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Foreign investors buy up Third World farmland

Posted By -NO AUTHOR- On 02/21/2013 @ 11:53 pm In Money,World | No Comments

(Der Spiegel) Foreign investors are buying or leasing vast amounts of farmland in Third 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.

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