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In the Global South, there is a push to drive agricultural modernisation processes through private sector investments. In West African drylands, land concessions are required for such agri-businesses are often negotiated through customary authorities, and inject large amounts of money into localised rural systems with low cash bases. The article argues that such transactions serve to increase area under crop cultivation on an inter-seasonal basis, as financial spill-overs allow for farmers to purchase larger quantities of agricultural inputs and prepare larger tracts of land. Simultaneously, such direct and indirect cash flows also result in larger local herd sizes and an increase in the number of locally-owned cattle, as cash is exchanged for cattle, largely regarded as an interest-accruing, savings buffer. Larger herd sizes, in turn, attract Fulani pastoralists in search of employment as contracted herders for local cattle owners. Taking Integrated Water and Agricultural Development (IWAD), a private sector, large-scale irrigation initiative in northern Ghana as a case study, the article argues that there is an inevitability of the pathway, which leads from large-scale land acquisitions in West-African drylands, to an increase in conflict (and/or the risk thereof) between sedentary and Fulani pastoralists.