‘Speculative Mania’ Driving Privatization Of US Farmland

http://www.popularresistance.org/speculative-mania-driving-privatization-of-us-farmland/

“When non-operators own farms, they tend to source out the oversight to management companies, leading in part to horrific conditions around labour and how we treat the land,” Anuradha Mittal, the executive director of the Oakland Institute, a U.S. watchdog group focusing on global large-scale land acquisitions, told IPS. “They also reprioritise what commodities are grown on that land, based on what can yield the highest return. This is no longer necessarily about food at all, but rather is a way to reap financial profits. Unfortunately, that’s far removed from the central role that land ultimately plays in terms of climate change, growing hunger and the stability of the global economy.” In a new report released Tuesday, the Oakland Institute tracks rising interest from some of the financial industry’s largest players.

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