According to a few under-the-radar reports, Korea’s industrial conglomerate Daewoo has just completed a deal with Madagascar for a 99 year lease of an area half the size of Belgium (about 1.3 million hectares). While complete terms of the lease are not yet available, the total price is: NOTHING.
The initial plan is to plant maize and palm oil for export to South Korea. The benefit to Madagascar of losing a little over half of their arable land would be the anticipated employment opportunities for farmers and other locals.
According to a Daewoo spokesperson:
We want to plant corn there to ensure our food security. Food can be a weapon in this world,” said Hong Jong-wan, a manager at Daewoo. “We can either export the harvests to other countries or ship them back to Korea in case of a food crisis.
You know, just 10 years ago, few vacations sounded as thrilling to me as an "eco-vacation." Maybe two weeks in a rustic part of Costa Rica on the lookout for wild scarlet, green-wing and blue-and-gold macaws squawking in the trees, flocking to claylicks or just soaring through the warm, moist tropical air from one spot to another. Or, though I’m not the cold-weather-type, cruising along the Alaskan coast to drink in the [...]
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