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Farmland ownership under review

Posted by: 3AW Radio | 18 January, 2012 - 4:37 PM
farming

A government report has recommended a nation-wide register to keep track of how much farmland is being bought by foreign companies.

The amount of farm land owned by overseas interests doubled between 1984 and 2010 to 11.3 per cent.

Jock Laurie from the National Farmers Federation says they also want more powers given to the Foreign Investment Review Board.

PLAY: Hinch speaks to the National Farmers' Federation

3AW Drive with Hinch

Hinch Hinch is a former police rounds reporter, former foreign correspondent, former newspaper editor, former host of national current affairs shows, former novelist, former radio host in Melbourne, Sydney and Adelaide, former MIDDAY host and former jailbird.

Blog comments Your Say

  • If they can sell the SEC, the Board of Works and public transport to overseas interests why are farms so special? If it's for sale sell it to the highest bidder.

    Mylene Thursday 19 January, 2012 - 9:44 AM
  • Agree, 99 year lease for any foreign company or individual.
    I can not buy freehold property in - India, China, Vietnam, Thailand, not even a lease in Hong Kong, Taiwan, Indonesia and the list goes on. Our Government is weak and can only see easy dollars, no long term plan with this mob of loosers.

    Reg of Dandenong Thursday 19 January, 2012 - 9:04 AM
  • Shouldn't we simply limit foreign resident nationals and companies to purchasing 99 year leases over the land? A value limit could be set by legislation and the lease/land value confirmed by a government valuer in conjunction with a real estate body.

    David T. Wednesday 18 January, 2012 - 6:33 PM
  • The Chinese have a paddock to plate strategy to feed themselves

    Mark Wednesday 18 January, 2012 - 4:41 PM

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