19 Dec '11, 12am

Biofuels not food the biggest driver of 'land grabbing' deals, says report

Biofuels not food the biggest driver of 'land grabbing' deals, says report

Report author Michael Taylor, from the International Land Coalition, says they were surprised by the dominance of biofuels in land grabbing deals. ‘What one would expect is that food would be a bigger driver, because biofuel is largely driven by two factors which can change quite quickly: one is subsidy [...] the other is other is technological change.’ Taylor said that there had also been a rise in ‘flex’ crops in land grabbing deals, which could be used for biofuels or food, such as soya, palm oil and sugar cane. ‘I think some savvy investors are moving towards planting crops that, as the market changes, they can use for whatever they want. At the moment, it looks like energy is maybe more profitable than food, and so it’s biofuel food stock. But, if something changes in the market, they can change it to food.’ After biofuels and food, the other main drivers of land-grab...

Full article: http://www.theecologist.org/News/news_analysis/1169447/bi...

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