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Chinese Keep Trying to Buy World’s Largest Ranch

Touch the Soil News #367 Australia’s largest farm/ranch (and possibly the world’s largest) is the S. Kidman and Co. enterprise. Chinese interests have been trying to buy it for some time. The last effort was turned down last year by the Australian Foreign Investment Review Board. Reasons include that it was not sufficiently in Australia’s best interests to sell to Chinese interests. Within the last week, however, another Chinese company – Dakang Australia – has entered the competition to buy the large S Kidman and Co. land. Dakang Austrailia is owned by Chinese interests, the largest of which is the Shanghai Pengxin Group. To soften the situation, Dakang Australia has…

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Agricultural Assets – A Modern Game of Monopoly?

Touch the Soil News #355 The Australian Broadcasting Corporation recently reported on the trend of Chinese investors owning and controlling Australian agricultural assets and farmland. According to reports, Chinese agricultural investors spent $375 million buying various agricultural assets including dairy, beef and cotton in 2015. University of Sydney professor Hans Hendrischke said one of the reasons why Chinese investors come to Australia is because in China, there’s a crisis in the food market, a crisis of confidence, and people don’t trust food security in their own country. The place to go is Australia. Australia’s coat of arms. It’s not just agricultural assets that foreign investors are looking for, but other…

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