Why agricultural investment ‘principles’ must be buried

Author: Rahul Goswami, in Pambazuka, Published on: 5 February 2014

The Food and Agriculture Organisation (FAO) of the United Nations will in 2014...advocate principles concerning what are called ‘responsible agricultural investments’. The...principles...are expected to promote investments in agriculture that contribute to food security and nutrition, and which support the realisation of the right to food...While the principles are intended to provide practical guidance...they will be voluntary and will not be binding upon their signatories...[T]he negative consequences that accompany investment are left undefined and therefore weak as a countervailing argument. Investment made to acquire land, to pursue industrial agricultural techniques (in contrast to policies and programmes that support smallholder cultivation), and which - experiences of the last three decades have shown – have deepened income inequalities while making those vulnerable to food scarcity and food price volatility even more so. [refers to Cargill, ADM-KuckWilmar & Synergy]

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Related companies: Archer Daniels Midland Cargill