Iowa-based investor Bruce Rastetter and fellow investors in the industrial agricultural corporation AgriSol Energy http://media.oaklandinstitute.org/land-deals-africa/agrisol-energy-llc have their sights on 800,000 acres (325,000 hectares) of land in Tanzania that is home to 162,000 people.
The proposed site is inhabited by former refugees from neighboring Burundi. Most of the residents, several generations of families who have successfully re-established their lives by developing and farming the land over the last 40 years, will be displaced against their will. They will lose their livelihoods and their community. Once they are gone, Agrisol Energy will move in.
Despite rising international criticism of the proposed plan to evict the residents in the proposed lease areas for foreign investors, the Tanzanian government plans to move forward with the project.
AgriSol has promoted this large-scale land acquisition as a project to transform Tanzania into a “regional agricultural powerhouse” by combining the country’s abundant agricultural natural resources with “modern” farming practices, including the use of genetically modified crops. Unfortunately, AgriSol’s plans–which include seeking Strategic Investor Status from the Tanzanian government that would grant them tax holidays and other critical investment incentives (including waiver of duties on agricultural and industrial equipment supplies, export guarantees, and certainty for use of GMO and Biotech and production of biofuels), while generating tremendous profit for the investors -will do little, if anything, for Tanzanians. On the contrary, it is likely that if this land deal goes ahead it will set a precedent for future land rights abuses.
More details can be found in the Oakland Institute Brief, AgriSol Energy and Pharos Global Agriculture Fund’s Land Deal in Tanzania (http://media.oaklandinstitute.org/land-deal-brief-agrisol-energy-and-pharos-global-agriculture-fund%E2%80%99s-land-deal-tanzania).
We fear that this project could move quickly forward unless the Tanzanian government and the US investors realize that the world is watching.
We Need Your Help Today to Make Sure That Won’t Happen
Please Send a Message to Bruce Rastetter, Other Principle Investors, and the Prime Minister of the United Republic of Tanzania
Join The Oakland Institute in Holding AgriSol Energy Accountable
Send them the message that proceeding with their plans is not “socially responsible agricultural investment”
www.oaklandinstitute.org
