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In the past six months, big players in the global economy have grabbed 50 million acres of arable land, from Africa to Southeast Asia.
The bubble money has now moved on from housing and turned to the commodities markets, especially global food production. Given what that money did to the housing market, things don't look good for local communities whose land is being bought up by governments, sovereign wealth and hedge funds, and other investors on the hunt for real value...
It's no wonder: The economic valuation of land and water has increased in concurrence with both price commodities and the ravages of climate change, whose droughts, wildfires and other extreme environmental events are quickly shrinking what's left of the planet's arable land and clean water.
"These investments are effectively land grabs for a number of reasons," he told AlterNet by phone. "They're going to be used to grow crops for exports. They're taking arable land out of the domestic food supply. Most of these deals are totally secret, and there are no standards of access to public information. We're also concerned about places with weak legal systems, where farmers and pastoralists won't even know these lands are being sold from beneath them. Some don't even have formal land-titling systems, so this is going to push people off the land and take away their access to food."
Originally posted by HunkaHunka
Amazing how this became buried with all the distractions as of late.
It's amazing how much they want us angry at each other so we don't notice things like this.