Al Dahra Agriculture says deal will give it access to a strategic growers and suppliers base, in addition to farming land in Western Australia
- Arabian Business
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10 December 2016
The notorious reluctance of Australian superannuation funds to invest in agriculture because of perceptions it is too risky, volatile and low-return may be slowly changing, according to key farm and food industry players.
- The Australian
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21 November 2016
The amount of agricultural land owned by Chinese interests has soared above 3 million hectares, more than double the 1.46 million declared by the Australian Taxation Office last month, according to a Fairfax Media analysis of reported land sales.
Joe Lewis, the owner of football team Tottenham Hotspur, is the ultimate owner of the AA Trust, which has just converted 59 of 160 Convertible Notes into fully paid ordinary shares in AACo.
Chinese-backed company Harmony Beef and Cattle is buying the Earl of Stradbroke's grand rural property Mt Fyans in the Western District of Victoria for about $34 million.
Billionaire Gina Rinehart and a minority Chinese partner agreed to buy Australia’s most iconic cattle company in a deal valued at about A$365 million ($277 million).
- Bloomberg
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10 October 2016
Since the day it was released, the accuracy of the Australian government’s Foreign Owned Agricultural Land Register has come into question, with rural industry stakeholders disputing the amount of land actually held by Chinese interests
- Beef Central
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28 September 2016
In its second swoop on prime northern NSW cattle country this year, Chinese-owned pastoral business, Rifa Salutary, has snapped up another two aggregations for an estimated $55 million.
- Farm Weekly
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21 September 2016
US giant TIAA's Westchester has purchased a major part of northern NSW cropping farm Milton Downs from Australia's biggest wheat grower Greentree Farming for a figure some estimate to be in the vicinity of $50 million.
The Chinese company joining forces with Gina Rinehart to buy the Kidman cattle empire has one hurdle to clear in a separate deal to secure a cluster of stations in the Goldfields.
- West Australian
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30 August 2016
Tasmanian senator says she will grill officials when they front Senate Estimates later this year over FIRB's history of approving foreign farm and asset purchases against the national interest.
Shanghai Zhongfu-owned Kimberley Agricultural Investments is the new owner of Carlton Hill and Ivanhoe, which operate as one station on the doorstep of Kununurra.
- West Australian
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03 August 2016
A government-commissioned report into the regulatory burden imposed on Australian farmers has advised the federal government to lift "red tape" surrounding foreign investment in local agriculture.
Draft report on Australia agriculture regulation calls for the sale of any farmland or agribusiness worth less than $250 million to foreign interests to be exempt from any review process.
A China-led consortium seeking to buy Australia's S. Kidman & Co will hold off on a fresh bid for the country's largest agricultural land owner amid concerns it could be derailed by a more protectionist new government, two sources with direct knowledge of the matter said.
Australia's business and legal communities are calling for a simplification of the policy under which there are six different monetary thresholds for prospective foreign investors in agricultural land to overcome.
Duncan Pruett reflects on the last 5 years at work advocating on the issues of land rights and foreign investments in agriculture.
- Landportal.info
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24 June 2016
A new poll by the Lowy Institute found 87 per cent of respondents opposed allowing foreign companies to buy Australian agricultural land — six percentage points higher than a similar survey four years ago.
Australia has granted a three-year extension for a Chinese company to reduce its 80 percent stake in Australian cotton farm Cubbie Station after it indicated it could not meet the October 2015 deadline.
Eight years after releasing its first report on land grabbing, GRAIN publishes a new dataset documenting nearly 500 cases of land grabbing around the world.
Glencore Plc agreed to sell just-under a 10 percent stake in its agriculture unit to Canada’s British Columbia Investment Management Corp. for $624.9 million in cash as it continues to cut debt.
Australian agricultural assets remain a major a drawcard for international investors with a string of mainly US-based investors funnelling hundreds of millions into a $1 billion fund established by the Queensland agribusiness investment firm, Laguna Bay Pastoral Company.
- The Australian
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02 June 2016
Australia's cattle station sector is set to reach more than $1 billion-worth of deals in less than a year, with the two biggest sources of investment being the controversial areas of foreign investment and superannuation.
In partnership with Indonesian agribusiness Japfa and Cargill’s Black River, AustAsia has built five free stall dairy farms in the province of Shandong, plus another in Inner Mongolia, to milk 30,000 Holsteins in total.
While Duterte intends to liberalize the entry of foreign investments in the country, he said he does not want to touch the constitutional limit on foreign land ownership.
Chinese retailing giant the Dashang Group has snapped up one of Australia’s oldest herds of Wagyu cattle and a second highly productive farm in the prestigious upper Hunter Valley.
The suitors led by Shanghai Pengxin Group will instead work on a new structure for the takeover of S. Kidman & Co., while sticking with the same price tag for the 117-year-old cattle company.
The largest agricultural investment under the federal government's new significant investment visa (SIV) program has been made in the $174 million float candidate Mort & Co, which owns and operates Australia's biggest independent feedlot business.
Évoquant l’intérêt national du pays, le gouvernement australien est intervenu vendredi pour empêcher un consortium chinois d’acheter le plus vaste bien foncier privé du pays.
Treasurer Scott Morrison was accused of playing politics with foreign investment after he decided to stop a Chinese-led consortium buying Australia's biggest private landholder, buying S.Kidman and Co.