Tribal Networks News

September 10, 2010

Land Grabs in Poor Countries Increase

Filed under: Development — Direct Sponsor @ 10:13 am

stock image from original articleAcquisitions of vast tracts of fertile land in Africa by foreign governments and companies stirred public attention when Korean company Daewoo bought more than a million hectares of farmland in Madagascar.

A World Bank report estimates that 2009 saw 45 million hectares of farmland deals going through and predicts that this ‘will increase, especially in the developing world’.

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