This paper studies the determinants of foreign land acquisition for large-scale agriculture. To do so, gravity models are estimated using data on bilateral investment relationships, together with newly constructed indicators of agro-ecological suitability in areas with low population density as well as indicators of land rights security. Results confirm the central role of agro-ecological potential as a pull factor. In contrast to the literature on foreign investment in general, the quality of the business climate is insignificant whereas weak land governance and tenure security for current users make countries more attractive for investors. Implications for policy are discussed.
Fields of Gold critically examines the history, ideas, and political struggles surrounding the financialization of farmland. In particular, Madeleine Fairbairn focuses on developments in two of the most popular investment locations, the US and Brazil, looking at the implications of financiers' acquisition of land and control over resources for rural livelihoods and economic justice. At the heart of Fields of Gold is a tension between efforts to transform farmland into a new financial asset class, and land's physical and social properties, which frequently obstruct that transformation. But what makes the book unique among the growing body of work on the global land grab is Fairbairn's interest in those acquiring land, rather than those affected by land acquisitions. Fairbairn's work sheds ethnographic light on the actors and relationships—from Iowa to Manhattan to São Paulo—that have helped to turn land into an attractive financial asset class. Thanks to generous funding from UC Santa Cruz, the ebook editions of this book are available as Open Access volumes from Cornell Open (cornellpress.cornell.edu/cornell-open) and other repositories.
This collection of essays in Governing Global Land Deals provides new empirical and theoretical analyses of the relationships between global land grabs and processes of government and governance. Reframes debates on global land grabs by focusing on the relationship between large-scale land deals and processes of governance Offers new theoretical insights into the different forms and effects of global land acquisitions Illuminates both the micro-processes of transaction and expropriation, as well as the broader structural forces at play in global land deals Provides new empirical data on the different actors involved in contemporary land deals occurring across the globe and focuses on the specific institutional, political, and economic contexts in which they are acting
The 2007-2008 upsurge in agricultural commodity prices gave rise to widespread concern about investors causing a "global land rush". Large land deals can provide opportunities for better access to capital, transfer of technology, and advances in productivity and employment generation. But they carry risks of dispossession and loss of livelihoods, corruption, deterioration in local food security, environmental damage, and long-term social polarization that led some countries to recently pass legislation restricting foreign land acquisition. To stimulate evidence-based debate, this paper explores determinants of foreign land acquisition for large-scale agriculture. It quantifies demand for land deals, showing it focused on Africa where land expansion is about 20 times the level it was in the past. The analysis uses data on bilateral investment relationships, together with newly constructed indicators of agro-ecological suitability in non-protected and forested areas with low population density as well as land rights security. It estimates gravity models that can help identify determinants of foreign land acquisition dedicated to large-scale agriculture. The results confirm the central role of agro-ecological potential as a pull factor. In contrast to the literature on foreign investment in general, the quality of the business climate is insignificant, whereas weak land governance and tenure security for current users make countries more attractive for investors. Implications for policy are discussed.
The last two years have seen a huge amount of academic, policy-making and media interest in the increasingly contentious issue of land grabbing - the large-scale acquisition of land in the global South. It is a phenomenon against which locals seem defenceless, and one about which multilateral organizations, such as the World Bank, as well as civil-society organizations and action NGOs have become increasingly vocal. This in-depth and empirically diverse volume - taking in case studies from across Africa, Asia and Latin America - takes a step back from the hype to explore a number of key questions: Does the 'global land grab' actually exist? If so, what is new about it? And what, beyond the immediately visible dynamics and practices, are the real problems? A comprehensive and much-needed intervention on one of the most hotly contested but little-understood issues facing countries of the South today.
Interrogates the narratives of land grabbing and agricultural investment through detailed local studies that illuminate how these are experienced on the ground and the implications for Africa's land and agricultural economy.
This book analyses the political and economic causes, mechanisms and impacts of the industrial tree plantation boom in China. It will be of great interest to students and scholars of land grabbing, rural development and agrarian transformations, as well as Chinese development.
Since the 2008 world food crisis a surge of land grabbing swept Africa, Asia and Latin America and even some regions of Europe and North America. Investors have uprooted rural communities for massive agricultural, biofuels, mining, industrial and urbanisation projects. ‘Water grabbing’ and ‘green grabbing’ have further exacerbated social tensions. Early analyses of land grabbing focused on foreign actors, the biofuels boom and Africa, and pointed to catastrophic consequences for the rural poor. Subsequently scholars carried out local case studies in diverse world regions. The contributors to this volume advance the discussion to a new stage, critically scrutinizing alarmist claims of the first wave of research, probing the historical antecedents of today’s land grabbing, examining large-scale land acquisitions in light of international human rights and investment law, and considering anew longstanding questions in agrarian political economy about forms of dispossession and accumulation and grassroots resistance. Readers of this collection will learn about the impacts of land and water grabbing; the relevance of key theorists, including Marx, Polanyi and Harvey; the realities of China’s involvement in Africa; how contemporary land grabbing differs from earlier plantation agriculture; and how social movements—and rural people in general—are responding to this new threat. This book was published as a special issue of Third World Quarterly.
* This book takes the reader on an immersive journey through landscapes and situations of modern-day agriculture* The authors tell you intimate stories of diverse stakeholders and provide an insight into complex scientific, political, legal and philosophic ideas* Agriculture is the single most transformative thing humans are collectively doing to the planet* F. Huber and U. Martin have been documenting the social and environmental consequences of global agriculture since 2007* In a slow journalism approach they build close relationships with their Interview partners, so the projects grow organically, chapter by chapter, in a constant cycle of research, production, and presentation* Featuring many great unseen picturesAgriculture drives climate change, extinction, erosion and water depletion. It uses about 40 percent of all land on earth and more than 70 percent of all freshwater. Due to over-exploitation of the soil and climate change, desertification is one of the greatest threats to life on earth. F. Huber and U. Martin have been documenting the social and environmental consequences of global agriculture since 2007. In a slow journalism approach they build close relationships with farmers, ranchers and fishermen, and interview policy makers, activists and scientists. The book is divided in three big parts with 350 extraordinary, touching photos: White Gold (2007-2012) examines the social and ecological effects of global cotton production. LandRush (2011-ongoing) analyzes the impact of large-scale agro-investments on rural economies and land rights, the boom of renewable fuels, the reallocation of land, and the future of agriculture around the world. Dry West (2014-ongoing) documents the hydrological society and human-shaped landscapes of the American West, where rivers run in concrete beds, across mountains and deserts and up towards money.Contents: Introduction, Texas Blues, Killing Seeds, Burkina Dreams, Dying Sea, The Road, The Farm, Family Affairs, Full Circle, California Drought, American Nile, Dustbowl Riviera.
Stefan Ouma seeks to debunk the misconceptions and assumptions about "finance-gone-farming" with a penetrating analysis of case studies taken from both the developed and developing world. The book provides fascinating insights into the inner workings of the agri-focused asset management industry.
