In Ethiopia, large scale land investments have been expanding into pastoral regions. However, little is known about the consequences of these investments on the food security of the pastoral community. Using Living Standard Measurement Survey data of the World Bank, we find that, on average, about 32% of the respondents from the (agro-)pastoral regions are food insecure. After controlling for confounders, proximity to large scale land investments is associated with additional food intake of up to 745 kcal per day per adult compared to the households located farther away from a large scale land investment. Proximity to large scale land investment has no significant effect on the coping strategies based food security. For households located in proximity to a large scale land investment, food intake significantly increases with access to roads and markets. Proximity to a large scale land investment has a positive effect on household food consumption not necessarily because of direct benefits from large scale land investments, but due to land and soil quality near the large scale land investments.