nstitutions including Harvard and Vanderbilt reportedly use hedge funds to buy land in deals that may force farmers out
Harvard and other major American universities are working through British hedge funds and European financial speculators to buy or lease vast areas of African farmland in deals, some of which may force many thousands of people off their land, according to a new study.
Institutions including Harvard and Vanderbilt reportedly use hedge funds to buy land in deals that may force farmers out. These universities are reportedly using endowment funds to make deals that 'drive up food prices and increase the risks of climate change' and may force thousands from their land in Africa. (Photograph: Boston Globe via Getty Images) Researchers say foreign investors are profiting from "land grabs" that often fail to deliver the promised benefits of jobs and economic development, and can lead to environmental and social problems in the poorest countries in the world.
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