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Chinese investment ‘crucial’ to Australian agriculture industry

Australia’s agriculture industry cannot grow without Chinese investment, says one expert in the area.

And he also said it was ‘ridiculous’ to be concerned about a ‘takeover’.

Will Lempriere, Chairman of Lempriere Group and partner in Cubbie Station, told Tom Elliott $600 billion was needed each year just to sustain the industry, let alone grow it.

‘What people need to realise is Australia has a remarkable opportunity to grow its agricultural sector,’ Mr Lempiere explained on 3AW Drive.

‘But to do that, it has no choice but to attract foreign capital – it’s as simple as that.

‘There’s no other way to cut the cake.’

Click PLAY below to hear more from Will Lempriere on 3AW Drive