Keep farms Kiwi: Fonterra
- Business Day
- 18 November 2010
New Zealand's need for overseas capital does not mean giving away control or ownership of farms, says Fonterra chairman.
New Zealand's need for overseas capital does not mean giving away control or ownership of farms, says Fonterra chairman.
New Zealand’s main opposition Labour Party will tighten restrictions on overseas purchases of the country’s assets if it is elected to government next year.
Preocupado por eventuales compras de suelos agrícolas por parte de empresas estatales foráneas, el Gobierno de Nueva Zelanda anunció que tomará medidas para evaluar mejor los proyectos de inversión que se presenten en el país
Cash-rich Chinese and Japanese food companies are thought to be the only potential buyers with enough money to risk sinking into New Zealand's biggest pipfruit business, Mr Apple, to be put on the market by South Canterbury Finance receivers.
The approved sale of a large Otago dairy farm to Harvard University in the United States is not in New Zealand's long-term interests and shows a lack of clear and strong rules on foreign ownership of NZ land, says Labour.
An American university is buying a New Zealand dairy farm for more than $28 million as officials and would-be overseas investors get ready for new rules.
New Zealand's Federated Farmers is welcoming the purchase of a big slice of farmland in central Otago by Harvard University for $34.1 million.
Richard Fyers, a commercial lawyer with the NZ China Trade Association, writes about the fuss made over land sales to foreigners.
Emirates Investments Group is looking to buy food and agricultural assets in Australia and New Zealand as global demand climbs, CEO Raza Jafar said.
New Zealand tightened rules for major international purchases of farmland and will now require buyers to show how an acquisition benefits the nation’s economy.
Le gouverneur de la Banque centrale de Nouvelle-Zélande a émis quelques réserves lundi à propos du rachat par des entreprises étrangères, et notamment chinoises, de terres agricoles néo-zélandaises
New Zealand's government announced on Monday it will place new controls on overseas investors buying large land holdings.
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