Farms, politicians, and emails…
The time-line thus far;
5 October 2009: Crafar Farms placed into receivership.
22 December 2010: Government blocks bid by Natural Dairy to buy the 16 Crafar farms on ‘good character’ grounds.
27 January 2011: KordaMentha accepts offer from Pengxin International Group Ltd to buy Crafar Farms.
18 April 2011: Shanghai Pengxin lodges application with the Overseas Investment Office (OIO) to buy the Crafar farms.
26 September 2011: Crafar farms receiver KordaMentha rejects a conditional NZ$171.5 million offer for 16 central North Island dairy farms from a group led by controversial former merchant banker Michael Fay.
To date, nothing further has been heard on this matter.
I have emailed Bill English again,
date: Sat, Jan 14, 2012 at 5:59 PM
subject: Crafar Farms
Shanghai Pengxin lodged an application with the Overseas Investment
Office (OIO) on or around 18 April 2011, to buy the Crafar portfolio
after Natural Dairy’s application was rejected.
Normally, applications take up to 50 to 70 working days to process, as
per OIO guidelines. (Ref:LINZ, Application Assessment & Timeframes,
Estimated decision times,
It has now been nine months since Shanghai Pengxins lodged it’s application.
As the Minister responsible for the OIO, can you explain why Shanghai
Pengxins’ application has not yet received a decision? I have written
to you previously on this matter, and received on an acknowledgement
of receipt of email, but nothing further.
Information on this matter would be appreciated.
It is my guess that the decision by the OIO was deferred last year because of the General Election. The sale of the Crafar Farms is a contentious issue, to put it mildly, and would most likely cost National the election had the OIO granted Shanghai Pengxin’s application.
I am betting that the OIO will make it’s decision in February or March, and will grant consent. I’m further “betting” that the consent will be made with some sort of “sweetener“, such as Landcorp managing the farms.
The result, however will be the same; productive farmland alienated into foreign control; valuable produce shipped off to Chinese consumers; and profits lost to Chinese investors.
Gain to New Zealand? A few dozen employees’ salaries.
I am reminded of John Key’s pronouncement on foreign ownership of our productive landbase,
The sell-off of our country continues.
That, coupled with the on-going de-unionisation of our workforce, is further indication of where our New Right government is heading.
Truly, we are in the midst of an ideological “civil war”.
No response has been recieved from Bill English or any other Minister on this issue. The only conclusion I can reach is the following;
- this government is ducking for cover,
- this government intends to allow the Shanghai Pengxin purchase to proceed,
- this government instructed the OIO to delay making a decision on Shanghai Pengxin’s application, because of the sensitivity of this as an election issue,
- this government has manipulated and interfered with the OIO process – just as National’s appointee to the Board of NZ on Air attempted to interfere with the broadcasting of a documentary, because it was considered as ‘embarressing’ to National,
- this government has accepted donations from Chinese businessmen connected to Shanghai Pengxin,
This is not the first time that National has benefitted financially from doing questionable “deals”,
This blog predicts that National will allow the OIO to permit the sale of the Crafar farms to Shanghai Pengxin, and will try to “sweeten” the deal with sale-conditions designed to satisfy public concerns.
For a better New Zealand…
~ Cleaner rivers
~ No deep-sea oil drilling
~ Less on Roads - more on Rail
~ A Living wage at $18.40/hr
~ Marriage equality - Yay! Got that one!
~ Strong, effective Unions
~ No secret free-trade deals
~ Breakfast/lunches in our schools
~ Introducing Civics into our school curriculum
~ Cut back on the liquor industry
~ A fairer, progressive tax system
~ Fully funded, free healthcare
~ Ditto for education, including Tertiary
~ Fund Pharmac for Pompe's Disease medication & other 'orphan' drugs
~ No state asset sales!
~ Rebuild public TV broadcasting!
~ Keeping farms in local ownership
~ Reduce poverty, like we reduced the toll for road-fatalities
~ Jobs, Jobs, Jobs!
~ Being nice to each other
- Letter to the Editor: Should Key attend Mandela’s funeral?
- Farewell, Nelson Mandela…
- I’ve voted – have you?
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- A letter to the editor…
- Bring in the clowns…
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- Radio NZ: Politics with Matthew Hooton and Mike Williams – 25 November 2013
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- Random Thoughts on Random Things #5…
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- Random Thoughts on Random Things #3…
- Random Thoughts on Random Things #2…
- Random Thoughts on Random Things #1…
- Another good poll for a LabourGreen government
- Radio NZ: Politics with Matthew Hooton and Mike Williams – 30 September 2013
- Endorsing Celia for Mayor
- How To Guide: Voting in Auckland
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