ABC News – Selling the farm

Foreign interests including state-owned companies from China and the Middle East are increasingly looking to Australia to secure their food production by purchasing key agricultural assets.The sale of agricultural land is exempt under Foreign Investment Review Board regulations and the FIRBs attention is usually triggered only by the sale of companies whose assets exceed a 231 million threshold.In recent years, and especially since the global food shortage in 2008, China, South Korea, Japan, India, Saudi Arabia and the Gulf states have all been engaged in massive agricultural purchases around the world and in Australia – as outlined in these maps of Australia and the globe.

via ABC News – Selling the farm.

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