New Zealand's government on Thursday blocked the NZ$88 million ($56 million) purchase of a local farm by China's Shanghai Pengxin amid public concerns about foreign land ownership.
An ABC Rural investigation reveals the extent of the creep of foreign ownership in the Top End, particularly over the past three years.
Government considers the development of two plots of land on the Ord River irrigation scheme so risky that it demanded a $150 million a year guarantee from the Chinese company behind the farming project.
Bass Coast Shire Council last month unanimously rejected Ningbo Dairy Group’s plan to house 1000 milking cows in barns and build a $6 million bottling plant on its main Glenview farm
Pengxin's attempt to transfer New Zealand assets to Chinese agricultural company Hunan Dakang in the middle of seeking approval to buy 14,000 ha sheep and beef farm seen as "bizarre".
Chinese investors increasingly explore a new natural-resource boom in Australia: agriculture, pouring in 632 million Australian dollars ($450 million), almost twice as much as the year before.
Chinese billionaire is looking to expand overseas and potentially take part in the next big boom, which he says just might be Australian agriculture as Chinese people seek out higher-quality food products.
The Sustainable Agriculture Fund, backed by Australia's biggest superannuation funds, has delivered a $4.7 million full year profit and recorded a small rise in the value of its rural property holdings
Chinese conglomerate Shanghai Pengxin Group Co Ltd is set to become the largest farmland owner in Australia if it is successful in the acquisitions of two cattle farms for A$1 billion ($720 million).
First State Super follows US and Canadian super funds with major investment in Australian almond plantations.
The so-called ‘Blood Sugar crisis’ may be over. But representatives from the Clean Sugar campaign their there is no end in sight for their problems.
The Ontario Teachers' Pension Plan Board has bought Macquarie Group's owned and operated almond properties in the Sunraysia district of north-west Victoria for more than $115 million.
|
Here’s how this fundie is making money from the land
|
