008 for a 99 year lease of half of Madagascar's arable land nearly brought the government down -
South Korea to lease half of Madagascar's arable land for corn, oil palm production November 19, 2008The agreement has just failed, perhaps too blatant for any government to get away with.South Korea's Daewoo has signed a 99-year lease for half of Madagascar's arable land, reports the Financial Times. The firm expects to pay "nothing" for the lease.
The agreement covers 1.3 million hectares (3.2 million acres) — an area half the size of Belgium. Daewoo says it plans to plant corn on 1 million hectares in the arid western part of the island and 300,000 ha (740,000 acres) of oil palm on land in the tropical east, a region that is home to the bulk of Madagascar's rare rainforests. The company will produce the food for export and plans to import workers from South Africa, although a Daewoo spokesman said that the project could create up to 70,000 local jobs. The company expects the project to cost $6 billion over the first 25 years.
African Agriculture: The lessons of Daewoo's failed Madagascar land lease deal
The rip off of local resources continues. We are savaging African fish stocks.
The Spanish are savaging ours. Irish gas is given away. Private interests become enormously wealthy while the local population is left with environmental degradation.
http://news.scotsman.com/world/Madag...al.5086662.jpg
In Madagascar, the President who had supported the deal has just been driven from office and replaced by someone who had opposed it.
Its all too easy for big conglomerations to bribe or pressurise local governments to give away natural assets that by rights belong to the whole population.
Action's needed both by local populations and by opposition in the "buyer" States to prevent this worldwide grand larceny.



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