While Australians fret about how much farmland is being snapped up by foreign investors, our New Zealand cousins have adopted a no-nonsense policy on rural land sales to off-shore investors.
Australia's federal government has set up a working group to assist with the development of a Commonwealth register of foreign owned agricultural land.
Macquarie Group Limited looks to be moving in on more agricultural investments with the launch of a new fund to target dairy farms in Australia.
The Gillard Government (Australia) has announced a working group to consult on the development of a Commonwealth foreign ownership register for agricultural land.
Only a fool would believe Australia's agricultural development could be funded without foreign investment from sovereign wealth funds, according to Trade Minister Craig Emerson.
As Europe's debt crisis rattles global equity market confidence farming is being increasingly championed by many as a sound, long-term bet for investors needing a safe haven for their money - particularly superannuation funds.
Trading as Kimberley Agricultural Investments, it's understood that a Chinese investment group is interested in developing a major sugar industry in the region, as well as a meatworks capable of processing 500,000 head of cattle a year.
The government's plans to make northern Australia into an Asian food bowl with the help of Chinese investment may run into trouble, after a new poll confirmed opposition to foreigners buying the farm.
Qatar’s sovereign wealth fund, with an estimated $100 billion in assets, expects to start exports of grains and wool from Australia as it nears completion of a $486 million farm investment plan
China would invest billions of dollars to transform vast tracts of undeveloped land in northern Australia for farming, under a plan confirmed yesterday by the federal government.
The Chinese Government is seeking less scrutiny of its Australian farm raids. Sources say the Chinese are pushing the issue as part of a planned free trade agreement with Australia.
The agricultural arm of the $US487 billion Teachers Insurance and Annuity Association has snapped up six farming properties from listed company PrimeAg Australia in a deal worth $36.7 million.
