UNDERNEWS

Undernews is the online report of the Progressive Review, edited by Sam Smith, who covered Washington during all or part of one quarter of America's presidencies and edited alternative journals since 1964. The Review has been on the web since 1995. See main page for full contents

July 30, 2009

FOREIGN INVESTORS GRAB AFRICAN FARMLAND

Spiegel -Governments and investment funds are buying up farmland in Africa and Asia to grow food -- a profitable business, with a growing global population and rapidly rising prices. The high-stakes game of real-life Monopoly is leading to a modern colonialism to which many poor countries submit out of necessity.

Every crisis has its winners. A group of them is sitting in the Stuyvesant Room at the Marriott Hotel in New York. The conference room, where the shades are drawn and the lights are dimmed, is filled with men from Iowa, Sao Paulo and Sydney -- corn farmers, big landowners and fund managers. Each of them has paid $1,995 (L 1,395) to attend Global AgInvesting 2009, the first investors' conference on the emerging worldwide market in farmland.


A man from the Organization for Economic Cooperation and Development (OECD) gives the first presentation. Colorful graphs travel up and down his PowerPoint charts. Some are headed downward as the year 2050 approaches. They represent the farmland that is disappearing as a result of climate change, soil desolation, urbanization and the shortage of water. The other lines, which point sharply upward, represent demand for meat and biofuel, food prices and population growth. There is a growing gap between these two sets of lines. It represents hunger.


According to most prognoses, there could be 9.1 billion people living on earth in 2050, about two billion more than today. In the coming 20 years alone, worldwide demand for food is expected to rise by 50 percent. "These are pessimistic prospects," says the OECD man. He looks serious and even a little sad, as he describes the future of the world.

1 Comments:

Anonymous Mairead said...

We are just on a bobsled to hell, it seems. Is there *anything* too awful even for these parasites?

More to the point, will we band together in time to save ourselves.

July 31, 2009 1:50 PM  

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