Many states do not have the necessary laws in place to provide a foundation for investments into farmland, says the International Institute for Sustainable Development (IISD), the international public policy research institute.
These laws should govern the legal instruments to be used, such as a lease, licence or permit, and should govern any issues that arise. Without them there are a range of social, economic and environmental risks.
The IISD Guide to Negotiating Investment Contracts for Farmland and Waters focuses on the options presented by contracts to mitigate some of these risks.
Focusing on long-term farmland leases, the guide has two parts: how to prepare for the negotiations and what the model contract should look like.
IISDÂ contributes to sustainable development by advancing policy recommendations on international trade and investment, economic policy, climate change and energy, and the management of natural and social capital.
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