Crafar farms sale comes with conditions

Fri, 27 Jan 2012 6:45p.m.

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Government ministers have approved a recommendation from the Overseas Investment Office that the 16 farms be sold to the Shanghai Pengxin group.

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29 Jan 2012 06:39p.m.

Chris wrote:

What a joke under Labour 10x times more land was sold to 'foreigners' then ever under National. [650.000 ha vs. 39,000 a.] Labour signed the the free trade agreement with China when Peter's was foreign minister. No one complained when the USA / UK / the Swiss brought up far more land under Labour. What hypocrites Labour and you mononic supporter's are. Not yo mention rednecks with you anti Chinese attitude - you all make me sick.

28 Jan 2012 09:08a.m.

Ruz wrote:

John Key owns property overseas (Hawaii) so he is unlikely to see the selling off of NZ land to foreign buyers as "no go". China has the ability to buy virtually all of our farms and it will be interesting to see if they seek to widen ownership with more purchases. Right now there does not seem to be anything to stop them and clearly the current Government sees no problem with that.

28 Jan 2012 08:50a.m.

Terence wrote:

@ George 1. Why did the bank lend Crafar so much? simple greed, just as in the sub-prime market in the US, so the bank must take some of the blame. 2. We are not allowed to by land in China so why should we let China buy land here, they should lease it like we do there. 3. The government is not bound to follow this recommendation, it is a ministerial decision. 4.The investment required is so high because the farms are being sold as one lot. If they were sold individually, local farmers could buy them, or local Iwi who have large amounts of settlement money would be very interested and could go it alone or form partnerships.