A new vision for agriculture
momagri, movement for a world agricultural organization, is a think tank chaired by Christian Pèes.
It brings together, managers from the agricultural world and important people from external perspectives,
such as health, development, strategy and defense. Its objective is to promote regulation
of agricultural markets by creating new evaluation tools, such as economic models and indicators,
and by drawing up proposals for an agricultural and international food policy.
A look at the news

When land purchases in Europe rhyme with financialization of agriculture

June 9, 2014

Obviously, the African continent does not have the prerogative of agricultural expansion strategies by foreign agricultural powers. Europe and especially France are greatly coveted by nations such as China and Russia, and by pension funds. This raises some fears about the transparency and regulation of rural markets and family farms, if French agricultural products produced by these investors were exclusively ending up outside of French soil.

The SAFER––the French organization with the right to buy land in order to retain it for agricultural use––has been sending out alarm signals: The French food sovereignty is at risk and the situation requires emergency guidance. Within a three-year period, the Chinese have purchased 96 wine producers (or châteaux) out of the 7,000 included in the Bordeaux region vineyards. Over ten years, the ratio of land acquired by farming companies increased to 9.2 percent from 2.6 percent, without the possibility of verifying the identity of stakeholders. Elsewhere in Europe, such as in Romania, an increasing number of farms are taken over by funds from the United States or Arab Gulf nations, in the name of the liberalization of Romanian agricultural land trade.

As a result, the regulatory authority for rural land demands a change in the next legislation for the future of agriculture to achieve more transparency and regulation for such transactions.

In the end, this trend is most of all a symptom of “dis-agriculturization”, whose land purchases are not by far the only indicator. Behind this trend is a more serious issue. It corresponds to the crisis of the agricultural model, which, under uncontrolled liberalization and subject to speculative distortions, might impact real estate in the future.

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Paris, 16 June 2019