bitter harvest: warn of foreigners buy farms, page-31

  1. 8,256 Posts.
    I think many Aussies would be interested in initiatives to keep local or balance the amount of land owned by overseas interests.

    Suggestions like:

    - Introducing Foreign ownership land taxes
    - Govt investment and bonds in local land ownership (and returns) - possibly link to Super Guarantee (compulsory component e.g. 2% in prime rural investments)
    - Are there any local Publicly listed companies that own/purchase/manage Prime rural land?
    - Encourage medium term leasing to overseas interests (as opposed to purchasing) - and tax breaks to encourage leasing and employment

    Our prime land is like gold - let's be smart in how we manage it.
 
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