Financial Times FT.com

UN to regulate farmland grab deals

By Javier Blas in Rome

Published: November 18 2009 01:34 | Last updated: November 18 2009 01:34

The United Nations has started drawing up a code of conduct to regulate overseas investment in farmland, but the voluntary rules will not be ready for at least a year.

The code is the first attempt to control the growing trend of so-called “farmland grab” deals, which involve rich countries such as Saudi Arabia and South Korea investing in overseas farming to boost their own food security.

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