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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.
A government-backed research project aims to examine the risks associated with agricultural development in the region and help ‘outline a clear path’ for investors.
The first wheat imports to Australia in years raise concerns about the sector – but there is still interest in cropping properties.
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