Australia

Malaysia’s palm oil giant Kuala Lumpur Kepong Bhd (KLK) has been steadily purchasing farms in Australia’s largest wheat-producing region

As PrimeAg Australia's $125 million sale of rural properties to US fund manager TIAA-CREF goes through, the question now being raised by investors is what will happen to the residual portfolio.

PrimeAg Australia has agreed to sell 60 per cent of its land and water portfolio to US financial services organisation TIAA-CREF for up to $126 million.

The Cairns Mayor says he would support the sale of agricultural land to Chinese investors if it was good for the far north Queensland region of Australia.

In rural Australia, the hyperbole about agriculture as a boom industry for global investors is not translating into practical benefits at the farm gate

Wilmar has flagged the purchase of another 778 hectares of land in the Burdekin region south of Townsville, Australia as part of its campaign to lock up as much supply as possible.

China's sovereign-wealth fund is one of three large funds vying to take a stake in Australian dairy company Van Diemen's Land Co.

A Swedish pension fund has become the latest of a series of purchasers of Australian farmland, a buying spree which has fuelled public concerns, and raised discussion over curbs on foreign ownership.

TIAA-CREF's Westchester group buys 17,200 ha Cobran Station, once Australia's largest rice farm, while Sweden's Forsta AP-fonden buys the 16,000 ha Merri Meric farm near Henty.

“When things are mortgaged up to the hilt and the banks are involved then it’s either bank ownership or foreign ownership,” says South Australian sheep farmer Brian Wilson

WA Australian Agriculture Minister Terry Redman can't shed light on reports a Chinese agricultural giant could buy up to $4 billion worth of prime farmland after snapping up some 30,000 hectares in the past month.

A campaign to block foreign ownership of Australian farmland until a national interest test has been conducted has received the backing of the Australian Greens and some Independents.