Thirty-two bidders registered for the auction of a massive land located 20 miles west of Lincoln Nebraska; more than 100 attended the April 30 sale. Not surprisingly, the winning bidder was a Californian landowner due to the high cost and dry land in California.
But why people recently bid on lot of lands ? Land is power, land is wealth, and, more importantly, land is about race and class. The relationship to land – who owns it, who works it. Like wealth, land ownership is becoming concentrated into fewer and fewer hands, resulting in a greater push for monocultures and more intensive industrial farming techniques to generate greater returns.
One per cent of the world’s farms control 70% of the world’s farmlands. The biggest shift in recent years from small to big farms was in the US.
