Harvard fund evades justice in land-grabbing case over Cerrado farm

  • In September, the court in Brazil’s Bahia state ruled that a company in which Harvard University’s endowment fund was invested had illegally acquired the land for a large farm in the Cerrado grasslands.
  • The Gleba Campo Largo farm, spanning 140,000 hectares (346,000 acres), has for years been the focus of violent land disputes.
  • The farm’s registered owner is Caracol Agropecuária Ltda., a company that the Harvard Management Company is believed to have poured an estimated $59 million into over the course of about a decade.
  • The Harvard Management Company, which fully divested from Caracol in June 2019, told Mongabay it “does not have and has never had any ties to Caracol.”

On Sept. 8, a court ruling shook up an old land conflict in Cotegipe, in the Brazilian Cerrado grasslands. That was when the 3rd Civil Chamber of the Bahia state Court of Justice ruled that Caracol Agropecuária Ltda., a

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