Great news – finally; the threshold for unscrutinised purchases of land from non-Australians has been lowered, and the total is now cumulative. The new limit is $15 million in total; down from a whopping $240 million per purchase (not cumulative!) So from 1st March 2015, anyone who intends purchasing land for $15 million or more, […]
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Foreign Investment in Australia
February 12th, 2015NAPCo – North Australia Pastoral Co – shares for sale
May 13th, 2013The North Australia Pastoral Co (NAPCo) is one of Australia’s oldest large pastoral companies; having been established in the 1870s. Renowned for conservative, steady management (the most likely style to make a healthy profit, long-term); the ownership of NAPCo has always been kept as secret as possible; with long-term shareholders living unassuming lives out of […]
SLM Australia Livestock Fund
March 12th, 2013SLM Partners Australia Pty Ltd has set up the SLM Australia Livestock Fund, which has apparently been buying property around Cunnamulla (Southern Queensland) and Enngonia (North Western NSW). The plan is to cell graze large numbers of cattle to “improve productivity while enhancing the environment”. SLM stands for “Sustainable Livestock Management”. Presumably SLM Partners will […]
Foreign ownership of Australian rural land
September 10th, 2012Anyone with an interest in the foreign ownership debate may like to visit Monica Attard’s article on The Hoopla called ‘Quick Facts. Selling the farm?’ and put their two bob’s worth in by adding a comment. Unfortunately there seems to be next-to-no discussion on whether foreign land ownership is good for Australian farms in a […]
Foreign investment in Australian agricultural land & food production companies
August 6th, 2012Trade Minister Craig Emerson says the increase in foreign ownership of Australian farm land has been negligible. ‘Barely 6%’ is foreign owned and there has been ‘little change in 25 years’. How about Craig trots out the precise figures, so we can draw our own conclusions? Or do his figures only include land sales that […]
Foreign ownership of rural land is restricted or even prohibited, in many other countries
November 9th, 2011Xavier Duff has included some interesting facts in a Weekly Times article on foreign investment. He mentions that foreign ownership of rural land is regulated in many other countries. Other countries, presumably most of them, require that all rural land owned by foreigners is registered with the federal government (eg USA). Some countries restrict the amount of land that can […]
Cargill
November 8th, 2011David Whitford (with Doris Burke) has written a comprehensive article on a famously private company, Cargill, titled ‘Cargill: Inside the quiet giant that rules the food business’. The article was written for Fortune and appears on the CNN Money website, and is well worth a read by anyone interested in food security, quality and affordability […]
Vestey cattle properties resumed by Venezuelan president Hugo Chavez
November 3rd, 2011The British company ‘Vestey Group’ was founded in 1897 by brothers William and Edmund Vestey. Around the early 1900’s the Vestey family company had begun purchasing agricultural land in South American countries and Australia, and over the decades the company developed vertical integration – cattle stations, meatworks (eg at Wyndham [WA], Bullocky Point in Darwin [NT] and Lakes Creek […]
Foreign ownership of Australian land and water
October 4th, 2011There has been quite a bit written about recently published figures by the Australian Bureau of Statistics (ABS) showing the percentage of overseas ownership of Australian land. Many writers have conveniently interpreted the figures to mean Australians are a paranoid, parochial lot – unreasonably concerned with mythically increasing overseas ownership. There is virtually no objective analysis and in-depth discussion of […]
AACo has sold Meteor Downs Station to Xstrata, presumably to be run by Colinta Holdings
July 23rd, 2011AACo has sold the central Queensland cattle station ‘Meteor Downs’ to the Swiss mining company, Xstrata. Meteor Downs is 17,000 ha 40km SE of Springsure (between Emerald & Roma), and it was purchased in 1990 to run the AACo’s Brahman and Santa Gertrudis studs. In recent years it has been running Wagyu cattle, and growing forage crops […]