'Sustainable Investments' In Farming

Yes, you read it correctly - sustainable investments in farming. Not investments in sustainable farming. The language throughout this short piece could have you believe that the whole thing is a satire until you remember it's just a reflection of the capitalist ethos - profits first; product - whatever can produce a profit; people - to be used as necessary as a part of the process.


The U.S. Overseas Private Investment Corp. and the Multilateral Investment Guarantee Agency announced Monday that they would create a $350 million political risk facility to support agribusiness investments in sub-Saharan Africa.

OPIC will provide the political risk coverage and MIGA will take on 60 percent of the risk of each investment made by the Silverlands Fund, a private equity fund that focuses on agribusiness in several sub-Saharan African countries.
“We are helping Silverlands to mobilize and deploy critically needed new private investment in sub-Saharan Africa’s agricultural sector,” said John Moran, OPIC’s vice president for insurance, in a statement.
The risk coverage is provided under terms and conditions that are preagreed and then tailored to specific investments.
Facilities, like this one — which help reduce risks from political violence, corruption and currency issues — can boost private equity investments in key sectors in emerging and frontier markets.
“We’re very excited about this partnership with OPIC that allows us to further our support to sustainable investments in sub-Saharan Africa’s agricultural sector — an area that is essential for the region’s prosperity and food security,” said MIGA Executive Vice President Keiko Honda in a statement.
The Silverlands Fund plans to reach 500,000 farmers in the next 10 years by investing in agribusinesses that work in parts of the fruit, grains, soy, sugar, poultry and livestock value chains. Those businesses will serve as hubs for local farmers to provide a market, technical assistance and education.

from here