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Posts Tagged ‘Tenants in our own country’

That was Then, this is Now #10

5 February 2012 9 comments

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Source

Investors should not have to live here, Key says

Previous Blog post

That was Then, this is Now #9

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Competing against the Chinese Government…

26 January 2012 6 comments

Cont’d from: Farms, politicians, and emails

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Full Story

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New Zealanders should take note of the following, which was reported in the above article,

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“It is understood Pengxin has been conditionally approved to buy the farms, and management by Landcorp is thought to be among the conditions.

“We are in play, as we speak, doing due diligence on those farms,” Mr Kelly said. “We will then attempt to enter into a management contract. If we can’t, then that’s the end of the story. It’s extremely busy, but we’ve been asked by Pengxin to do our best and that’s what we’ll do.”

There was minimal risk to Landcorp in the deal. The only capital investment was likely to be in farm equipment and stock, which could all be absorbed back into the business if things fell apart.

New commercial opportunities in China could also open up later on as a result of the deal, Mr Kelly said.

Investigations into Pengxin are believed to have shown it to be a reputable trader with access to cheap credit from the Chinese Government.

“They’re not a Mickey Mouse outfit. What they’re doing is, without any question, advancing Chinese Government policy,” a source familiar with the company said.” Ibid

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There we have it.

The Chinese government is pursuing an agressive policy to buy up farmland where ever possible, to pursue it’s own narrow, nationalistic agenda.

To facilitate this form of commercial neo-colonialism, it is funding nominally “private” companies (eg; Shanghai Pengxin) with cheap loans – loans that New Zealand companies do not have access to. These “private” companies are acting as de facto arms of the Chinese Government.

The questions that remain to be asked are;

  1. What is the policy of the Chinese Government in buying up farmland around the world? What is the purpose of this massive buy-up?
  2. Will our government accede to the Chinese government and permit the alienation of our own productive farm-base to a foreign government, pursuing unknown, hidden agendas?

In pursuing their agenda, New Zealanders cannot hope to compete with the vast resources of a major economic power. If one of New Zealand’s richest men (Michael Fay) cannot out-bid a foreign investor – then there is no way that ordinary Kiwis can compete.

We will be out-bid every time a foreign buyer (whether German, Americam, Chinese, etc) wants a piece of our land.

The result will be that that, in years and decades to come, New Zealanders will become tenants in their own country.

Landcorp is setting itself up to be the first tenant in a foreign own farm.

Will this  be our future?

And will  we permit it to happen?

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Email addresses

Prime Minister, John Key: john.key@parliament.govt.nz

Letters to Editor, Dominion Post:  letters@dompost.co.nz

Letters to Editor: Waikato Times: editor@waikatotimes.co.nz

Letters to Editor, NZ Herald: letters@herald.co.nz

Letters to Editor, The Press (ChCh): letters@press.co.nz

Letters to Editor, ODT: odt.editor@alliedpress.co.nz

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Farms, politicians, and emails…

24 January 2012 5 comments

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January 14

To re-cap:

The second colonisation of New Zealand

The Crafar Farms – Why the delay from the OIO?

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,

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from: [email]
to: bill.english@parliament.govt.nz
date: Sat, Jan 14, 2012 at 5:59 PM
subject: Crafar Farms

Sir,

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,
http://www.linz.govt.nz/overseas-investment/applications/assessment#estimated)

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.

Regards
-Frank Macskasy

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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,

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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”.

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UPDATES

January 25

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,

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Full Story

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This is not the first time that National has benefitted financially from doing questionable “deals”,

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Full Story

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Full Story

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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.

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