Friday, February 11, 2011

Stephen Leahy

Famine-hollowed farmers watch trucks loaded with grain grown on their ancestral lands heading for the nearest port, destined to fill richer bellies in foreign lands. This scene has become all too common since the 2008 food crisis.

Food prices are even higher now in many countries, sparking another cycle of hunger riots in the Middle East and South Asia last weekend. While bad weather gets the blame for rising prices, the instant price hikes of recent times are largely due to market speculation in a corrupt global food system.
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When South Korea's Daewoo Logistics tried to buy 1.3 million hectares, or one-third, of Madagascar's farmland in 2008, violent protests erupted and the government was toppled. South Korea still has at least a million hectares in long-term leases elsewhere and China 2.1 million ha, mainly in Southeast Asia.

Some of the leases are for 99 years at a one dollar a hectare, but local people are not eligible for the deals being promoted in countries where millions of people remain dependent on food aid.

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