Qatar’s $500m food bank farms in Australia

The murky world of Middle Eastern politics, Islamic extremists and terrorism seems far away as a mob of sheep with young lambs at foot quietly graze the daisy-flecked paddocks of Barton ­Station against a backdrop of ­Victoria’s spectacular Grampian ranges. Experienced agribusiness boss John McKillop hopes it stays that way. Mr McKillop heads Hassad Australia,…

Wycheproof farms sold to Chinese-backed company Rifa Salutary

THE rapid rise of Chinese-backed pastoral company Rifa Salutary as a major agricultural player continues, with its purchase of two farms at Wycheproof in an investment worth about $9 million. Rifa Salutary chief executive David Goodfellow confirmed the purchase of Kulwin Park and McNicholl’s, covering 4534ha, from father and son vendors Murray and Mich­ael Stapleton….

Super funds call for register of foreign owned farms 

Industry superannuation funds have called for tougher foreign investment rules around Australian agriculture as they seek to ramp up their investment in the sector. Industry Super Australia, which represents not-for-profit industry funds, said quality Australian farming assets were being cherry-picked by foreign investors. Chief economist Stephen Anthony has called for a government register of foreign…

Chinese investment in real estate grows to $32b: FIRB

Chinese investors topped the list of foreign investment approvals for the financial 2016, and have pledged to invest $47.3 billion in Australia, mainly in real estate, the latest Foreign Investment Review Board annual report shows. The figure is similar to the previous year when $46.6 billion in approvals was awarded to Chinese investors. Of China’s…

Harold Mitchell cattle station $70m deal sold to wealthy Chinese businessman.

Media man Harold Mitchell has sold his burgeoning cattle station empire in Australia’s Kimberley region in Western Australia for more than $70 million. The sale, which includes APN Outdoor chairman Doug Flynn’s stake as well, is understood to have been acquired by a wealthy Chinese businessman. In 2015 Mr Mitchell appointed KPMG and ANZ to…

US-China deal threatens Australian beef and gas

A trade deal between the US and China announced on Friday will help ease diplomatic tension between the two superpowers but it could pose some problems for Australian gas and beef exporters. The White House announced a 10-point agreement on Friday which will allow the US to start exporting LNG and beef to China and…

Murray Goulburn hit by China customs crackdown 

Back in 2016 – While China starts to limit products that are brought into China from Australia, our government continues on unabated at selling Australia off to the Chinese.  The FTA allows imports from China freely into our market… But we are limited on what we can export to their country ? Who signed the…

Foreign investment jumps 29 per cent to $248 billion last year

Victoria has emerged as the focus for overseas buyers of Australian homes, attracting 44 per cent of residential purchases by foreign investors last financial year. NSW, with 32 per cent of residential home purchases, was the second most popular state for an inflow of foreign property investment, according to the Foreign Investment Review Board’s 2015-16…