About 70.2 million hectares of agricultural land worldwide have been sold or leased to private and public investors since 2000, according to this article from the Worldwatch Institute. The bulk of these acquisitions, which are called 'land grabs' by some observers, took place between 2008 and 2010, peaking in 2009. Although data for 2010 indicate that the amount of acquisitions dropped considerably after the 2009 peak, it still remains well above pre-2005 level. Africa has seen the greatest share of land involved in these acquisitions, with 34.3 million hectares sold or leased since 2000.