Do You Know What Your Pension Fund is Doing in Africa?

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In recent years, the private financial sector has already invested between $10 to $25 billion in farmland and agriculture with little to no oversight; given current investment trends, this amount might double or triple in the coming years. Although agricultural funds are portrayed as positive social investment to help alleviate hunger and the effects of climate change, evidence demonstrates that large land deals are often detrimental to food security, local livelihoods, and the environment--yet little is known about the specific firms and funds driving this investment.

Betting on World Agriculture: US Private Equity Managers Eye Agricultural Returns, a new report from the Oakland Institute (OI), focuses on the private investment vehicles that advertise and manage investment opportunities in farmlands and agriculture for investors including pension funds, university and foundation endowments, and high net worth individuals. Based on months of research, involving literature review, interviews with fund managers, and examination of public as well confidential internal documents, the report casts a light on this hidden trend by profiling private investment vehicles that are either based in the US or aggressively promoting farmland and agriculture in the US.

Via Oakland Institute and Anuradha Mittal, Executive Director of the Oakland Institute and Global Food Systems Forum panelist.

Posted on Wednesday, March 13, 2013 at 1:03 PM

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