See Oz (or what's left of it) before it's sold.

Submitted: Friday, Oct 12, 2012 at 17:00
ThreadID: 98509 Views:2017 Replies:4 FollowUps:5
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Some years there was the slogan "See Qld before Jo sells it."

THIS Seems to revive it.

Hmmmmmmm???

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Reply By: Michael ( Moss Vale NSW) - Friday, Oct 12, 2012 at 17:13

Friday, Oct 12, 2012 at 17:13
Fred! Thats probably not too far from the truth!! Michael




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Follow Up By: Fred G NSW - Friday, Oct 12, 2012 at 17:30

Friday, Oct 12, 2012 at 17:30
Hullo Michael.

Did you have the snow skis out today :-))
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Follow Up By: Michael ( Moss Vale NSW) - Friday, Oct 12, 2012 at 18:59

Friday, Oct 12, 2012 at 18:59
Gday Fred! I will be there tomorrow, I will have missed it all I guess. I remember walking out of the Bowral cinema late one night after a movie some years back to find the main street a blanket of snow. It looked like a different world! Michael



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Reply By: Member - John and Val - Friday, Oct 12, 2012 at 18:42

Friday, Oct 12, 2012 at 18:42
Its an emotive issue. But from a Crikey article:

"ABS data shows 1% of agricultural business are partly or wholly foreign-owned and 11.3% of agricultural land. The biggest investors, perhaps reflecting the much higher $1.062 billion thresholds for approval, were US companies, followed by the UK. China wasn’t even in the picture."

Have heard it said that across history China has not fought wars to gain territory, but gets to influence territory via trade. Maybe that is what is happening with this sale of Cubbie Station. I wonder how cooperative the Chinese owners will be over water allocations. Also note that the Chinese have to sell down their holding to 51% within 3 years.

Cheers,

Val.
J and V
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Follow Up By: Fred G NSW - Saturday, Oct 13, 2012 at 10:09

Saturday, Oct 13, 2012 at 10:09
Maybe a whole new perspective will be put on Chinese water torture Val, LOL, for those down stream. Could be time to visit my favourite inland waterway one last time.

Let's hope the staff remain locals. Their staffing roster could make for interesting reading.

I would love to see a map of Australia showing the total percentage of pastoral/mining areas owned by foreign investors.

Fred.

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Follow Up By: Member - John G - Saturday, Oct 13, 2012 at 10:43

Saturday, Oct 13, 2012 at 10:43
G'day Val

Surely we shouldn't interfere in an emotive argument with logic or statistics. LOL.

Seems to me that our own governments cannot, or will not, sort out water allocations throughout the Murray-Darling basin. Any owners will take for Cubbie such water allocation as they are allowed.

Cheers
John
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Reply By: Lyn W3 - Saturday, Oct 13, 2012 at 11:24

Saturday, Oct 13, 2012 at 11:24
There has always been a large presence of foreign ownership in Australian agricultural and pastoral properties. Look at the past vast holdings of companies like the Vestey Group, British Tobacco etc they were responsible for opening up vast tracts of land through NT and Qld.

Bundaberg Sugar is owned by a Belgium Company and don't forget Anna sold FPQ to Hudsons a US managed group.

What does worry me is the land being bought by foreign companies for direct export food production where the product is not sold or marketed within Australia, in many of these cases very little is being added to the Australian economy with direct imports of machinery, fertilizers and in some cases labor under the 457 visa programs.
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Follow Up By: ian - Sunday, Oct 14, 2012 at 17:19

Sunday, Oct 14, 2012 at 17:19
Lyn,
apparently 60% of food grown in OZ is exported anyway. Your worry may not be an issue in the scheme of things.
Ian
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Reply By: Member - Peter E1 (VIC) - Saturday, Oct 13, 2012 at 17:58

Saturday, Oct 13, 2012 at 17:58
Let's not forget for every buyer there is also a seller. I remember all the angst when the Japanese were buying up big in QLD in the 80's. The sellers probably all went and bought a great big penthouse on the Gold coast to retire in.
We have had foreign owners here for at least 200 years+.
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