Continued 'Financialization' of Agriculture
Killing and burying farmers as a means of "Going long on agriculture and water" in the Ukraine
A striking instance of ‘urban-barbarian’ opportunistic macro-aggression against yet another rural population is described in the May 13th,2023, article entitled, “Sowing Seeds of Plunder: A Lose-Lose Situation in Ukraine”:
“Professor Olena Borodina of the National Academy of Sciences of Ukraine says:
Today, thousands of rural boys and girls, farmers, are fighting and dying in the war. They have lost everything. The processes of free land sale and purchase are increasingly liberalised and advertised. This really threatens the rights of Ukrainians to their land, for which they give their lives.”
Borodina is quoted in the February 2023 report by the Oakland Institute War and Theft: The Takeover of Ukraine’s Agricultural Land, which reveals how oligarchs and financial interests are expanding control over Ukraine’s agricultural land with help and financing from Western financial institutions.
…The report shows the total amount of land controlled by oligarchs, corrupt individuals and large agribusinesses is over nine million hectares — exceeding 28% of Ukraine’s arable land (the rest is used by over eight million Ukrainian farmers).
The largest landholders are a mix of Ukrainian oligarchs and foreign interests — mostly European and North American as well as the sovereign fund of Saudi Arabia. A number of large US pension funds, foundations and university endowments are also invested in Ukrainian land through NCH Capital – a US-based private equity fund, which is the fifth largest landholder in the country.”
…Much of what is happening in Ukraine is part of a wider trend: private equity funds being injected into agriculture throughout the world and used to lease or buy up farms on the cheap and aggregate them into large-scale, industrial grain and soybean concerns. These funds use pension funds, sovereign wealth funds, endowment funds and investments from governments, banks, insurance companies and high net worth individuals (see the 2020 report ‘Barbarians at the Barn‘ by Grain.org).”