Food Scare Sparks Developing World Land Rush: Think Tank |
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April 29,2009
High food prices fueled a land-buying spree in developing nations, particularly in Africa, by countries and private investors wanting to assure food supplies for themselves, a think tank said on Wednesday.
High food prices fueled a land-buying spree in developing nations, particularly in Africa, by countries and private investors wanting to assure food supplies for themselves, a think tank said on Wednesday.
The International Food Policy Research Institute said 15 million to 20 million hectares of farmland in poor nations were sold since 2006, or were under negotiation for sale to foreign entities.
Global recession may slow, but not end, the drive for farmland as a safeguard, said IFPRI Director General Joachim von Braun.
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