Chinese investment in Australian farms increased 10-fold in the past six months, as buyers see opportunities in agriculture. “Chinese are wealthy and they are looking for a secure investment in beef, cotton and grain properties, ” said John Burke, an agent for Elders Ltd.
But company says it does not want to tarnish Saudi Arabia's image by buying farmlands abroad
Macquarie Agricultural Funds Management has started up the Macquarie Crop Fund to "acquire or lease grain and oilseed properties located in geographically diverse regions of Australia and Brazil".
Investors are growing more bullish on U.S. farmland as softness in some sectors spurs increased competition for buying quality acres. Capital flow is increasing from overseas, in particular from Europe, Asia and the Middle East.
Peluang Investasi di Pertanian dan Peternakan
Qatar-based Hassad Food has initiated its investment in Australian agriculture with the purchase of the prized Kaladbro Estate in far western Victoria.
- Australian Financial Review
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08 Mar 2010
Saudi Arabia, along with Abu Dhabi and Kuwait, want to buy more than $1 billion worth of Aussie farmland in a 21st century land grab.
- Daily Telegraph
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07 Mar 2010
Human rights workers said risks to the rural poor over such deals are significant because they are regularly evicted to make way for foreign investors.
Swedish Count Carl Gustav Wachmeister bought 3,310 ha in Victoria State, Australia
- The Standard
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28 January 2010
Peter Costello, the former treasurer of Australia, revealed Wednesday he was working with an investment fund that planned to inject US$600 million into Cambodia’s agricultural sector. The projects will cover a vast area, about 100,000 hectares.
- The Phnom Penh Post
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21 January 2010
Some of the world's biggest sugar players, including Brazil's Cosan, New York-listed Bunge and privately held US multinational Cargill, might join China in the race for CSR's sugar division
- The Australian
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15 January 2010
Glencore's agricultural interests include 300,000 hectares of land in Australia, Kazakhstan, Paraguay, Russia and Ukraine.
- Agrimoney
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24 December 2009