Financial Times FT.com

Food security fuels land grab, says report

By Javier Blas in London

Published: May 24 2009 22:05 | Last updated: May 24 2009 22:05

Only a short time ago, African farmland seemed of little interest to outsiders. But last year’s food crisis and water scarcity in many countries has changed foreigners’ appetite with the result being that fertile soil in Africa is now sought by international investors to the tune of hundreds of thousands of hectares.

The first big report on the trend – branded by some as “farmland grab”, but seen by others as a huge development opportunity – concludes that food security, rather than commercial enterprise, is behind most of the deals sealed or negotiated.

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