In recent years, Cameroon has been approached by growing numbers of local and international investors wanting to acquire arable land for large-scale agro-industrial operations. In order to make a realistic assessment of the situation, this study takes a closer look at large-scale land acquisitions by the agro-industrial sector since 2005.
Agricultural investments involving the acquisition of long-term rights over large areas of land in developing countries have been the focus of much debate in recent years. While many have welcomed the renewed momentum for private investment in agriculture, trends towards large-scale land acquisitions raise major social, economic and environmental concerns.
In recent years, there has been a renewed interest in acquiring farmland for agricultural investments in lower-income countries. Whilst such investments can create jobs, improve access to markets and support infrastructure, many large land deals have been associated with negative impacts for local populations, including the dispossession of land and other resources and increased conflict over economic benefits. There is growing evidence on the scale, geography and impacts of large deals.
Agricultural investments involving the acquisition of long-term rights over large areas of land in developing countries have been the focus of much debate in recent years. Many have welcomed the renewed momentum for private investment in agriculture, but trends towards large-scale land acquisitions raise major social, economic and environmental concerns. While calls for more inclusive investment models have multiplied, there is limited understanding of what works and under what conditions.
Concerns about food and energy security, coupled with increasing returns from agriculture, have increased interest in agricultural investments in developing countries. Public debates about 'land grabbing' have questioned the socio-economic impacts of large-scale land acquisitions. There is new interest in business models involving collaboration between companies and communities.
Over the past few years, agribusiness, investment funds and government agencies have been acquiring long-term rights over large areas of land in Africa. Together with applicable national and international law, contracts define the terms of an investment project, and the way risks, costs and benefits are distributed. Who has the authority to sign the contract and through what process greatly influences the extent to which people can have their voices heard.
