Listed Singaporean company QAF, formerly known as Bunge, has sold out its last dairy farm in Australia to the European pension fund-backed ACE Farming for close to $5 million.
Big institutional investors are being encouraged to get a slice of Australia's $1.6 billion market in annual water trading as a way to buy into agriculture.
A consortium hoping to buy dozens of south-west dairy farms aims to operate “on a scale not considered in Australia before,” a spokesman for the consortium says.
- The Standard
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17 October 2014
NGOs have filed a new complaint against Australia’s ANZ Bank claiming it owes compensation to 681 Cambodian families who say their farms were illegally grabbed by a sugarcane plantation the bank helped to finance.
- Cambodia Daily
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09 October 2014
A formal complaint filed to Organization for Economic Cooperation and Development (OECD) against Australian ANZ Bank. The complaint was lodged on behalf of 681 families who were forcibly displaced.
- Inclusive Development
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07 October 2014
Inclusive Development International sent a letter of complaint to the Australian Government outlining how ANZ was a part financier of a sugar plantation in Cambodia which saw almost 700 families forcibly evicted.
The little known Chinese group Orient Agriculture has emerged as the buyer of a south-west Queensland cropping property Undabri for $30 million, in a further sign of China's growing appetite for Australian farmland.
- Financial Review
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06 October 2014
Le président de Kiribati est partisan d'acquérir davantage de terrains à l'étranger, après un premier achat effectué aux Fidji, afin de garantir la sécurité alimentaire du pays et, à terme, de parer à la montée du niveau de la mer.
- Reuters
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22 September 2014
Despite all the hype around Chinese investment in the Australian dairy sector, one Chinese investor who bought a dairy farm five years ago has lost money and will not buy again.
- Financial Review
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22 September 2014
Australia's dairy industry is the new flavour of the month among foreign investors, with global pension funds, food companies and wealthy individuals turning their focus from New Zealand towards Victoria and Tasmania.
- The Australian
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20 September 2014
The chairman of the New Hope Group is a key Chinese partner in the Sino-Australia 100-Year Agricultural and Food Safety Partnership-- an initiative founded by mining billionaire Andrew Forrest
- The Land
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19 September 2014
While Chinese investors, like Ms Qiao, are in Australia looking at farms, an Australian real estate company has headed to China to find buyers for Australian farming properties.