Private Sector Responsibilities in Agriculture under the VGGT
Darryl Vhugen
FAO has commissioned a series of technical guides to assist those wishing to adopt and implement the relevant provisions of the Voluntary Guidelines on the Responsible Governance of Tenure (VGGT). This paper is an abbreviated version of one of the newest of those guides, one aimed at financial investors in the private sector. Entitled, ?Responsible Governance of Tenure: A Technical Guide for Investors,? the guide is intended to help investors act with due diligence to achieve socially responsible and financially sustainable investments in agricultural land. The guide recognizes that, while even the best project may elicit criticism, investors who evaluate, structure, operate and monitor their investments in a way that is consistent with the VGGT are likely to create projects that do no harm, maximize benefit-sharing and yield a reasonable return on the investment. This is part of a broader objective of promoting land-based investments in agriculture that are more likely to benefit all stakeholders ? investor, local community and government. The technical guide can be found at http://www.fao.org/3/a-i5147e.pdf.
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