The Federalist: China to buy up the Australian dairy industry

Wednesday, October 3, 2012

China to buy up the Australian dairy industry

The Road to Serfdom Series
The Chinese Communist Party is looking to buy up the Australian dairy industry

Increasingly Australia is selling off their assets and becoming a Chinese Food Colony.
Australians will not longer be Masters in their own homes, but Serf hourly lackeys of their Communist owners.

The Chinese Communist Party controlled giant state sovereign wealth fund is looking to make its first significant investment in the Australian dairy industry, as it tries to lock up food supplies for its growing middle class.

In a potential test case for foreign investment laws, China Investment Corp, which is estimated to have $US190 billion to invest outside its home market, sent four executives to Tasmania this month.

They inspected two large dairy operations in the state’s north which have a combined value of more than $200 million and significant capacity for expansion reports Farmland Grab.

Chinese investors eyeing Australia's grain and dairy farms
Non-thinking Australian farmers eagerly welcome being bought out by the Chinese Communist Party.

Nationals Senate leader Barnaby Joyce, who led opposition to the Cubbie sale along with Nationals senator John Williams, declined to comment on Sunday, but Senator Williams questioned whether the dairy deal was in the national interest.

“I’d have to ask what is in the national interest in selling off milk processing to the Chinese government,’’ he said.

An investment from a sovereign wealth fund like CIC has the potential to be even more politically fraught, although in 2011 a subsidiary of China’s state-owned COFCO won approval to purchase Queensland’s Tully Sugar.

The CIC executives are known to have spent two days inspecting the Little Lion dairy operation, which is on the market for around $80 million. The privately owned group also has a 20 per cent stake in the Smithton milk processing plant, which only came on-line last week at a cost of $80 million.

The chairman of Wahaha, Zhong Qinghou, is known to have visited Tasmania recently and has shown some interest in the Little Lion operation.

He had previously tried to make an investment in the West Australian dairy industry but could not find farms of sufficient scale.

Giddings’ visit to China was partly aimed at promoting the $400 million expansion of irrigated farmland in Tasmania, which should result in the size of the state’s dairy herd doubling over the next decade.

China buying up Australia piece after piece

Politicians ask What’s in it for Australia

But Senator Williams asked: “What the hell is in it for Australia? Why are overseas governments buying our businesses when Australia is getting out of business? What’s in it for the long-term advantage of Australia?”

He said that Treasurer Wayne Swan should “have a look at this and tell Australia why this would be in the national interest, or will this be another 5pm Friday night announcement?” This was a reference to the timing of the Treasurer’s decision to green-light the sale of Cubbie Station.

And Senator Heffernan said the foreign takeovers act needed to be brought up to date from the 1970s, and asked whether the produce of the dairy farms would bypass the market and be returned directly to China.

“In the event that there is a proliferation of acquisitions that bypass the commodities market, you will distort the commodities market,’’ he said.

“This isn’t about xenophobia, we have been allowing foreign investment for 100 years – the issue is protecting our revenue base.”
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(Farmlandgrab.org)

Slice by slice Australia is selling off their nation for a few quick dollars.

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The Road to Serfdom Series

The world is moving toward a modern form of Neo-Serfdom where everyone works for the all-powerful State or businesses controlled by the State. A world where individual property rights and economic freedom do not exist.

FREEDOM IS VANISHING: What happens when the major employers are owned by government backed investment groups, or your food comes from government owned farms, or your news is delivered by so-called "private" corporations but are in reality connected and interconnected to governments?

George Orwell had a name for it: Big Brother.

Please check out other stories in our Serfdom series.

THE FEDERALIST - "China Buys Up the United States."

THE FEDERALIST - "750,000 Chinese have Colonized Africa"

THE FEDERALIST - "Korea secretly buys Australia."

THE FEDERALIST - "Australia and Africa become Arab Food Colonies."

THE FEDERALIST - "China buys Australia (For Cheap Too)"

THE FEDERALIST - "The Chinese conquest of Africa"

THE FEDERALIST - "China buys New Zealand - The Road to Serfdom, Part XVII"

THE FEDERALIST - "Arab Food Colonies in Black Africa."

THE FEDERALIST - "Chinese colonization of New Zealand blocked."

THE FEDERALIST - "Chinese "Slavery" in Africa - The Road to Serfdom, Part XIV."

THE FEDERALIST - "Argentina fights Saudi Land Grab."

THE FEDERALIST - "LAND GRAB: 160,000 people thrown off their land."

THE FEDERALIST - "China is buying up Argentina."

THE FEDERALIST - "Corporations use Global Warming to steal land."

THE FEDERALIST - "China wants to buy a huge chunk of Iceland"

THE FEDERALIST - "China to buy up Australian farmland"

THE FEDERALIST - "Brazil takes action to protect their farmlands from foreigners"

THE FEDERALIST - "Saudi Arabian "Food Colonies" in Argentina"

THE FEDERALIST - "China buys oil fields in Texas"

THE FEDERALIST - "America is committing suicide - The Road to Serfdom, Part IV"

THE FEDERALIST - "The Road to Serfdom, Part III"

THE FEDERALIST - "Benito Mussolini was right"

THE FEDERALIST - "The Road to Serfdom, Part II"

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Commissioned as captain in the 1st South Carolina Regiment of the Continental Army. After seeing much action, he became an aide-de-camp to General Horatio Gates. He was captured by the British at the disastrous Battle of Camden in 1780. After recovering from his wounds, he was released in a prisoner exchange. In 1781 he fought under Lafayette in Virginia. Appointed by President George Washington to be the U.S. minister to Great Britain served as Envoy Extraordinary to Spain. The Federalist Party made him a candidate in the 1796 presidential election as the intended running-mate of John Adams. Served as Congressman and Governor of South Carolina. Served as a major general in the Army during the War of 1812.

Henry Lee III, Federalist

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David Cobb, Federalist

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Josiah Parker, Federalist

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Philip Barton Key, Federalist

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