Investment in agriculture is essential to reducing food insecurity and poverty. Since 2008, demand for agricultural land in developing countries has increased sharply. Land is considered to be an attractive asset. In social terms, investments in land have produced mixed results. Such investments have the potential to benefit local communities by giving small farmers greater access to capital, technology, knowledge and markets. They can also deliver macroeconomic benefits such as increased economic growth and agricultural production. However, these projects have often harmed local people by causing them to lose rights and access to their land and other natural resources, which has a negative effect on food security and rural livelihoods.

Most investment in agriculture in developing countries is in settings with weak governance of land tenure and where the prevalence of poverty is high. The Voluntary Guidelines on the Responsible Governance of Tenure of Land, Fisheries and Forests in the Context of National Food Security (“the Guidelines”), which were unanimously endorsed by the United Nations (UN) Committee on World Food Security in May 2012, were created to help these and other countries improve their governance of tenure.

The primary objective of the Guidelines is to reduce food insecurity and poverty. While aimed at governments, the Guidelines also contain important provisions applicable to the private sector. There is particular focus on helping investors pursue their projects in ways that respect legitimate tenure rights and human rights. Increasingly, the Guidelines are viewed internationally as establishing a set of best practices for investment in land, forests and fisheries.

Those who plan and operate their investments in a way that is consistent with the Guidelines can reduce their investment risk and increase the likelihood of realizing a reasonable risk-adjusted return. Such investments are more likely to be successful if everyone – investor, local community and government – benefits. The Guidelines provide a framework for achieving this win-win-win scenario. This technical guide seeks to help investors apply the Guidelines in ways that will help them to play their part in achieving that result.

Historic decision on land tenure adopted by UNCCD COP 14 ​​​​​​​. During a high-level session at the close of the UNCCD COP 14 (United Nations Convention to Combat Desertification Conference of the Parties) in September, a declaration to focus on land-based solutions to combat climate change was adopted. In the declaration, the relevance of the VGGT was reaffirmed for better access, control and stewardship over land and equitable tenure security. It encourages parties to use the principles laid out in the VGGT in the implementation of activities to combat desertification/land degradation and drought.  In closing the session Ibrahim Thiaw, Executive Secretary of the UNCCD, emphasized that the key message to the upcoming UN climate summit in New York was clear, “investing in land, unlocks multiple opportunities.”

FAO was invited to produce a technical guide on integrating the VGGT into the implementation of the Convention and land degradation neutrality, taking into account national contexts for consideration by the Conference of the Parties at its fifteenth session.

Land Tenure. Draft decision. COP 14  
The New Delhi Declaration: Investing in Land and Unlocking Opportunities
UNCCD website