So the Saudis are joining in too.

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So the Saudis are joining in too.

Post by JSS » 06 Apr 2019, 7:50 am

Apparently we will sell our farms to anyone prepared to buy them. Our government need a kick in the balls for allowing this stuff to continue.

Western Australia's biggest grain farmer, John Nicoletti, has sold his 200,000 hectare portfolio of land to the Saudi Agricultural and Livestock Investment Company (SALIC) in a deal worth an estimated $60 million.

https://www.abc.net.au/news/rural/2019- ... l/10975458
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Re: So the Saudis are joining in too.

Post by Bill » 06 Apr 2019, 8:57 am

The liberals and Nationals have set the policy mate, I don't decry a farmer getting the best price he can for his land.

How many letters have you written to your local liberal or national member on this issue??
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Re: So the Saudis are joining in too.

Post by JSS » 06 Apr 2019, 12:04 pm

None, but i've refused to sell property to a foreign investor and instead opted to take less money for it from an Aussie group. So i guess it's fair to say i've put my money where my mouth is. How about you??
Also i'm not arguing about who set the policy....Just stating it's a bad policy.
Last edited by JSS on 06 Apr 2019, 5:58 pm, edited 1 time in total.
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Re: So the Saudis are joining in too.

Post by flutch » 06 Apr 2019, 1:52 pm

yeah this is beyond a joke... people need to wake up to this s**t,
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Re: So the Saudis are joining in too.

Post by bigrich » 06 Apr 2019, 5:43 pm

flutch wrote:yeah this is beyond a joke... people need to wake up to this s**t,


+1 :evil:

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Re: So the Saudis are joining in too.

Post by Sergeant Hartman » 06 Apr 2019, 6:42 pm

Mate this is a free world, if the guy got better money from a local buyer I am sure he would have sold it local.
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Re: So the Saudis are joining in too.

Post by 1Fatman » 06 Apr 2019, 8:53 pm

He has had some of his property on the market for sometime now and no one from Australia showed any interest so what choice did he really have.
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Re: So the Saudis are joining in too.

Post by marksman » 06 Apr 2019, 9:51 pm

oh come on,
Australia should be owned by Australians :drinks:
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Re: So the Saudis are joining in too.

Post by JSS » 07 Apr 2019, 8:12 am

1Fatman wrote:He has had some of his property on the market for sometime now and no one from Australia showed any interest so what choice did he really have.


That's right and the problem IS that he had a choice to sell to foreign investors. There are many countries who will not allow land to be owned by foreigners at all. And some of those who will allow it still won't allow the sale of farm land.
Yet we in our wisdom sell off not only land, but precious farmland and our utilities....... :roll:

Ziad wrote:Mate this is a free world,


Not it's not, who are you trying to kid??
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Post by wanneroo » 07 Apr 2019, 2:38 pm

The Saudis own farms in the USA too. They actually have a dairy industry in Saudi for their own local use and they get much of their alfalfa and hay from the US to feed the cows. Stuff goes out by the shipload every week. Welcome to the new world economy. You should see the stuff China is buying up in southern Africa.
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Re: So the Saudis are joining in too.

Post by marksman » 07 Apr 2019, 3:23 pm

so instead of you making something and selling it to them because they cant make it in there own country
they buy your country and make it for themselves to send back to there country for a profit your country missed out on :roll:
sounds kosher to me :lol:
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Post by deanp100 » 07 Apr 2019, 5:44 pm

There was a big property sold to Asian interests recently and everyone got all excited as they always do. Except this time it was an English company selling land it already bought to so eone else. No one cared when some good caucasians bought it originally. Everyone thinks it is great to stand up against foreign investment until it is you getting offered double.
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Post by Sergeant Hartman » 07 Apr 2019, 10:45 pm

Bloody right dean. If anyone starts up the Google machine and checks a huge percentage of Australian farm land is owned by US and European companies. The Chinese are actually a lot smaller than the media has you believe. We are more than happy to take their money and name stadiums after their airlines, let them setup huge horse racing enterprises. Or in case of Chinese, what most of us do, buy their s**t, sold by Chinese businessmen on Ebay, cuz it's cheaper. Thats fine. But no this guy it's not allowed to sell his farm to the highest offer cuz its not Australian.

