An insightful article released yesterday by a prominent Portuguese newspaper shed light on the burgeoning interest of international funds in the agricultural sector of Portugal:
First and foremost, it's important to note a significant development that took place in November 2021: a report featured in Portugal's prominent weekly newspaper underscored a growing trend—the increasing demand for agricultural land by international investment funds.This unprecedented surge has driven prices to new heights, with increases exceeding 2000% https://pacheco-torgal.blogspot.com/2021/11/expresso-procura-por-fundos.html
Furthermore, I argue that the motivation behind these funds isn't solely driven by the 10.7% return. Numerous industries promise higher returns. Instead, it's the considerable profits foreseen from exporting agricultural products to regions where population growth aligns with dwindling arable land. https://www.iagrm.com/content/56d6eb58b733e1.32805811.pdf In the span of only four years (from 2018 to 2022), the export of Portuguese agricultural products surged by an impressive 45%, soaring from 6.1 billion euros to 8.9 billion euros.
In the long run, there is significant potential for astronomical profits, as outlined in an article by researchers from the University of Cambridge, published a year ago in the scientific journal Futures. This research paints a catastrophic scenario, projecting nearly 6 billion deaths from hunger by 2100. Even prosperous and technologically advanced countries like Australia, ranked among the wealthiest, could potentially experience nearly 850,000 deaths https://www.sciencedirect.com/science/article/pii/S0016328723000770
PS - I firmly believe that the significant implications revealed in the aforementioned study necessitate a revisit of the prior post dated March 26th titled "Carbon Manslaughter: The Case Against the Super-Rich" https://19-pacheco-torgal-19.blogspot.com/2024/03/the-noxious-individuals-in-our-midst.html
