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Bucharest
March 2, 2021
BUSINESS

Media: Farmland market liberalisation, a threat for Romania

Romania’s natural resources became the object of greedy and massive investments. As of 2014, the market of agricultural lands will be liberalised, so Romanians might lose their farmland to foreigners, evz.ro comments. “In Romania, farmland is acquired for various purposes, which include the development of industrial farming, mining, energy, tourism, water resources management, and even reselling it for a profit. It has been reported that 800,000 hectares of agricultural land, representing 6 pc of the country’s agricultural surface, are controlled by foreign corporations. Apparently, their purpose is to take over the farmland in order to enjoy the subsidies provided under the Common Agricultural Policy. Half of subsidies were paid in 2012 to 1 pc of farmers, all of them having farms of more than 500 hectares,” finds a report on ‘Land concentration, land grabbing and people’s struggles in Europe,’ released by the Amsterdam-based international center for progressive policies ‘Transnational Institute.’ Large-scale deals with land are not advantageous for Romanians, reads the document. On the contrary, they accelerate the concentration of land under the control of few players, thus blocking the access of most Romanian families to land and threatening the food independence of the country.Profiteering, land concentration and the productiveness of farmland might raise the prices of Romanian agricultural properties from the current level of 1,000-5,000 EUR/ha to 8,000-10,000 EUR/ha, the average prices in Europe.

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