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Federal agency deems TIAA’s land holdings in Brazil legally null and void   A technical report by Brazil’s land reform agency INCRA has deemed TIAA’s land titles in Brazil to be legally null and void. This conclusion is discussed in a new report by Rede Social, the Lawyer’s Association for Rural Workers (AATR), and GRAIN. TIAA (The Teachers Insurance and Annuity Association of America) is the largest international farmland investor operating in Brazil’s Cerrado. It invest in rural properties through a complex web of intermediary companies, which includes capital investments in Radar S/A. Radar was originally set up as a joint venture with Brazilian sugar company Cosan S/A. TIAA ultimately holds 100 percent of the preferred shares and has provided 97 percent of Radar’s capital.

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