Brazil intends to prohibit sovereign fund to buy farmland

【"Finance" Syndicated news reported】 recently, according to foreign media reported that the Brazilian is preparing to the introduction of laws and regulations, to prohibit foreign governments, state-owned companies and speculators purchase of farmland, but the "real" private sector investors not in the restrictions of the column.

Brazil is the world's most important major agricultural country one of the. Due to fears foreign government are being emerging-market wrest farmland in order to strengthen its own food security, Brazil last year, severely limits the by foreign countries against their national farmland's everything new investment. Agriculture Minister Wagner · Rossi said that with the global food prices In the February reached a new high, the Brazilian eager to in the to continue to screened out the unwelcome of the "sovereignty investor" (ie, foreign government owned entities) the same time, to attract pairs of of the agricultural sector new investment, in order to increase Brazil In the all over the world agricultural exports in the of the share.

Rossi said: "While we need to properly identify the speculators and the threat of sovereign funds, on the other hand to pick out the good projects to foreign investors. "

According to the British "Financial Times" reported on the 6th, said Brazil is the ability to increase production to serve an increasingly hungry world to provide food for one of the few countries in the world, but its agricultural sector requires a huge domestic and foreign investment can play all the potential.

Reported that, after seeing China, Korea and the Gulf States and other foreign governments in Africa and elsewhere buying farmland in order to improve food security, the Brazilian government last year to reinterpret the law to restrict foreign farmland investment.