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During the twenty-first century’s wave of transnational farmland investment, Asian countries contributed to about half of the investment. I therefore address the following major questions: What is the food security situation across Asian countries? What are the factors that drive Asian countries to join the transnational farmland investment movement? I argue that the following four factors give rise to the security problems in the food supply chain of Asian countries: (1) the developmental state model that leads Asian countries to sacrifice agriculture in their home countries; (2) the increases in food demand resulting from accelerated urbanization; (3) an unstable food supply chain causing Asian countries to seek reliable bases of food supply; and (4) food safety concerns that drive Asia to look for better quality farmlands. Today, as transnational farmland investment has become one of the models to maintain Asian countries’ food security, this Asian model is also challenging contemporary global food security governance dominated by Western countries. The changes that it will effect over the course of this arduous process will also inform and shape future research within academia.