Its fine that we buy an Australian car, built using parts from overseas by an. Overseas company where all profits goto USA, and worse we even subsidise then to 2 billion dollars.. which again basically went overseas. The company selling you electricity is a foreign owned, esp like the ones running the coal power plants in Victoria they own huge amount of land to dig out coal...is fine..

Seriously where will our hypocrisy end.

Mate if you were selling your house I would be interested to see what you would do if the buyer was a pommy or German (99% chance no issues I am sure).

Mate if you were selling your house, and a Chinese offered you $300k more than market value I would like to see your morals then.

Whether its right or wrong, should or shouldn't happen I am not going to comment on. As the government has fkd up too many things
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Re: So the Saudis are joining in too.

Post by JSS » 08 Apr 2019, 6:35 am

Ziad i don't care what country it is doing the buying, selling our country, especially valuable assets like farmland and utilities is a fools game and should never happen.
As far as you throwing "buying overseas products" in to try and support your argument, well that's just stupid...it's a completely different thing and has nothing to do with purchasing land and assets, if you can't see the difference you really don't understand the conversation that's going on.
As far as testing peoples morals...you obviously didn't read my second post, or perhaps you only see what you want to see? That would makes sense considering many of your comments. Also i'm not blaming the farmer, as stated in the original post the government is to blame for allowing the practice. If it wasn't allowed it just wouldn't be an option.

Let's make it simple and forget about Australia as a country for a minute and think of it as a person. Now this person owns a house (eg real estate) to live in, and some profitable businesses (eg utilities companies) to make income from, and a farm (obviously farmland) to to make money and feed themselves. Do you think that in the long term the person and their children and grandchildren will be better off if they
A) Keep their house which grows in value and provides then somewhere to live. Keep their businesses which earns money for them, and keep their farm to feed themselves.

or B) Sells their house and over time ends up paying the money they got from the sale all back as rent to someone else. And sells their businesses and now makes no profit from it and also has to pay someone else for the thing the business makes, and sells their farm and then needs to buy their food from someone else, someone who can charge what they want, or even refuse to sell them any food and keep it for themselves.

I know which scenario is going to leave the person and their family in a better situation in the long term and which one is going to leave them with nothing.
Worked it out yet???

Ziad i know you love to play the racist card every chance you get, but it really doesn't matter what country it is or what colour the people are to me. Selling assets to ANY foreign investor is a BAD idea.
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Re: So the Saudis are joining in too.

Post by straightshooter » 08 Apr 2019, 8:06 am

I suppose as we are coming up to an election just about every popular phobia will get ventilated.
I personally don't have a problem with foreign ownership of property in Australia.
What is the great fear, they will dig it up and send it off to wherever and we will never see that dirt again?
No they will be (or at least should be) subject to Australian laws and taxation just like any other landowner.
My greater fear is foreign ownership of our political class and the highly favourable deals this sometimes generates.
Lets face it, this dog whistling appeals to those are happy to appease their anxieties by howling at the moon.
Meanwhile it diverts attention from the real problem in Australia.
That is we are now a country with first world lifestyles and expenses existing in a diminishing third world economy.
Yes primary produce, holes in the ground and bag carrying.
In industrial terms we produce relatively little significant output.
And what remains is being pushed out by left and lefter aided by green and greener.
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Re: So the Saudis are joining in too.

Post by Sergeant Hartman » 08 Apr 2019, 8:58 am

JSS, now I do understand what you are saying. So maybe I'll explain my point without the whole speech.

The fact is since the foreign ownership register was setup 4+ years ago. The ownership mix hasn't changed much, even though the media and some politicians have you believe otherwise. This is all so that people hey scared... just like they do with guns etc.

what has happened is that mostly UK or US or Singapore companies are selling up and those parcels are picked up by Chinese, also mostly this land is grazing stations so not as fertile land.

