Australia Archive

  • Senate inquiry calls for audit of foreign-owned agriculture

    Senate inquiry calls for audit of foreign-owned agriculture

    An inquiry into food production in Australia has recommended an audit of foreign-owned agricultural land and water
  • Alarm bells at sovereign funds’ farmlands foray

    Alarm bells at sovereign funds’ farmlands foray

    Australian Liberal senator Bill Heffernan warns that sovereign wealth funds need to be watched because some were "already acquiring other sovereigns' wealth to protect their own food security tasks".
  • Macquarie seeks crop land

    Macquarie seeks crop land

    Macquarie Group's agricultural division has launched a new cropping fund that will buy large-scale grain properties in Australia and Brazil.
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    Australia's opposition leader Tony Abbott said his Liberal-National coalition of center-right parties could revise the country's foreign investment laws if it wins power in the Aug. 21 general election.
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    The Federal Opposition is supporting a call for a national register of foreign purchases of land and water in rural Australia.
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    The Greens have called for a national register of foreign purchases of land and water in Australia.
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    New Zealand's Green Party has drafted a bill seeking to stop overseas buyers snapping up large tracts of NZ land. Australian farmers also fear they may have trouble coping with future food and water demands if foreign interests snap up too many of the nation's agricultural resources.
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    Critics say Australia's Labor party has failed to come to grips with country's future food security, including the acquisition of domestic farmland by foreign investors
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    As the world's available farming land shrinks in the face of population growth, climate change and soil degradation, Australia's vast tracts of land are going to be increasingly important for global food security. Is the sell-off in Australia's long term interests?
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    Foreign interests including state-owned companies from China and the Middle East are increasingly looking to Australia to secure their food production by purchasing key agricultural assets.
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    Wilmar, which already owns 200,000 ha of sugar cane plantations in Indonesia, said it intended to use Sucrogen’s proven expertise in the sugar business to pursue growth strategies in “Indonesia and other high potential Asian markets.’’
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    TIAA-CREF owns agricultural land in the US, Australia, Brazil and central and Eastern Europe, most of which is leased out.
  • $1b Arab fund to buy Aussie farms

    $1b Arab fund to buy Aussie farms

    Western Gulf Advisory, a Bahrain-Zurich based company, plans to invest $1 billion into the Australian economy, including farm acquisitions, over the next few years.
  • Foreign rush for farms

    Foreign rush for farms

    A rush of foreign investment interest in Australian farmland is stirring new concerns about just how much overseas ownership of local agricultural resources is too much.
  • Chinese Government buying up our farms, says Senator Bill Heffernan

    Chinese Government buying up our farms, says Senator Bill Heffernan

    The Chinese Government is buying Australian farms to directly feed its population, a senior Liberal said on the eve of a visit by a top Bejing official.
  • Senators question rules on farm sales to foreigners

    Senators question rules on farm sales to foreigners

    Questions have been raised at a Senate inquiry in Canberra about whether foreign investment rules go far enough to keep Australian agriculture sustainable.
  • Hassad Food plans to invest $700mn in global projects

    Hassad Food plans to invest $700mn in global projects

    Hassad Food Company intends to invest $500mn to $700mn this year for projects across the world as part of its mission to ensure food security for Qatar, chairman and managing director Nasser bin Mohamed Mubarak al-Fuhaid al-Hajri has said.
  • Fears of farmland buy-out

    Fears of farmland buy-out

    There are growing concerns that a legislative loophole could allow vast tracks of Australia's farmland to be sold to the Chinese Government.
  • Gulf farmland search switches to richer countries

    Gulf farmland search switches to richer countries

    "As more investors look into the opportunities that developed nations present there will be no need to go underground or be ashamed of these deals," said Hakan Agro's Tomar.
  • Donors open the door for land grab in PNG

    Donors open the door for land grab in PNG

    Foreign donors are promoting land registration in Papua New Guinea to facilitate a farmland grab, under the guise of agricultural development.