Your say: Selling the farm or selling to a farm-builder 52

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With the decision imminent on whether Australia will allow its largest grain transporter, Graincorp, to be sold for $3.4b to an international company, it seems timely to ask everyone here what they think about foreign ownership of Australian agriculture businesses.




Less than 1% of Australian agribusiness assets are today owned by foreign interests but our fear of selling the farm or the farm logistics to someone outside Australia seems great for some.  We want to know how you feel.

And is there a difference between selling an existing, powerful Australian owned and built company to an international company or a plot of land on which a Foreign company can come in and invest heavily to create a foreign owned Agribusiness? That is, a company might be blocked from buying a large, powerful Australian dairy business, but they may be allowed to buy a large plot of land from which they can invest a large amount of money to grow a dairy business that could be foreign owned?

I wear another hat, as the State Manager for Queensland of the Export Council of Australia, and in my role I hear the thoughts of many important Agribusiness industry players.  Some companies reference the fact that they cannot break down the doors to China and other countries without some strategic foreign ownership, and know it would help them significantly to attract the right investor.

Have your say today.  How do you feel about the foreign ownership of our Agribusiness companies in Australia?  

Rebecca Wilson

Rebecca Wilson is the founder and publisher of Starts at Sixty. The daughter of two baby boomers, she has built the online community for over 60s by listening carefully to the issues and seeking out answers, insights and information for over 60s throughout Australia. Rebecca is an experienced marketer, a trained journalist and has a degree in politics. A mother of 3, she passionately facilitates and leads our over 60s community, bringing the community opinions, needs and interests to the fore and making Starts at Sixty a fun place to be.

  1. I guess the beauty of it is, even if overseas buyers put the money into this, the land itself still stays here and I have little doubt the workers will still be employed! I would also guess the same customers will buy the grain, either here or overseas, just as they do now. OK, so some of the profits will undoubtedly go overseas, but isn’t this better than the property should perhaps cease to exist as a profit-making entity altogether, with the consequent loss of jobs, etc? At the same time, Australian investors are free to invest overseas, bringing those profits back here, so I wouldn’t be at all surprised to hear that it all balances out in the end!

  2. NO Australian company should be sold overseas especially an agricultural one. Food and water are going to be our greatest assets in the future. All governments are selling Australia down the drain and it is WRONG!!

  3. I am so against selling off anything like this and I am also against selling off land to foreign investors too. Most Australians don’t want foreign investors in australia but the government just does what it wants

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