Tighter rules sought on land purchases
- AAP
- 12 April 2011
Australia is "asleep at the wheel" when it comes to foreign companies buying important agricultural land and greater scrutiny is needed, farmers say.
Australia is "asleep at the wheel" when it comes to foreign companies buying important agricultural land and greater scrutiny is needed, farmers say.
Wilmar's take-over of Sucrogen gave the company a significant amount of cane land that it increased with the purchase of additional farms to guarantee cane supply, outbidding local farmers for land.
Prime minister's adviser on science and innovation wants Australian companies to consider buying land in Mozambique to counterbalance foreign purchases of farming land in Australia and shore up Australia's food supply.
The Australian Parliament has moved to quell some of the anxieties surrounding a perceived foreign buy-up of local land, last week passing a motion regarding foreign ownership of agricultural land and agribusiness.
Foreign ownership of Australian land and agribusiness will soon be monitored.
World food security fears may be driving the foreign rush to buy Australian farmland and agribusinesses, says Nationals' leader, Warren Truss.
Parliament is calling on the Productivity Commission to review the recent surge in foreign investment in farming, focusing on its effects on the economy and food security.
Four months before South Sudan becomes an independant nation nine percent of the country has been targeted by investors, a Norwegian People's Aid report reveals.
For the sake of our farmers and our national food security, the Federal Government needs to get tough on Australia's foreign investment policy.
China’s largest agricultural company plans to acquire 200,000 hectares of land in Argentina, Brazil, Venezuela, Australia, the Philippines, Zimbabwe and Russia in 2011.
O principal grupo agrícola da China, Heilongjiang Beidahuang Nongken Group, anunciou que adquirirá ou arrendará 200 mil hectares de cultivo em países latino-americanos como o Brasil, assim como em Rússia, Filipinas, Austrália e Zimbábue, informou o jornal oficial "China Daily".
Australian companies are interested in making investment in Pakistan’s agriculture sector from production of crops to their processing and export.