Between 2000 and 2010, a total of 500 million acres of land in Asia, Africa, Latin America and the Caribbean was acquired or negotiated under deals brokered on behalf of foreign governments or transnational corporations.
Many such deals are geared toward growing crops or biofuels for export to richer, developed countries – with the consequence that small-holder farmers are displaced from their land and lose their livelihood while local communities go hungry.
The concentration of ownership of the world's farmland in the hands of powerful investors and corporations is rapidly accelerating, driven by resource scarcity and, thus, rising prices. According to a new report by the US land rights organisation Grain: "The powerful demands of food and energy industries are shifting farmland and water away from direct local food production to the production of commodities for industrial processing."
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