Fortunately for nervous rulers, the strategy of growing food abroad as shelter against the fires of revolution dovetails nicely with the goals of private and public capital. Governments drawing on sovereign wealth funds, and rich investors accessing state subsidies, have negotiated deals to acquire tens of millions of acres of farmland in Africa, South America, and South Asia. When they export the food to their home countries, the valuable water used to grow the crops will ride along as a free bonus. The largest investors in foreign croplands hail from China, India, and South Korea, along with Saudi Arabia and other oil-rich Gulf states. What these countries have in common is that all were shaken financially or politically by the 2007–08 food crisis. And all lack sufficient land or water to ensure that they can feed their populations in the coming years.
Fortunately for nervous rulers, the strategy of growing food abroad as shelter against the fires of revolution dovetails nicely with the goals of private and public capital. Governments drawing on sovereign wealth funds, and rich investors accessing state subsidies, have negotiated deals to acquire tens of millions of acres of farmland in Africa, South America, and South Asia. When they export the food to their home countries, the valuable water used to grow the crops will ride along as a free bonus. The largest investors in foreign croplands hail from China, India, and South Korea, along with Saudi Arabia and other oil-rich Gulf states. What these countries have in common is that all were shaken financially or politically by the 2007–08 food crisis. And all lack sufficient land or water to ensure that they can feed their populations in the coming years.
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