What Drives The Global Land Rush

This paper studies the determinants of foreign land acquisition for large-scale agriculture. To do so, gravity models are estimated using data on bilateral investment relationships, together with newly constructed indicators of agro-ecological suitability in areas with low population density as well as indicators of land rights security. Results confirm the central role of agro-ecological potential as a pull factor. In contrast to the literature on foreign investment in general, the quality of the business climate is insignificant whereas weak land governance and tenure security for current users make countries more attractive for investors. Implications for policy are discussed.

The 2007-2008 upsurge in agricultural commodity prices gave rise to widespread concern about investors causing a "global land rush". Large land deals can provide opportunities for better access to capital, transfer of technology, and advances in productivity and employment generation. But they carry risks of dispossession and loss of livelihoods, corruption, deterioration in local food security, environmental damage, and long-term social polarization that led some countries to recently pass legislation restricting foreign land acquisition. To stimulate evidence-based debate, this paper explores determinants of foreign land acquisition for large-scale agriculture. It quantifies demand for land deals, showing it focused on Africa where land expansion is about 20 times the level it was in the past. The analysis uses data on bilateral investment relationships, together with newly constructed indicators of agro-ecological suitability in non-protected and forested areas with low population density as well as land rights security. It estimates gravity models that can help identify determinants of foreign land acquisition dedicated to large-scale agriculture. The results confirm the central role of agro-ecological potential as a pull factor. In contrast to the literature on foreign investment in general, the quality of the business climate is insignificant, whereas weak land governance and tenure security for current users make countries more attractive for investors. Implications for policy are discussed.

Interrogates the narratives of land grabbing and agricultural investment through detailed local studies that illuminate how these are experienced on the ground and the implications for Africa's land and agricultural economy.

Fields of Gold critically examines the history, ideas, and political struggles surrounding the financialization of farmland. In particular, Madeleine Fairbairn focuses on developments in two of the most popular investment locations, the US and Brazil, looking at the implications of financiers' acquisition of land and control over resources for rural livelihoods and economic justice. At the heart of Fields of Gold is a tension between efforts to transform farmland into a new financial asset class, and land's physical and social properties, which frequently obstruct that transformation. But what makes the book unique among the growing body of work on the global land grab is Fairbairn's interest in those acquiring land, rather than those affected by land acquisitions. Fairbairn's work sheds ethnographic light on the actors and relationships—from Iowa to Manhattan to São Paulo—that have helped to turn land into an attractive financial asset class. Thanks to generous funding from UC Santa Cruz, the ebook editions of this book are available as Open Access volumes from Cornell Open (cornellpress.cornell.edu/cornell-open) and other repositories.

A critique of the greatest reallocation of resources in the history of the world and an analysis of its effects on indigenous peoples, the growth of property rights, and the evolution of ideas that make up the foundation of the modern world.

This volume provides up-to-date information on what has happened in the African ‘land rush’, providing national case studies for countries that were heavily impacted. The research will be a critical resource for students, researchers, advocates and policy makers as it provides detailed, long-term assessments of a broad range of national contexts. In addition to the specific questions of land and investment, this book sheds light on the broader international political economy of development in different African countries.

This book analyses the political and economic causes, mechanisms and impacts of the industrial tree plantation boom in China. In the past two decades, the industrial tree plantation sector has been expanding rapidly in China, especially in Guangxi Province. Based on extensive primary data, this book concentrates on the political economy of the sector’s expansion with a focus on the recent and dramatic agrarian transformation involving the land-labour nexus, the impact on villagers’ livelihoods, the role of the state, and political reactions from below. The book questions the stereotypical portrayal of local communities as the excluded villager. Instead, it demonstrates that this is a much more complex issue with varying levels of passive and active forms of inclusion and exclusion within local communities. While most literature focuses on crop booms for food and biofuel production the industrial plantation sector has largely been overlooked, despite it being one of the biggest sectors in the current rush for land. Filling this lacuna, this book also reveals that while China has traditionally been painted as a major land grabber and consumer of crop booms it is also a destination of foreign investment. In doing so the book highlights how large-scale foreign land deals can also take place in traditional ‘grabber’ countries like China which feeds into the wider debates about global land politics and resource grabbing. This book will be of great interest to students and scholars of land grabbing, rural development and agrarian transformations, as well as Chinese development.