Why Wall Street investors and Chinese firms are buying farmland all over the world

THE ETHIOPIA OBSERVATORY

Posted by The Ethiopia Observatory (TEO)
by vox.com

    As the world’s population soars past 7 billion, farmland and freshwater are becoming increasingly valuable resources.

CRITICS WORRY THAT THE TRADE HAS SPURRED A RISE IN ‘LAND GRABBING’

And, in response, a growing number of companies and investors — Wall Street traders, Chinese state corporations, Gulf sheiks — have been buying up farmland abroad. The trade has been booming since 2007, when a spike in grain prices got everyone fretting about shortages. The purchases help countries like China and Saudi Arabia secure food supplies and conserve water domestically. But critics worry that the trade has also spurred a rise in “land grabs” — when sellers in countries like Ethiopia or Cambodia forcibly acquire the farmland from locals in the first place.

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