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Old 01-09-2012, 11:24 AM
TrevorW
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Is this the Start

http://www.optuszoo.com.au/news/top/...o-china/770085

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Old 01-09-2012, 11:51 AM
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It's frightening how we are letting foreign investors to buy up our land.
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Old 01-09-2012, 08:18 PM
TrevorW
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Apparently not is seems a lot slip under the radar

http://www.dailytelegraph.com.au/new...-1226281573668
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Old 01-09-2012, 08:35 PM
Stardrifter_WA
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Who cares? We can always take it back, like a lot of other countries do.
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Old 01-09-2012, 08:48 PM
Hans Tucker (Hans)
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Hardly news...Today Tonight & A Current Affair have been reporting stories such as these for over a year..I even think Sixty Minutes might have done a story about foriegn take overs of Australian farms with the clear blessing of the government. Rather than sell Cubbie Farm they should have scrapped it..it is a stupid idea to grown cotton (a water hungry crop) in a country where water is becoming scarce. This country needs to support farming and farmers need to be smarter about what they grow. Shame governments (Liberal & Labour) only think short term to the next election rather than plan for this countries future.
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Old 01-09-2012, 09:12 PM
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Originally Posted by Stardrifter_WA View Post
... We can always take it back...
Who is "We"?
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Old 01-09-2012, 10:26 PM
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Totally agree with you, Hans
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Old 01-09-2012, 11:58 PM
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astroron (Ron)
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Originally Posted by Larryp View Post
Totally agree with you, Hans
Ditto,
I and a lot of more learned people have been saying that about the stuff we grow for a long time ,but it seems to be falling on deaf ears
Cheers
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Old 02-09-2012, 12:09 AM
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Waxing_Gibbous (Peter)
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Quote:
Originally Posted by Hans Tucker View Post
Hardly news...Today Tonight & A Current Affair have been reporting stories such as these for over a year..I even think Sixty Minutes might have done a story about foriegn take overs of Australian farms with the clear blessing of the government. Rather than sell Cubbie Farm they should have scrapped it..it is a stupid idea to grown cotton (a water hungry crop) in a country where water is becoming scarce. This country needs to support farming and farmers need to be smarter about what they grow. Shame governments (Liberal & Labour) only think short term to the next election rather than plan for this countries future.
Gotta agree with the environmental affects of cotton.
It's a land-killer.
But.
Although I own a farm, I 'm not really a farmer, however those around us are and they're pretty savvy about what they grow.
They grow to the market.
When the public decides they want to pay a premium for sustainably, farmed produce (be it meat or veg) on a consistant basis, not just on a whim, then I think you'll find farmers more than happy to oblige.
When the consuming public decides it would rather spend it's money on food than cigarettes, alchohol and 'presitige' cars. then I think you'll see a change in farm practice.

Farming is capital intensive and utterly dependent on the wind and weather. Farmer's margins are often very tight and it its always guesswork about whats going to bring in the cash next year.
It's also a 24/7 job. No unions, no benefits no "personal time", no sickies.
You don't work, you don't eat.
Your crop fails.
Tough.
So why should the person that feeds YOU have to be penalised for doing the hard yards..
No other profession is so vulnerable to the exigences of exogenous circumstance. No other job requires such long-term commitment.

It's no wonder landholder's are selling-off to foreign buyers - constant villification by urban know-nothings, sod-all returns, and no governmaent support, mean it's more attractive to take the money and let a foreign agri-corp run the business.
If the general public want's Australian land to stay in Australian hands, they should fore-go their indulgances ( multi-thousand dollar telescopes and gear anyone?), form co-operatives and buy the land themselves.
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Old 02-09-2012, 12:43 AM
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What a furphy! They only run garbage like that to encourage xenophobia (and obviously it's working). It's the same stuff they've been peddling forever. I seem to remember the same stuff about Yanks buying half our country when I was a kid.

So what happens if a Chinese company buys the farm? Does the Chinese farmer go home to China every night after a hard day's ploughing, taking his pail of milk or bag of rice with him? Think about it. Any exports they make are Australian exports. As a consumer, if I buy their farm products, I'm still buying Australian. I'm happy they made the investment.

And has anyone researched how much overseas property Australian companies own? Or how many overseas resources Australian companies control? Come on, it's a big big world out there.

Cheers -
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Old 02-09-2012, 06:06 AM
rolls05 (Roland)
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Agree 100% Rob, We just had the same happen here in NZ, Huge farm sold to the Chinese. Man, you would have thought the imperial Chinese navel fleet was about to take up permanent residence in Wellington harbour. What a carry on. Yet we still seem to be carrying on as per usual. Oh, and when James Cameron ( film director) just bought a huge farm in the southern North Island here, narry a murmur. Funny that.
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Old 02-09-2012, 08:46 AM
Trixie (Carey)
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We were only talking about this last night. We are in it for the love of it not the money luckily but there may come a time when we have no choice but to sell. If it got that point I wouldn't care who bought our farm.

In this particular case South Australians are very worried because of the water issue.
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Old 02-09-2012, 10:44 AM
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Yes, Rob_K, Australian companies such as BHP-Billiton do own resources all over the world, and I have no problem with companies buying companies-this is globalisation.
But I do have a problem with foreign countries buying up our farms. Sure we can still buy the produce from those farms now, but if for some reason there becomes a world food shortage, where do you think that food will go then?
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Old 02-09-2012, 11:44 AM
cfranks (Charles)
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It's not that bad according to Swan! "Mr Swan said the approval was only given on the condition that RuYi sell down its stake to 51 per cent within three years."
No wonder we have a problem if he doesn't realise that 51% is still a majority!
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Old 02-09-2012, 12:01 PM
Trixie (Carey)
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I dont understand the whole sell the stake down to 51% thing. How will that make a difference anyway?
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  #16  
Old 02-09-2012, 12:45 PM
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multiweb (Marc)
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Sale of productive asset overseas is never good. Plain and simple.
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  #17  
Old 02-09-2012, 01:00 PM
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Whilst i understand the theory that a farmer/householder should be able to get the best price for their property, competing with overseas entities ( who are buying for future use and dont really care re the current cost ) means locals will nearly always lose. If land purchase was limited to citizens only, then you may not get as much when you sell, but conversely, it wont cost as much to buy.

The biggest problem i see with this purchase is its 99% sure to be backed by the Chinese govt, as it is in other places around the world where they are buying up bigtime.
They will never go broke ( in our lifetimes ) and as such, i doubt this land ( and more importantly, the water rights that go with it ) will ever come back on the market.

Andrew
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  #18  
Old 02-09-2012, 11:09 PM
TrevorW
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How would we go about buying millions or acres of land in China
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  #19  
Old 02-09-2012, 11:25 PM
luvmybourbon
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i think the main concern that it is a "government" purchase not a private one. Could be wrong usually are lol, ps i dont agree with it myself...............give a 5 million aussies a chance to put 500 bucks in and you get the same and probably then some!
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  #20  
Old 03-09-2012, 06:55 AM
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Omaroo (Chris Malikoff)
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The sale of Cubbie Station isn't just about the land. It's a massively important water resource that is now under foreign control. Someone convince me that in the driest country on Earth, this is isn't just a bit stupid.
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