Australia Welcomes Korean Investment in Agriculture
- Korea Times
- 08 June 2008
"If Korea wants to invest in agriculture, Australia is open for business," Australian Ambassador to Seoul Peter Rowe said in a recent interview with The Korea Times.
"If Korea wants to invest in agriculture, Australia is open for business," Australian Ambassador to Seoul Peter Rowe said in a recent interview with The Korea Times.
China's fast-growing farm corporations may be the next wave of Chinese investors in Australia, joining their already influential mining comrades.
The worldwide food shortage has spurred enthusiasm among Chinese enterprises to invest in overseas agriculture sectors. South America and Russia are likely to become the new destinations for agricultural investments from China.
Hedge funds and investment banks are swapping their Gucci for gumboots as they bet on rising food prices by buying farms.
Agricultural land trusts and corporate players may take a bigger chunk of Australia's arable land with global market dynamics making rural land purchases more attractive investments.
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