Malians Per Gallon
The Epoch Times:
Land Grabs in Africa Threaten Greater Poverty, Part 1 of 2
This land grab or land rush began in earnest a decade ago, but gained momentum following record high food prices in 2008, combined with increasing hunger, the ongoing financial crisis, and a surge in biofuel demand. It describes investors, governments, or companies, buying or leasing vast tracks of arable land in foreign countries for the purpose of exporting the produce back to their own country, or simply for financial speculation.
The phenomena is most prevalent in sub-Saharan Africa, as well as in Brazil and Russia; the foreign countries most involved in claiming the land are China, South Korea, India, Saudi Arabia, Kuwait, and Qatar.
While the exact figures are hard to determine, in 2009, the World Bank estimates that over 110 million acres of land were under negotiation for allocation, 70 percent of which were in Africa. The International Land Coalition (ILC) puts the number at almost 200 million acres, 64 percent in Africa.
According to the World Bank, 21 percent of land deals in 2009 globally were for biofuel production; the ILC figure for 2009 is 44 percent, with Southern Africa being called the new Middle East of biofuels.
Land Grabs in Africa Usher in a New Form of Colonialism, Part 2 of 2