“…First, the sources of capital for foreign direct investment in the food-feed-fuel complex are more varied then before, including private investors that have not otherwise specialized in agriculture and sovereign wealth funds or stateowned enterprises from emerging developing countries. Second, current land grabs are taking place in the context of a broader shifts in the agrifood industry where deregulated global trade, financialization, and advances in biotechnology and production methods are rapidly reorganizing the sector, precipitating a decline of the relative power of traditional agrifood corporations such as Cargill in favour of retailers such as Walmart and agrifood transnationals from the Global South (e.g., Brazil's JBS now boasts the status as the world largest producer of beef) (Clapp and Fuchs, 2009;Hopewell 2012;McMichael 2012). Third, there is an upswing in interest in direct foreign investment in land as a new asset class, notably by new actors such as private and public (i.e., national) pension funds estimated to be over $US 5 billion (GRAIN, 2011(GRAIN, : 2012.…”