West Australia: Crop downsizing for Chinese group
- West Australian
- 10 August 2017
The Beidahuang Group is rumoured to have leased out the majority of its 85,000 ha of WA farmland purchased or leased in a $200 million spending spree five years ago
The Beidahuang Group is rumoured to have leased out the majority of its 85,000 ha of WA farmland purchased or leased in a $200 million spending spree five years ago
China ha aceptado firmar tratados comerciales que la obligan a importar alimentos, y ha implementado políticas que favorecen el desarrollo de fincas de mayor tamaño y de inmensas corporaciones del agronegocio y la alimentación
La Chine a accepté des accords commerciaux qui obligent le pays à importer des denrées alimentaires et mis en place des mesures favorisant le développement des grandes exploitations et d’énormes entreprises alimentaires et agroindustrielles.
Over the past couple of decades, China has embraced trade agreements that oblige it to import foods and implemented policies that favour the development of larger farms and massive agribusiness and food corporations.
Beidahuang Group is investing US$5 million in the project on a 600 hectare concession located at Nakatang village in Yommalath district of Khammuan province, Lao PDR.
Vicstock Grain and its Chinese backers (Beidahuang) have dramatically scaled back their cropping operations in the Wheatbelt three years after a $70 million spending spree on farmland.
The writing is on the wall for anyone who doubts China's plans to invest billions of dollars for a big stake in WA agriculture.
A Chinese conglomerate has hit back at critics of its WA farming operations and vowed to press on with plans to invest hundreds of millions of dollars in an integrated supply chain from Albany to China.
Philippine-listed food producer AgriNurture Inc is planning the expansion of its production areas for hybrid rice, fruit and vegetables with Chinese partner Beidahuang Seed Group of China.
China's biggest state-owned agricultural conglomerate has bought farmland and port facilities in Western Australia and the move has sharply divided responses.
Companies linked to China's biggest agricultural conglomerate are being flooded with offers to buy or lease "hundreds of thousands" of hectares of land in Australia's Wheatbelt in the early stages of their bid to create an independent grain supply chain from the port of Albany.
The Beidahuang Group has been dismayed by what it regards as negative media coverage of its investment in agricultural land in Australia and plans to scale back while it still purchases more farms.
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