The Actions of Large Companies
The link between land grabbing and poverty is growing and has become a big issue. Major companies, such as the Teacher’s Insurance and Annuity Association of America College Retirement Equities Fund (TIAA-CREF or TIAA), are buying multiple acres of land at exceedingly high prices. This, in turn, raises the prices of rent above what nearby family farmers can afford to pay. In Brazil, the TIAA has ownership of over 600,000 acres of land. The company also has a stake of over $400 million in Malaysian and Indonesian palm oil, which has displaced established communities of indigenous people in addition to several endangered species.
Who Owns the Land?
There have been many demonstrations to try and combat the act of land grabbing. Grassroots International has started a petition to end land grabbing. There are also The Tenure Guidelines that have the intention of ending global poverty through tenure rights and land access. Policies within these guidelines would give land rights to the person who has owned the land the longest, ensuring that those who depend on the land for their livelihoods can continue to use it. In Africa, 29 women farmers climbed Mount Kilimanjaro, the country’s tallest mountain, to raise awareness about the issue. The climbers met 400 fellow women farmers at the base of the mountain to help raise awareness about secure land rights and guarantee the farmers access to local and global markets.
– Destinee Smethers