Sold out
As expected, the Nats kept on pushing until they got the answer that they wanted on the Crafar farms. A bit more of NZ has been sold out…
crafar farms
Chinese threats over Crafars deal
China’s political counsel (note, not a trade official) has threatened New Zealand over the Crafar Farms deal saying that New Zealand trade to China and investment from China is at risk. It seems an extraordinary action over a supposedly private business arrangement. As was Chinese Officials’ meeting with the OIO while the first Crafar farm decision was being made.
Seething O’Sullivan misunderstands markets
Fran ‘Sell it all’ O’Sullivan is fuming over the Court decision putting aside the approval of Pengxin’s application to buy Crafar Farms. She knows that Pengxin can’t satisfy the actual legal test because its bid has never been about bringing benefit to New Zealand. Its been about securing strategic assets for China. But some of her whining really needs to be pulled up.
Nats’ Crafar Farm kickback
On November 30th, after the election, National received a $55,000 donation from Oravida, a company formerly owned by Terry Lee, director of Pengxin’s Crafar Farms vehicle, Milk New Zealand. In light of National’s illegal decision to let Pengxin buy the farms despite a lack of real benefits to New Zealand, maybe we ought to examine that donation a little more closely.
Key’s ‘sell, sell, sell’ mantra out of touch with NZ
The Crafar Farms decision is sensible and a correct interpretation of the law. Foreign buyers must add something that a local buyer can’t, other than a higher purchase price. Otherwise, our farmers will continue to be out-bid for our land by foreign government-backed companies that can afford a lower rate of return, and NZ will gain nothing. So, why is National rushing to change the law?
Fran O’Sullivan will be distressed over Crafar decision.
Now there is a surprise (not). The Crafar farms sale doesn’t conform to the economic benefits required under the Overseas Investment Act. Fran O’Sullivan is going to be distressed. The decision by the OIO and government was not in conformance with the the Overseas Investment Act. Fran waffled about everything except what was required by the Act – as our “anonymous” authors pointed out and were abused for doing so by Fran.
Journalists – pah!
Fran O’Sullivan: a shill with diversions
Fran O’Sullivan took objection to RedLogix criticizing her articles on Crafar farms. It helps our traffic, but really she should relook at the utter crap she has been writing before attacking the questioner. She talks about everything except why the OIO within their legislation limited framework should or should not have approved the sale. The more that I reread her work on this subject, the more I ask: what in the hell is she trying to hide?
It’s not racist to want self-determination
Danyl at Dimpost says it all succinctly on Crafar Farms: while China is a rising economic super-power and a close trade partner of New Zealand, it’s also a totalitarian military dictatorship. People are allowed to feel apprehensive about such a state building its own vertical supply chains within the New Zealand economy without being labeled xenophobic and racist.
Being tenants in our own land now OK by Key
When he was running for re-election, John Key said he opposed selling the Crafar farms offshore: “I am concerned about the risk that New Zealanders become tenants in their own land”. Now he has won what is very likely his last term, he doesn’t give a damn about the farms going into foreign ownership and our publicly-owned farming company literally becoming the tenant of the land.