Ukraine for sale: China buys Ukrainian farmland

By in

Ukraine for sale!Ukraine is selling 3 million hectares (7.4 million acres) of farmland to China, which would make it China’s largest overseas farming centre as China strives to keep pace with rising food demand. China’s official Xinjiang Production and Construction Corps has signed an agreement with Ukrainian agricultural firm KSG Agro, which would see Ukraine provide 100,000 hectares to China. According to the South China Morning Post, that would eventually rise to 3 million hectares. Chinese experts say that limited land and low productivity are the reasons why China must expand its overseas farming to ensure sufficient food supplies. China’s overseas expansion in agriculture has raised some concern. In June Australian politicians called for greater scrutiny over farm purchases by foreign buyers. Chinese investors bought up Australia’s biggest cotton farm in 2012.