China's most powerful agricultural company Beidahuang Group, BDH, has made offers on a number of farms in the state's south west, amounting to about 80,000 hectares of land.
Australian farmer Doug Clarke says farmers should not be criticised for making a commercial return from selling their farms to Chinese investors, if the government’s current rules and regulations allow it.
China's most powerful agricultural company, Beidahuang Group, is looking to acquire 80,000 hectares of Western Australia farmland, with several farmers on the verge of signing.
Agricultural analyst at Citi Investment Research, Tim Mitchell, recently calculated that "rural raiders" from overseas had spent "well in excess of $12 billion" over the past four years on Australian agribusinesses and farms.
The Western Australian Farmers Federation has concerns that Chinese companies are considering buying farms (80,000 ha) across WA's Great Southern and South West.
A number of growers in the Great Southern have been approached by a prominent Chinese company with offers to buy farms.
Farmers have urged the state government to establish a register that would list Victorian farms that have been bought by foreign owners. The call comes as concerns grow over the level of foreign ownership of Australian farms and over the control of productive food resources.
Outback Australian farmers - hardened from dealing with extreme weather, fires and pests - now have to wrestle with modern trading tools and technology after a tough day tilling the land as they adapt to the rigors of a deregulated market.
Chinese companies could be encouraged to invest in Australian agricultural businesses instead of buying up farms under a new foreign investment model based on the practice in the mining sector.
Hassad plans to spend $US350 million ($318 million) in Australia to secure food supplies for Qatar, which imports 95 per cent of its food.
Australians do realise the value of what is being sold, a land agent and rural property specialist said, "but their hands are tied because they can't raise the money".
Community agitation grows as farmers feel threatened in New South Wales
