Labour on farm sales – NOT good enough!
Labour has stated that,
“A Labour government would ensure sales were declined unless potential foreign buyers of farm or forestry land also invested in new processing or other related jobs. ” Source
Sorry, Mr Goff, but that is totally unacceptable and is merely ‘tinkering’ with the problem.
The sale (or leasing) of our productive farmland means that we lose profits to overseas investors. It means that a foreign owned farm will (a) export their produce (b) make a profit (c) remit much of that profit back to overseas investors, who look for returns on their investment.
It means that New Zealand farmland is priced out of reach of our own people, who cannot hope to compete with Americans, Germans, Chinese, etc. The purchase of the Crafar farms by Shanghai Pengxin’s over a Michael Fay-led local consortium should ring alarm bells in our heads. (More here)
Labour needs to lift it’s game on this issue.
There has to be a total ban on the sale/lease of farmland to anyone who is not a New Zealand citizen. Anything less will ultimately undermine our long term prospects for wealth-generation and prosperity.
We would end up tenants in our own country.