Investment Contracts for Agriculture: practical guidelines

Investment Contracts for Agriculture: practical guidelines

Investment Contracts for Agriculture: Maximizing gains and minimizing risks

Carin Smaller, William Speller, Hafiz Mirza, Nathalie Bernasconi-Osterwalder, Grahame Dixie

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23 June 2015. This joint IISD, World Bank and UNCTAD discussion paper marries two substantial bodies of research to show how investment contracts can be set up to promote sustainable development.

This is derived from empirical evidence gathered by UNCATD and the World Bank after visiting large-scale agricultural projects. The paper then proposes legal options to maximizing the main positive outcomes and minimizing the main downsides through better drafting of contracts between investors and governments for the lease of farmland. This is derived from work conducted by the IISD, which studied almost 80 contracts and produced a guide to negotiating contracts for farmland and water, including a model contract.

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