The $US866 billion financial services giant TIAA expects there will be at least $US100 billion invested in timberland operations and agriculture across the world in the next 10 to 20 years
An Australian investment company has joined forces with a leading Chinese bidder for the iconic Kidman pastoral empire.
Pressure is mounting on Australia's superannuation funds to invest in agricultural land as investors protest about the industry's decision not to try and buy Australia's largest landholder S Kidman & Co.
- Financial Review
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07 Mar 2016
Pengxin, a little-known Shanghai real estate developer that owns Theland milk powder, will become the world’s largest private landowner if Australia’s authorities clear its most ambitious bid yet.
- Financial Time
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03 Mar 2016
Australia's deputy prime minister on Tuesday urged the country's A$1.8 trillion (US$1.3 trillion) pension fund industry to boost its investment in agriculture as the sector gears up to meet strong demand from Asia.
The deadline for registration of foreign interests in agricultural land in Australia is fast approaching.
- Lexology
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25 February 2016
There are fresh calls for closer scrutiny of “who owns what” amid concerns baby formula and dairy product prices could soar after Treasurer Scott Morrison rubber-stamped the sale of Australia’s biggest dairy farm to Chinese business interests.
- Herald Sun
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23 February 2016
A Chinese investment firm has won approval to buy Australia's oldest dairy farm, making it the first overseas company to be subject to new rules aimed at ensuring foreign companies pay tax on their Australian earnings.
Mr Hornibrook, who was a former head of Macquarie Agricultural Funds Management, along with some members of his sales team, were found to have extracted sensitive commercial information from a rival fund.
Australian banking giant ANZ has come under fire for its response to a scandal over its financing of a sugar plantation previously linked to forced evictions and child labour in Kampong Speu province.
- Phnom Penh Post
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16 February 2016
Follow up from 2014 Oxfam report "Banking on Shaky Ground – Australia's big four banks and land grabs", asserts that all four banks have failed to ensure the affected communities' rights to food, shelter and a sustainable livelihood were restored.
Almost two years ago Oxfam revealed that Australia’s Big 4 Banks — the ANZ, Commonwealth Bank, NAB and Westpac — are backing agriculture and timber companies linked to land grabs in developing countries.