China To Acquire Australian Farms

[N320]

Food is a strategic asset. Without food, an army of 300 million will quickly come to a stop and an economy of 1.2 billion people will be desperate. It was suggested on a thread here a while back that China would expand their sphere of influence into NZ because of this need for food. I believe this article represents the beginning of that move.

With the new taxes proposed like emissions tax, land tax, and increased GST, there will likely be many farms available as it becomes illogical to work when more than 50% of your earnings are stolen. Maybe those of us with farms are lucky there will be Asian buyers.

Foreign owned and grown food on Australian soil

.

[colt45]

I recall hearing a story recently that the same was being looked at here, China buying up farms simply to produce food for export back to China.


Hey here's a funny thing, if you misspell america, (by not typing it with a capital A) my computer will underline it with a red dotted line, suggesting I need to check the spelling, but when I type china in with a lower case c it just accepts it, NOW that's a conspiracy if I ever saw one

[pox]

I recall hearing a story recently that the same was being looked at here, China buying up farms simply to produce food for export back to China.


Hey here's a funny thing, if you misspell america, (by not typing it with a capital A) my computer will underline it with a red dotted line, suggesting I need to check the spelling, but when I type china in with a lower case c it just accepts it, NOW that's a conspiracy if I ever saw one

A conspiracy involving crockery?

It's a bit like Polish and polish, capitalisation changes the whole meaning.

[colt45]

I recall hearing a story recently that the same was being looked at here, China buying up farms simply to produce food for export back to China.


Hey here's a funny thing, if you misspell america, (by not typing it with a capital A) my computer will underline it with a red dotted line, suggesting I need to check the spelling, but when I type china in with a lower case c it just accepts it, NOW that's a conspiracy if I ever saw one

A conspiracy involving crockery?

It's a bit like Polish and polish, capitalisation changes the whole meaning.

English is such a fucked up language

[Maxx]

HA!!
Just wait, soon they`ll be growing food there (or HERE) and then selling/importing it back to where it was grown.
The same as has happened to most manufactured goods that where once made here.
The yellow tide spreads...

[GLU]

If they own the farms they wont be selling it back to China they will just be exporting it back , It is more than likely that the country it is grown in might not see any monetary gain from this .

If a foreign government owned company owns the farms why would they pay for the food they grow and already own .

The Governments better think and put a stop to allowing what is effectively selling our major asset to a foreign government .

[Dskd]

yip if they just sent it or sell it a $0.01 a ton not tax bill for nz

[bas]

yip if they just sent it or sell it a $0.01 a ton not tax bill for nz

And you really think that will work? One piece of advice, never get between the government and its tax income.

[N320]

That is sound advice Bas. However, in this case, it would be a nuclear armed government not wanting an unarmed government to get in the way of its food supply. Methinks the chinese would win that one.

[TonyM]

"The Aussies can learn a thing or two from me."

[M39]

And then this:

http://www.nytimes.com/2009/09/01/busin ... erals.html

Rare Earth minerals which are 93 to 99% controlled by China.

[honestbob]

And then this:

http://www.nytimes.com/2009/09/01/busin ... erals.html

Rare Earth minerals which are 93 to 99% controlled by China.

So does this mean we should stock up on not so rare earth minerals like
Copper, Brass and Lead?

[no4mk2]

Typical scare mongering.

What's the difference between a Chinese Company owning a farm, and Shania Twain?

Both are foreign...

[CT]

Typical scare mongering.

What's the difference between a Chinese Company owning a farm, and Shania Twain?

Both are foreign...

Chinese government owned company.
Shania Twain isnt a government.

bit of a difference.

Chinese government is there for its people. Shania is there for herself.

What I believe theyre getting at is NZ resources is farming, countries biggest industry, if the chinese were to come in and buy up say 50% of farm land and send all profit and produce back to china then our economy will suffer.

now Shania owns a single farm, any profits she personally keeps ad most likely spends a fair chunk in the nz economy and finds it more economical to send majourity of the produce to the NZ market.

[JayDee]

Yep - the West sees borrowed money as 'wealth' - whereas productive land is the only truely valuable thing ... IMHO