Foreign ownership of Australian agricultural land rose more than two million hectares in the past year, with investors from the island nation of the Bahamas buying up 2,201,000 hectares.
After trumpeting Chinese investment in "a very large agricultural project" in the Bahamas that would be up and running by September, senior government officials are now backing off the subject.
Chinese investors interested in cultivating Bahamian land could be interested in exporting what they produce as well as supplying the local market, the executive chairman of the Bahamas Agriculture and Industrial Corporation said yesterday.
