Govt has decision on Crafar farms

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Govt has decision on Crafar farms

3News NZ

Who should own our land?

Tonight, we can exclusively reveal that the Government has the Overseas Investment Office decision on the Crafar farms.

Will the 16 diary farms be sold to the Chinese investors prepared to pay $200 million for them?

Or will the New Zealanders, offering $170 million, be able to keep the farms in Kiwi hands?

Two radically different outcomes, with radically different consequences attached.

Watch the video.

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Comments

28/01/2012 6:28:49 p.m.

Anita wrote:

How is the government representing the people with this? 97% say no! Up from the 82% last year! I'm so mad. I want to know what I, as a New Zealand citizen, who cares about the fact that our assets are being sold oversease (please, what is 30 million when it means we get to keep our assets and reap the profits for years to come?) can do. How do we keep the government from going against the wishes of the majority? This is not a democracy if this is allowed to go ahead.

27/01/2012 6:59:42 p.m.

Callum Stevenson wrote:

I agree with Morgan why can't we just lease our land to overseas parties retaining ownership similar to that of the Rarotongans, once this land is sold it's gone we need to futueproof not worry about the now.

27/01/2012 6:41:09 p.m.

Heike wrote:

Everybody is missing the point about the Crafar Farm sales. It doesn't matter whether people are Chinese or Russian but what does matter is that the prices of the farms are getting out of reach for young New Zealanders because surely the prices are pushed up by foreign purchases. Can't be that hard to see.

26/01/2012 7:31:44 p.m.

B Green wrote:

I am a farm owner, what if we all start selling when the time comes to higher paying overseas buyers,where will it stop,no I would like to see these farms sold individually to NZ buyers.

26/01/2012 7:22:49 p.m.

Brad wrote:

I'd like to see a kiwi trying to buy a large piece of land in China, it won't happen, they don't allow foreign ownership of their land. So why should we allow them to buy so much of ours? We're being shafted to keep a few rich people happy.

26/01/2012 7:01:21 p.m.

Vicki Whatley wrote:

I strongly object to the Crafar Farms being sold to the Chinese

25/01/2012 10:52:47 p.m.

Morgan wrote:

In china,people dont buy or sell land, they "rent" land(from government), like my parents' house in china, is actually lease hold, for like 99 years, some of cities only have 70 years lease hold, like Shanghai.So I guess this company their HQ building in Shanghai is also lease hold for like 70 years. NZ is a different country from China, individuals own land,they can also sell or buy land.I watched the TV3 cambell live, there are 97% people in NZ disagree this deal. This is very understandable in China,Chinese may have more than 97% people disagree selling land to a foreign country,which make NZ and China similar.This is what I call "anti-globalization" This planet will be globalized, but not so fast, people won't accept it in a short period,neither Chinese nor kiwis.

25/01/2012 7:35:34 p.m.

Mike wrote:

So many people saying dont sell to overseas, yet not willing to put any money into such an idea.

The Campbell Live poll was 97% No to selling to the Chinese, but none of them would be willing to cough up the 30 mil more that the chinese have offered.

Easy to say No when your not willing to put your money where your mouth is.

25/01/2012 7:17:06 p.m.

Richard Hurst wrote:

The Crafar farms were owned by Kiwi's- the Crafar family who ran the properties into the ground, starved livestock, polluted local waterways and embrassed the NZ dairy industry as a whole. Not really a great advertisment for Kiwi ownership. As for Mr Fay's bid- there is nothing stopping him then dividing the farms up and selling them to overseas buyers in samll individual sale lots and thus avioding the need for OIC permission.

25/01/2012 12:24:33 p.m.

Jack wrote:

what if Chinese buyers withdraw the bid? anymore kiwi investors will come up with offers? Receivers are interested in their money.