bitter harvest: warn of foreigners buy farms, page-13

MakingMoney

I agree with most of what you said. Like I said put the farms to be sold in a public trust and sell shares like a bond market and use the money to upgrade the properties. The people owning the shares can on sell them or take a big dividend. I know that's just a simplistic idea but its better than outright sale to foreigners. Let them buy into them that way so long as it remains 51% Australian owned.

The lease idea is good but I thought about 50yr lease. The problem is the foreign owners would legally be allowed to bring in foreign workers under 457 visa's.

The one big problem is the people who own the properties up for sale keep selling then to foreign interests. I understand that a lot of the time the only buyers are foreign buyers for the reasons you stated no one wants to buy the properties because they don't give the return.

Its a big problem.