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China’s hungry for Farmland

31 May

The $7 billion agreement signed last month — to produce six million tons of soybeans a year — is one of several struck in recent weeks as China hurries to shore up its food security and offset its growing reliance on crops from the United States by pursuing vast tracts of Latin America’s agricultural heartland.

Even as Brazil, Argentina and other nations move to impose limits on farmland purchases by foreigners, the Chinese are seeking to more directly control production themselves, taking their nation’s fervor for agricultural self-sufficiency overseas.

via China’s Interest in Farmland Makes Brazil Uneasy – NYTimes.com.

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Posted by on May 31, 2011 in economy, food, trends

 

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