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The truth about corporations taking over Ukrainian agricultural lands | Ill Manifesto - June 3, 2022 |

The Corporate Takeover of Ukrainian Agriculture | July 28, 2014 |

In Walking on the West Side: the World Bank and the IMF in the Ukraine Conflict, a report released in July 2014, the Oakland Institute exposed how international financial institutions swooped in on the heels of the political upheaval in Ukraine to deregulate and throw open the nation's vast agricultural sector to foreign corporations.

This fact sheet provides details on the transnational agribusinesses that are increasingly investing in Ukraine, including Monsanto, Cargill, and DuPont, and how corporations are taking over all aspects of Ukraine's agricultural system. This includes circumventing land moratoriums, investing in seed and input production facilities, and acquiring commodity production, processing, and transportation facilities.

ACQUISITION OF AGRICULTURAL LAND

Ukraine is a country with rich agricultural potential. It is home to over 32 million hectares (ha) of fertile, arable land.5 This is equivalent to one-third of the entire arable land in the European Union.6 Agriculture is also a significant player in Ukraine's economy. It accounts for eight percent of the country's GDP and 17 percent of its employment. In addition, Ukraine is the third-largest exporter of corn and fifth- largest exporter of wheat in the world.

Ukraine's agricultural land is currently under a moratorium that bans its sale until January 1, 2016. Despite this moratorium, at least 1.6 million ha of Ukrainian agricultural land is currently in foreign hands. According to several reports, just 10 large agribusinesses control as much as 2.8 million ha.

What Do the World Bank and IMF Have to Do with the Ukraine Conflict?

'Sapere aude'

by Oui (Oui) on Tue Aug 9th, 2022 at 10:29:11 PM EST

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