Re: BBC News: Hedge Funds Gobbling up Land in Africa
Post 3
Several countries are either resorting to renting or buying in other places (Africa, Brazil, etc) to yield crops.
For those who speak French and are interested there was a really interesting documentary on the subject on the Swiss channel TSR1
http://www.tsr.ch/video/emissions/geopolitis/2872814-accaparement-des-terres-agricoles-peut-on-acheter-un-pays.html#id=2872814;nav=emissions/geopolitis/?page=2
Egypt would have rented 2.1 million acres in Uganda, Sudan 3.7 million acres in several countries for a period of 99 years, Libya would have bought 247'000 acres in Mali, etc.
The documentary highlights that the advantages and profits coming out of this do not go to the locals but are mostly going into the pockets of politicians and investors.