Recent developments in both Australia and New Zealand have again put the issue of foreign ownership of farm land (and competition for farm land from mining and forestry) under renewed scrutiny.
In New Zealand, the issue has been sparked by the proposed purchase of Crafar Farms (a group of NZ dairy farms) by China Jin Hui Mining Corporation. NZ Prime Minister John Keys first responded by warning about the dangers of New Zealanders becoming tenants of their own country, but has qualified his stance by warning against a total ban on overseas ownership. Meanwhile, a group of NZ businessmen has established a "Save the farms" group to lobby against overseas ownership.
The issue is one that is certain to gain in prominence as mining expands in the NSW Hunter Valley and the Liverpool Plains, and overseas investors continue to be interested in acquiring Australian agricultural assets.
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