Thursday, May 30, 2013

To feed itself, China buys up farms worldwide

Chinese companies have been increasingly investing in farmland and agricultural operations around the world. Some examples:

Australia: China’s Beidahuang Group announced last year plans to buy some 250,000 acres in Western Austalia to grow wheat for export to China.

New Zealand: The purchase of about 20,000 acres of dairy farms in 2012 by Chinese companies has spurred calls for limits on foreign investment in land.

Argentina: Various Chinese companies have purchased land in recent years to grow corn, cotton, and soybeans.

Cambodia: Wuzhishan, a Chinese timber company, obtained 780,000 acres through a joint venture with Cambodian company Pheapimex

Brazil: In 2008, Chongqing Grain Group started growing soybeans in the Brazilian state of Bahia. Today, about 20 million tons of soybeans are exported to China.

Indonesia: China’s Tianjin Julong Group has purchased about 250,000 acres on Kalimantan Island for production of palm oil

Mozambique: Chinese investors announced in 2012 plans to invest $250 million in agricultural projects in the Limpopo Valley

East Africa: The China-Africa Cotton Corporation has enlisted 200,000 farmers to grow cotton in Zambia, Malawi, Mozambique and Tanzania 


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