Thursday, June 2, 2011

China in Argentina land acquisitions

"The attraction to the Chinese of access to an area of land in Patagonia larger than Cornwall is obvious. As China's economy grows and its population becomes more urbanised, diets are changing rapidly. People are eating more industrially produced meat and dairy products, and buying more processed foods.
Soya is the feedstock for this revolution, but demand for it can no longer be met within China. So the Chinese state-owned agribusiness company Beidahuang has joined the global scramble for land and water that has accelerated since food prices spiked in 2008.
Last year it was confirmed that the company had signed an agreement, with the government of Patagonia's Río Negro province, which provides the framework for it to acquire up to 320,000 hectares (790,000 acres) of privately owned farmland, along with irrigation rights and a concession on the San Antonio port."

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