New Report from GRAIN Exposes TIAA-CREF Land Grabs in Brazil

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Tonight the Sao Paolo desk of the New York Times posted an article about a new report from GRAIN indicating that the New York-based investment firm known as TIAA-CREF has invested hundreds of millions of dollars from pension funds in Brazilian farmland. As GRAIN states, “Aside from these apparent violations of Brazilian legislation, our investigations show that TCGA’s investments in Brazilian farmland are contributing to a larger process of land speculation and expansion of industrial agriculture plantations that are fueling land grabbing, environmental destruction, labour exploitation and numerous social and health calamities across rural Brazil.” The National Family Farm Coalition was one of several organizations contributing to this effort.

GRAIN’s report may be read and downloaded from https://www.grain.org/article/entries/5336-foreign-pension-funds-and-land-grabbing-in-brazil