Australia

Outback Australian farmers - hardened from dealing with extreme weather, fires and pests - now have to wrestle with modern trading tools and technology after a tough day tilling the land as they adapt to the rigors of a deregulated market.

Chinese companies could be encouraged to invest in Australian agricultural businesses instead of buying up farms under a new foreign investment model based on the practice in the mining sector.

Hassad plans to spend $US350 million ($318 million) in Australia to secure food supplies for Qatar, which imports 95 per cent of its food.

Australians do realise the value of what is being sold, a land agent and rural property specialist said, "but their hands are tied because they can't raise the money".

Community agitation grows as farmers feel threatened in New South Wales

Corporate Chinese interest in Australian rural land assets is gaining momentum and there are several players on the hunt across a wide spectrum of ­sectors: sugarcane, cotton, wool, tomatoes and grapes for wine.

Overseas buyers may boost investment in agriculture assets in Australia, the fourth-biggest shipper of wheat, as they seek to secure supply to meet surging food demand, said Queensland Sugar Ltd. Chairman Alan Winney.

Australia's Federal Opposition will establish a working group to investigate options for sharpening rules governing the sale of Australian agricultural land and agribusinesses, to foreign entities.

"Ultimately, we want to see more, not less, investment in Australian agriculture for the benefit of our industry, but we need to be very clear about the motives," says Jock Laurie, head of Australia's National Farmers Federation

"You get a clash of sovereignties. You might take an individual to court or a corporation to court. But I think you'll be very concerned if you take a country to court especially when that country is far bigger than the one you live in," Australian Senator Joyce said.

Asian investors have overtaken Europeans as the biggest buyers of Australian land, a snapshot of foreign acquisitions reveals.

Australia's left-leaning Greens party on Friday called for foreign investment laws to be beefed up to cover farming land and water licenses, fearing too much was falling into overseas hands.