Australia

Gulf risks animosity with land grab deals

Gulf states buying farmland in developing nations for food security face the risk of damaging their reputation as international investors as the deals are seen as land grabs, a Rothschild executive said yesterday.

Food security fears drive fund farm investments

The emergence of the farmland asset class is not without pitfalls with the provision of food always highly political and a tentative global economic recovery potentially threatened by the H1N1 flu pandemic, fund managers said.

Other countries could grow their own crops here

Greg Mason, from the Queensland Department of Primary Industries, says countries and regions facing 'peak water' like China, India and the Arab states are looking to solve food shortages by growing crops in places like the Ukraine and Australia.

Rabobank exec sees recovery, change for farm sector

Despite criticism for Chinese efforts to acquire large-scale farmland in Africa, China is seen continuing to aggressively pursue acquisitions in other countries. says Michael Whitehead, executive director of the food and agribusiness research and advisory unit at Rabobank International.

Foreign investors eye rural targets

The debate over foreign investment is set to expand from the mining industry to agriculture as overseas investors pour billions of dollars into Australian rural properties considered by some to be strategic national assets.

Iffco's investment Down Under shows vision

UAE food processing and poultry group Iffco has justifiably ruffled some feathers in Australia. Earlier this year, Iffco acquired a 14.99 per cent stake in Australian Agricultural Company (AAC) from Futuris Corporation for AU$64.7 million (Dh171.6m). AAC is the largest beef cattle company in Australia, running around 500,000 beef cattle on 21 cattle stations comprising 8.2 million hectares.