It’s in the news (July 26 and 27 started the discussion in key business forums on the TV.) See www.abc.net.au/news
A surge in foreign investment could lead to us losing control of our food resources. NZ also is facing this but they have better control. China aggressively buying up assets around the world to shore up its food supply. NZ PM says he’d hate to see NZers as tenants in their own country. Farmers believe China should not be allowed to buy land in NZ.
In Australia you could buy every property in the Murrumbidgee without raising an alarm bell because of the foreign investment threshold being so high.
In NZ rural land is classed as sensitive land and the Government can reject proposals to buy it.
No easy solution to the growing interest in food resources.
Countries race to secure food supplies worldwide.