Foreign ownership of farm land
Well, this is why we should not be selling Cubbie Station or other rural properties to foreign buyers including China.
I see an analysis of agricultural exports by the Victorian Department of Primary Industries has found that surging demand from China fuelled a $1 billion increase in Victoria’s agriculture exports last financial year to almost $9 billion.
The research also found NSW’s agricultural exports rose $860 million last financial year to $5.7 billion.
It found Victoria is now the biggest exporter of agricultural products in Australia followed by NSW, Queensland, South Australia and Western Australia.
I wonder are those latter three States losing their foothold on the agricultural production ladder because of their focus on mining?
And will NSW be next to jeopardize its long-term bright agricultural future for short-term gains from coal seam gas mining?
More to the point, are we going to continue to sell our farming land (hand over ownership) to foreigners when it is clear foreigners are more than happy to buy our goods without having to own the farms which produced them?
The world’s population is predicted to reach 9 billion and food prices are expected to double by 2050.
Don’t tell me Australia, ideally positioned to become the breadbasket of the world, is going to miss out on that future because we have either sold our land to foreigners or destroyed it mining for coal seam gas?