Mitchell's Yougawalla Pastoral Company the latest Australian cattle station business to be put up for sale. Foreign corporations have spent some A$63.5 million buying into the sector in the past month.
Sale and leaseback agreements were almost unheard of in agriculture five years ago, but a few major deals recently have put them on the map, according to property group Colliers International.
Australia's agriculture minister, Barnaby Joyce, has defended the government’s newly tightened foreign investment regime before key agricultural industry stakeholders.
Foreign investors own 10% of Australia's agricultural land. But that could soon rise thanks to two huge projects being developed in Northern Territory's Top End with the help of foreign investors.
A partir du 1er mars, acquérir des terres en Australie se complique pour les étrangers: le gouvernement renforce son contrôle des investissements dans le foncier agricole pour répondre aux inquiétudes suscitées par les achats chinois.
California-based Finistere Ventures is in Australia speaking to potential backers after its first close of a new $US150 million venture capital fund. The Finistere II Agtech (agricultural technology) Fund has secured the backing of German giant Bayer CropScience, as well as Canadian investment firm AVAC.
- The Land
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26 February 2015
The tighter restrictions don't apply to buyers from the US, New Zealand or Chile because of their existing free trade agreements with Australia.
The foreign ownership debate in Australia needs to evolve to – or be merged with – a broader debate about the future of the agricultural sector.
- The Conversation
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13 February 2015
China's largest privately owned agribusiness company and the Perich family from Sydney are looking to buy a $100 million dairy in western New South Wales.
- Financial Review
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12 February 2015
Australia's new threshold on foreign investment in agriculture would be cumulative, so someone with a $14m investment would have to seek approval before trying to purchase an additional $1m property.
- The Australian
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11 February 2015
The Coalition has increased scrutiny of foreign purchases of rural land, but how much is currently owned overseas and are the concerns valid?
- Guardian
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11 February 2015
New research reveals grain growers in Western Australia are overwhelmingly supportive of foreign investment.
