The approved sale of a large Otago dairy farm to Harvard University in the United States is not in New Zealand's long-term interests and shows a lack of clear and strong rules on foreign ownership of NZ land, says Labour.
"Will the Chinese government purchase goods in China to be used on their farmland in Africa? We have seen a few tenders, yes, definitely. Is this becoming a trend? Most likely, and this will be a nice add-on to the business case that we are running here."
"I know you will think why should President Obama meddle in the affairs of other countries," writes Devlinder Sharma. "I agree, but at least he can stop the American agribiz and finance companies from indulging in offshore farmland grab."
Michael Burry, the former hedge-fund manager who predicted the US housing market’s plunge, said he is investing in farmland. “I believe that agriculture land -- productive agricultural land with water on site -- will be very valuable in the future.”
Galtere, a New York fund manager, said it was raising $1 billion to invest in production facilities for agricultural commodities -- including arable farmlands in countries such as Australia, Brazil and Uruguay -- that it planned to later sell or list publicly.