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The 1.3 million hectare agricultural project planned in Madagascar by South Korean company Daewoo Logistics exemplified the risks of large-scale land acquisition for local people, governments, and investors alike. It also highlighted issues associated with agricultural investments of this type in terms of economic growth, equity, and social cohesion. However, despite the failure of this project and the new political context in Madagascar, the flow of agricultural investments continues. What regulations are available to govern such projects? asks the Madagascar Land Observatory.