Foreign investment in Mali's arable land jumps by 60% { harvard in mali?}

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http://www.guardian.co.uk/global-development/2011/nov/17/foreign-investment-mali-land-report

Foreign investment in arable land in Mali increased by 60% between 2009 and 2010, says a report published on Thursday to coincide with the first international farmers' conference to tackle the global rush for land.

The report, by the US-based Oakland Institute and the Malian national farmers organisation, estimates that more than 544,500 hectares of Malian land have been leased or were under negotiation for lease by the end of 2010. The bulk of these land deals – covering an area the report says could sustain more than half a million small farmers – were negotiated by just 22 foreign agri-investors. Less than 5% of west Africa's largest country is fertile.

Mali has been at the centre of agri-investor interest and farmer resistance to the largescale deals that have sparked growing concern from international aid and development organisations.

"Corporations, fund managers and nations anxious to secure their own future food security have sought and secured large landholdings for offshore farms or speculation," says the report, noting that the food and fuel crises of 2008 appear to have jump-started the rush to acquire farmland across Africa. The report updates a study produced by the Oakland Institute earlier this year, which showed Harvard and other major American universities were key emerging investors in the continent's farmland.