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Windmill, Outback Australia
Reserve Bank of Australia governor Philip Lowe argued at an Australian Farm Institute event last week that there is plenty of capital looking for a home if the ideas and business plans are sound.
US Flag, barn, farmland
The year ahead will likely see US agricultural policy debate be subject to continued lack of consensus within and between political parties, as they attempt to navigate a new political environment.
Lion Dairy & Drinks is Australia’s second-largest milk processor but the proposed sale did not include any farmland, an area of concern during previously blocked Chinese takeover bids.
Australia’s competition watchdog proposes governance changes but recognizes the benefits of having private investors participating in water markets.
Foreign investors ‘can’t put water in their suitcase and take it away,’ says Pavey as she stresses Australia's need for global investors and trade markets.
The federal government plans tighter restrictions on foreign investment in a range of sectors from 2021 – but agriculture will revert to its pre-covid regime.
Windmill, Outback Australia
FIRB assessment process will now take six months instead of 30 days, with a $0 threshold for review applied to all transactions.
The Australian competition watchdog will examine how water markets' participants behave and what impact they have on water prices, as well as the extent to which the markets' original objectives have been achieved.
ACCC makes 10 final recommendations for wine grape producers and warns that a mandatory code of conduct could be introduced in 12-18 months if sufficient progress is not made.
With climate change high on the agenda again following widespread youth strikes and a rousing speech from Greta Thunberg, it’s incumbent on Australian ag investors to take action in the absence of federal government policy.
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