Intersting fact (which I only found out today) is that one of the biggest Chinese landowners is a joint company with Gina Reinhardt in SK Kidman pastoral company.

Anyway this is a good article if you want to read.
https://www.beefcentral.com/news/foreig ... and-grows/
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Re: So the Saudis are joining in too.

Post by JSS » 08 Apr 2019, 12:25 pm

You said you were going to explain you point....So what is your point??? So far you've just stated a couple of facts that were never in dispute and that don't change anything, nor do they back an argument in any way. All you've done is write down what is happening....we already know it's happening.
So if you could please explain your point as to why you think it's not detrimental to our country, which is what this thread is all about.

I think we can all agree China are a world power, and are a very smart country who are forward thinkers with long term goals. They won't let foreigners buy any land there. Maybe you think they are wrong and have no idea what they are doing?? Maybe the pathetic greedy self serving Australian politicians with their "next term" foresight are actually smarter.......You've got to be kidding!!
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Post by Bill » 08 Apr 2019, 1:29 pm

So JSS what's your actual point here?

Your not politically active, are you happy with British ownership but not Chinese?

Please Explain.....
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Re: So the Saudis are joining in too.

Post by JSS » 08 Apr 2019, 2:49 pm

Bill wrote:So JSS what's your actual point here?

Your not politically active, are you happy with Brtttish ownership but not Chinese?

Please Explain.....


I've been pretty clear from the start, my original comment and point is it's a bad government policy to allow foreign ownership of Australian land & assets, and this means to ANYONE,OF ANY COUNTRY OR RACE, Because it simply isn't in the best interest of our country as a whole. The fact that it's been going on forever doesn't excuse it or make it a good thing.
I never mentioned the Chinese except to use them as an example of having a good foreign ownership policy and being smart operators.
Ziad is the one who brought up & tried to infer my (and others) point was about the Chinese or people who weren't white when he tried to turn it into a racial thing like he always does.
Just like how you jumped in with your first post defending the farmer. I never blamed or said anything negative about the farmer, not once!! My position has been the same start to finish "Bad Australian Government Policy".
Have a good read of the whole thing start to finish if you're unclear.

I can't make my point any clearer or simpler than i already have, so by all means have a differing opinion but please don't try to make up false arguments about things that weren't said just to use as ammo to try and justify your stance.
As for me i'm tapping out now because when people stop reading what's written and start making their own narrative on what others say there's no point in going on, and everyone becomes a loser.
Cheers :drinks:
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Post by deanp100 » 08 Apr 2019, 6:32 pm

I visit a large noerthern territory property that is managed by a close friend. It was bought by an Australian who then sold half share to an Indonesian group to raise capital to start improvements. It is managed by Australians , employs Australians, uses Australian truck drivers, mechanics, builders , lab technicians , buthchers, shooters stockmen, everything. It is doing Australian research , growing hay for sale to other Australians..etc. I have never seen an Indonesian there. The profits may be split with an offshore entity and you won’t see it, but you wouldn’t see it if the Aussie guy kept it all himself of anyway. They sell cattle to Indonesia when they can. They did that before anyway. Everyone i# trying to get export contracts. Contracts make jobs. What’s the difference if it is owned by someone else.
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Re: So the Saudis are joining in too.

Post by Sergeant Hartman » 08 Apr 2019, 9:48 pm

Mate we live in Australia, a country with western values of openness, capitalism etc. Economic experts tell us that the lifestyle we experience and have gotten accustomed to is due to allowing the market to dictate supply and demand and opening it up. To, in a way self regulate.

Countries like Thailand, China etc which are more closed and highly regulated including around ownership of business and land etc. You can see the quality of life in these countries of the normal people is no where as good as us.

I brought up racism aspect because of three reasons firstly as I stated by facts the reality is that the total number of foreign owned land hasn't changed much, it has only changed from country X to country Z (see 3 below)

Secondly a lot of foreign owned land is in a joint venture where a local entity and a foreign entity jointly own the land share the costs and profits and usually employ Australian jobs.

