UPI: China has just struck a deal to farm 3 million hectares (about 11,580 square miles) of Ukranian land over the next 50 years to feed its ballooning population…
The eastern European country will give up 5 percent of its total land, or 9 percent of its arable farmland, under the deal between China’s Xinjiang Production and Construction Corps (XPCC) and KSG Agro, a Ukrainian agricultural company.
Last year, Ukraine repealed a law barring foreigners from purchasing land. As part of the deal, China’s Export-Import bank has given Ukraine a $3 billion loan for agricultural development… (more)
