Couldn't be all about the mighty dollar could it ................ :o
A litre of Australian milk is selling for $9 in China. ;)
Norco corners fresh milk niche in China
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Couldn't be all about the mighty dollar could it ................ :o
A litre of Australian milk is selling for $9 in China. ;)
Norco corners fresh milk niche in China
Yup, agree.Quote:
Originally Posted by mools
They are doing it in most industries they target and with land the old real estate saying applies," their not making any more of it!"
They have realised well before our govt that the world is not only getting more people but with themselves and India getting a richer middle class that are in the 100's of millions each, sources for high quality food are going to be harder to come by. Combine this with the mass pollution of their own land along with our political stability compared to a lot of other agricultural rich countries and we become a perfect place to not just long term invest in farm land , but stash money into residential as well.
A family member is friends with an estate agent from the north side of Sydney, they had taken a Chinese investor around to 35 properties between chatswood and st Ives 1,4-2 million each. They where getting sick of no decision so said "have you decided yet" when asked to view another. Their response was I don't like these 5 but will take the other 30:o
Now the Chinese are set to buy wineries in the Barossa. Some interesting discussion here, Bob
What's the future for Australian food? - The Future of Food - ABC News (Australian Broadcasting Corporation)
Foreign investment in Australia's food crops - The Future of Food - ABC News (Australian Broadcasting Corporation)
Food security an inescapable challenge for the future - The Future of Food - ABC News (Australian Broadcasting Corporation)
The future of water in Australia - The Future of Food - ABC News (Australian Broadcasting Corporation)
Its scary yes. But it will take 1 flick of the law to farmers sending produce overseas or massive taxes on exports (that will fund farms for aussie consumption) to change it all.
One thing u can be certain on is that the government will continue to feed us so we can pay taxes. All these parental schemes and baby bonuses arent because they are nice people.
They will get their money back and then some in the end.
What china does in retaliation is anyones guess
Sent from my GT-I9300 using AULRO mobile app
Australia always have had foreign investment in our farms.
A few that come to mind are Lord Vestey who boasted that he never paid tax anywhere.
King Ranch used to own the biggest cattle station in Australia
A USA company has the biggest cotton farms around Moree.
Cargill owns the ginneries.
Stahmann farms is the biggest pecan grower in Australia
The biggest olive groves in South Australia are a JV with a Spanish company.
Its just that the investment is now coming from China.
Regards Philip A
Any country that we cannot buy land in should not be able to buy ours:mad:The reason fertile land is getting scarse is because we keep growing houses on it instead of food:(
Quote:
Originally Posted by PhilipA
Not just china. Israel as well. They have invested in property, & have one of the largest cattle stations in the Territory. Foreign investment is explained here, Bob
Foreign investment in Australia's food crops - The Future of Food - ABC News (Australian Broadcasting Corporation)
Do you really think the food will stay here when the time comes that they can't feed themselves? I doubt it.Quote:
Originally Posted by snowbound
The trouble is that Australians have been seduced by decades of cheap high quality food. Land taxes and production costs have risen, at the same time the big two supermarket chains have driven down wholesale prices. This makes farming in Australia for Australian consumption unprofitable. The result is that WE import much of the food we eat and the best market for our locally grown produce is export. It is quite hard to sell working farms to local investors for good prices so the Chinese get the bargains. I know quite a number of older farmers that are holding on to their properties to the bitter end as their children have no interest. They will sell to anyone who offers a good price when they finally have to, regardless of where the customer comes from. Australians seem to prefer to invest in mining and the stock market. So long as there's easy money to be made from digging dirt we'll get our fresh fruit flown in from South America and the Chinese will sell what they grow here at home. C'est la vie.