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 Emerson opens farm gates to Chinese buyers 

Emerson opens farm gates to Chinese buyers

20 Jan, 2012 08:09 AM
FEDERAL Trade Minister Craig Emerson is making himself an even bigger target for those who don't like to be told things that run counter to popular prejudice.

He already has a cross marked on his forehead by powerful trade unionists who hate his telling them their protectionist instincts are bad for their members and for the ­country. Some hate it so much they would like to see him lose Labor pre-selection, Geoff Kitney wrote in The Australian Financial Review.

Emerson risks posses of farmers joining his trade union pursuers.

The minister yesterday bluntly warned farmers that their protectionist sentiments and fear of foreign invaders were as damaging to Australia's long-term interests as industrial protectionism.

This is not likely to endear him to some Labor colleagues, who believe his advocacy of freer trade and economic openness is not good amid deepening economic uncertainty.

But Emerson is a passionate advocate of what he calls the "Hawke-Keating economic reform agenda".

Emerson used the release of a report by the Australian Bureau of Agricultural and Resource Economics and Sciences on foreign investment in our agriculture yesterday to advocate a new front in the evolution of the economy that Hawke and Keating began three decades ago.

The report gives Emerson cover for a strategy he launched last year to open what he sees as potentially huge beneficial links between the agricultural sector and foreign investors.

He is focusing on China and its vast and rapidly growing demand for agricultural products. Emerson took the initiative last year to encourage China to send an agricultural trade mission to Australia just before Christmas. A reciprocal Australian mission will go to China next month.

He says buying farmland is only a minor interest for the Chinese. Much more important is expanding the ­supply of food on the global market at fair prices.

But there is clearly unease among farmers about rising Chinese interest in buying Australian farms, processing facilities and agribusinesses, and Emerson made it clear yesterday that he sees a risk that this will generate politically dangerous xenophobia.

He fears this will undermine Australia's chance to become a key part of China's long-term food security planning, which presents opportunities comparable with those now occurring in the minerals and resources sector.

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comments


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Mr Emerson can say whatever it is he likes, that doesn't mean anyone is going to believe it!
Posted by Hungry?, 20/01/2012 8:25:19 AM
Craig Emerson has a brain with an IQ probably at least twice and more likely three times greater than the ignorant self-serving xenophobes, and there is also an obvious race factor that is raising its ugly head. Additionally, Emerson has admirable educational qualifications and wide experience in economics and trade. Why should Australia’s best interests be determined by or interfered with by ignorant uneducated fools? If we had historically allowed our future to be determined by such people, we would still be living in caves and clubbing the natives into oblivion to advance our cause.
Posted by Bushie Bill, 20/01/2012 8:41:34 AM
Emmerson is a hypocrite.

Suggest to him that the wages system should be deregulated, to enable Australian business to operate under a level wage playing field and see where he goes!

Posted by Jock Munro, 20/01/2012 8:43:12 AM
Gawd Bill, perhaps if you go and ask Julia real nicely, she might allow you to marry him!
Posted by Hungry?, 20/01/2012 9:15:50 AM
I note that China has been blocked from investing too directly in the minerals and resources sector.
Posted by Qlander, 20/01/2012 11:05:42 AM
Will China be allowed to bring its own farming machines and cheap labour operators to Australia?

If not. How are they going to fulfill Emerson's objective of "expanding the supply of food on the global market at fair prices"?

Posted by jock, 20/01/2012 12:00:27 PM
Most of the global financial problems were caused by highly educated people making bad decisions, maybe they should have asked some cave men for advice.
Posted by Troglodite, 21/01/2012 8:22:28 AM
Sell the milk to them, not the cow. Sell the ore to them, not the mine. Sell the apples to them not the trees. Sell the beef to them, not the beast. If we are always told we need the investment, which has been going on now for quite some time, where is all this revenue going? The roads are terrible, the hospitals are broken, education is poor, where is it going? If it's not being spent of infrastructure, then build our own steel factories, invest in our own agriculure..otherwise we'll be at the wim of foreigners.
Posted by Alphatwelve70, 21/01/2012 12:45:45 PM
Our nation is run by cretins.
Posted by R, 21/01/2012 4:47:52 PM
The figureswhere that a minimal number of business where owned by OS investors at 1% the problems lies in that 1% they own 11% of the land available and no mention of the type of land was given. Is it the best land with good soil and high rainfall. This did not get a mention in the article I read on this and it scares me. Are they only buying the best tracts of large large scale properties. And who do they employ and how do they manage the sale of the products

article was called Foreign ag investment steady since 1980s on 9 MSN

Posted by cameron, 22/01/2012 12:22:49 AM
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