Modern Colonialism: Foreign Investors Buy Up Vast Amounts of Developing World Farmland

Foreign investors are buying or leasing vast amounts of farmland in Developing World countries to profit from surging demand for food crops as a result of rapid population growth. “Land grabbing” amounts to a new form of colonialism that often runs counter to the interests of locals.

A number of developing nations have sold or leased much of their farmland to foreign investors. The list is led by Liberia, whose arable land is 100 percent under foreign ownership.

The process is known as “land grabbing,” and it is affecting countries in Africa, South America, Asia and Eastern Europe. Around half of the farmland of the Philippines is owned by foreign investors. In Ukraine, American companies have secured over one-third of the country’s farmland.

Population growth in countries like India and Brazil is driving up demand for cereal crops, and investments in farmlands offer the chance of solid returns.

In many cases, the population suffers from this new form of colonialism, and the planting of monocultures tends to sap the soil.

 

 

 


Articles by: Der Spiegel

Disclaimer: The contents of this article are of sole responsibility of the author(s). The Centre for Research on Globalization will not be responsible for any inaccurate or incorrect statement in this article. The Centre of Research on Globalization grants permission to cross-post Global Research articles on community internet sites as long the source and copyright are acknowledged together with a hyperlink to the original Global Research article. For publication of Global Research articles in print or other forms including commercial internet sites, contact: [email protected]

www.globalresearch.ca contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of "fair use" in an effort to advance a better understanding of political, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than "fair use" you must request permission from the copyright owner.

For media inquiries: [email protected]