Shanghai Pengxin receive offers for 'legitimate' farm sale
- Stuff
- 28 July 2015
Bidders have made offers for what Shanghai Pengxin says is the "legitimate" sale of its dairy farms - the former Crafar farms - in south Waikato, New Zealand.
Bidders have made offers for what Shanghai Pengxin says is the "legitimate" sale of its dairy farms - the former Crafar farms - in south Waikato, New Zealand.
A bill aimed at limiting the sale of rural land to overseas investors failed to make it past the first stage when it was introduced in Parliament last night.
New Zealand MP Phil Goff admits Labour government got it wrong selling land to foreigners.
Shanghai Pengxin's decision to restructure its New Zealand farm assets means the company has to go back to the Overseas Investment Office to gain new consents to run its farms.
The sliding dollar is sweetening Australia's appeal as an agricultural investment destination ripe for overseas companies and fund managers, particularly from North America and Europe.
PGG, which is half owned by Agria Corporation of China, purchased 50% of Uruguay seed producer and farm servicing company Agrocentro Uruguay.
New Zealand dairy giant will launch a fund that will pool capital from investors such as sovereign wealth funds and pension funds to invest in land and fixtures of dairy farms through a farm-owning entity.
The New Zealand farm group arm of the Shanghai Pengxin Group owned by Chinese billionaire Jiang Zhoabai says it plans to double its $500 million of local assets within the next five years.
Les investissement chinois dans l'agroalimentaire montent en puissance. Objectif: assurer l'indépendance alimentaire du pays.
Billionaire Englishman Stephen Diggle wants to put his wealth in land assets around the world and has bought New Zealand’s largest avocado orchard.
International funds want to invest in New Zealand farming as part of the global trend to secure food production for emerging Asian economies
Americans were the biggest buyers of New Zealand land in the past five years, although buyers from China topped the list in 2014.
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