Financial Times FT.com

Welcome fades for wealthy nations

By Javier Blas in London

Published: November 20 2008 01:06 | Last updated: November 20 2008 01:06

The initial welcome given to rich countries’ investment in African farmland by agricultural and development officials has faded as the first ventures prove to be heavily weighted in favour of the investors.

The United Nations Food and Agriculture Organisation warned of such a trend when it said this year that the race to secure farmland overseas risked creating a “neo-colonial” system.

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