Harvard over the Chinese
So the Harvard Endowment Fund can own $28 million of New Zealand land for dairying, but Chinese billionaires can't?
Pending OIO approval here is another chunk of $28 million of land that will fall into foreign ownership.
Will Landcorp bid on this one as well?
If not, then why not?
And will there be a public outcry of xenophobia over the Yanks buying up New Zealand farm land?
Pending OIO approval here is another chunk of $28 million of land that will fall into foreign ownership.
Will Landcorp bid on this one as well?
If not, then why not?
And will there be a public outcry of xenophobia over the Yanks buying up New Zealand farm land?
posted by Cactus Kate at 4:57 AM
14 Comments:
"...will there be a public outcry of xenophobia over the Yanks buying up New Zealand farm land?"
Nope. Because the motivation is not xenophobia; it is racism.
Is it not true that NZers can buy land in the U.S. but they cannot do so in China?
Anonymous - not true, Fonterra already owns farms in China.
http://www.radionz.co.nz/news/stories/2010/02/03/1247f1769f27
My concern has been the Organisation and its front people not so much their origin.
I see that the nice lady that is fronting this is still having some trouble in convincing her creditors from another of her operations to take 2 cents in the dollar. I wonder why.Could she pass the "fit and proper" test for the OIO I am sure that Harvard could.l
Kate you should link this post to the one some months back where you gave several reasons why the dodgy Chinese outfit would never get OIO approval.
You're degenerating into a politician.
So what if its racist to not want any more fucking chinks in NZ?
They are filthy over consumers of resources. They fuck up every bit of land they get.
Look at the filthy state of their shops when they take over a district such as Chowick in Akl, Asianhead in ChCh and Chingvale in Melbourne.
Anonymous - not true, Fonterra already owns farms in China.
http://www.radionz.co.nz/news/stories/2010/02/03/1247f1769f27
8:23 PM, June 26, 2010
Question. Does Fonterra own the land or just the business?
But what is the point of Harvard buying a dairy farm that will return much less than if the money was left in the bank?
Answer, its interested in the capital gains.. which is hardly a productive enterprise for farming to be involved in.
If the industry is to have future stability it must use its capital base to diversify profitably so that the land price becomes much less critical, ie, farmer share value in the likes of Fonterra should be as much from non farm products rather than milk.
Also, a decade or so ago (before Fonterra), the industry was bringing 8 new viable milk based products to the market due to excellent research and development.. I wonder if that is still happening today?
JC
Fonterra own shares in a company that owns the farms - Fonterra manage the farm with NZ cows and technologies.. No foreigner can own land in China.
Perhaps the Harvard fund does not see the long term future of the land as a farm...
I have no problem with the Chinese approach being turned down.
1) It is fronted by a fraudster. Anyone who can walk away owing 98c in the dollar and think they can immediately set up another massive company just doesn't get how we think.
2) China has most of the 10 most polluted rivers in the world. We have enough problems with polluted rivers from farmers that barely care, we don't want farmers that don't care at all.
Basically without Chinese / Asian immigration to NZ (and you can add Indians & East Europeans) NZ would be finished. The modern welfare state is unsustainable without the immigration of massive numbers of productive people into NZ from Asia.
Same goes for foreign investment in NZ farming. It is a big world NZ needs this investment from China. NZ is finished without it.
Anon 3.48pm - Foreigners cant own land in Thailand either...yet with offshore and local structuring they do....same in China
On history, (United Fruit Company, Nicauragua), the Yanks have a worse record than the Chinese as foreign landowners!
Speaking of pollution, interesting to see there is good evidence that the NZ milk supply is well infected with c.jejuni, mycobacterium avium subspecies paratuberculosis and other nasties- active agents in Crohn's disease.
Before anyone starts mumbling the standard dairyman excuses, understand present pasturisation processes don't remove all the nasties. The costs to do that are considered too high for what is seen as a minority experience- Crohn's disease. Too bad if you or your children are susceptible to infection. Fancy giving such products to children...?
So, if we are going to be discussing the "filthiness" of "polluting" Chinese, perhaps we ought to be consistent and consider the filthy behaviour of Kiwis with regard to how they treat their own.
Final comment. NZ will eventually end up majority Asian owned anyway. Get used to it. After all, the Kiwi is presently borrowing some NZ$230-million per week to continue living in the social style to which he is accustomed. That will have to be paid back one way or another. Givin the woeful standard of productivity in NZ (and the burden of total welfare government) it'll be paid back by the simple reallocation of the ownership of certain assets and resources.
LGM
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