Posts Tagged ‘ starvation ’

Hedge funds buying African farmland

October 31, 2011
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Starving? Not able to live off your land? Well here’s the solution: just sell it to a hedge fund! No time to worry about your family’s future when there are much more urgent problems to deal with! Economically this makes perfect sense–buy cheap farming land now and sell it when farming land becomes the next scarce resource:  Over 148 million acres of farmland in Africa have been purchased by Western hedge funds in the last three years. Western hedge funds have begun buying up vast parcels of land all over Africa. According to a series of new reports by the Oakland…

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