Thirdly, the actual topic of foreign ownership has only recently (5/10 years, usually by right leaning politicians) come up and its always regarding how the Chinese are buying up all of Australian land, it's a media and politician beatup to serve their own seperate interests. And it very conveniently forgets the reality (as explained by the above two points) that most of our foreign owned land is still held by non Chinese foreign countries.

So by stopping a cashed up foreign buyer there is a chance many Australians will loose jobs as huge investment is usually required to improve facilities, processes and the land itself to make it more productive and garner economies of scale to compete in the global market esp with countries with vastly lower labor costs.

Hopefully I have explained your specific questions mate.

Going back to my first post, I be more angry with the government for allowing destructive mining including fracking on vast tracts of fertile land in NSW/QLD and the possible effects on the water table there, and churning over very fertile land next to all the major cities to build more and more houses, instead of a foreign company buying 100,000 acres in middle of barren whoop whoop desert where the most it can do is run a couple thousand heads of cattle/sheep.
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Re: So the Saudis are joining in too.

Post by mickb » 21 Apr 2019, 11:31 pm

its the deal we chose. After the USSR collapsed the 1st world set up business all through their half of the world we previously couldn't and made bank out of them. It was luxuries for all, cheap imports from china, 20% stock returns, easy credit, an 18 yr old in 1993 was the first generation( and last) who could get a house loan and brand new HSV in the same year and pay the house off in 10-15 years with a family on a single income. We sold entire sectors to Asia like manufacturing and created a bunch of fluff service jobs like analysts and safety marketing HE qualitychecking dog shampooers to keep ourselves employed and interested. It was money for all and rejoicing throughout the land.

Then the economies tanked, the durned Ruskis started claiming their territories back, the Asians started charging what they wanted since they knew we had forgotten how to make anything ourselves and the wheels started to fall off the wagon. But folks still wanted new sports stadiums, a closer mcdonalds, 100x more types of cornflakes brands and car models, fruit arriving same day by truck not train, a constant flow of plastic junk delivered to their door and so we came up with a new plan. No its actually the same old plan. Sell more of our most important assets to support bloated lifestyles.

Eat that mcdonalds and suck it up folks ;)
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Re: So the Saudis are joining in too.

Post by on_one_wheel » 22 Apr 2019, 6:52 am

I tend to agree with zaid here

I've got a few views on the topic.

I'm short of time so I'll make dot points for now

Pros

The farmer gets max $$$$$$ for his property

Someone needs to run the property, the jobs stay at home.

They can't take the land anywhere.

They are forced to run the property to AU standards.

Often the original owner is left to manage the property without the stress of income as they're are on a wage.

No more stress about machines and infrastructure. That belongs to the multi national owner who props up properties that are having a tough run with properties that are having a good run (world wide)


CONS ... and it's the biggest problem.

Profits go over seas.
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Re: So the Saudis are joining in too.

Post by mickb » 22 Apr 2019, 9:00 am

on_one_wheel wrote:CONS ... and it's the biggest problem.

Profits go over seas.


A lot worse than that mate.

The other cons are these foreign businesses gain lobbying power the more they own. Significant buying power gets significant respect. They can push immigration from their end, construction, and get infrastructure deals like being allowed to rebuild our power systems in the 90's with an exortbitant ROI deal with our governments which is why electricity bills have tripled in the last 25 years ;) .

Our property being driven in a global market is also why real estate values quadruple despite the fact our population hardly moves. :?

So its lot more than just 'selling a farm' guys, you enter global markets, you enter global games which is why we now have an entire generation flat out affording inflated house prices or the cost of living ;)

Not that it effects me as much, I am part of the generation that owns their house and millenials will be paying rent to until they are 60.
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Re: So the Saudis are joining in too.

Post by Sergeant Hartman » 22 Apr 2019, 10:07 am

Mick with respect mate, the facts on the ground are very different than what you saying.... maybe you didn't read my comments, if you read them again all these things you are worried about has already happened and been happening for 30+ years. This just means that instead if the American and British companies and entities owing properties and businesses now their are other countries taking over.

I get worked up, cuz I see on one hand we are happy to take their money for sponsorships of our sporting events, we happy to buy their cheaply made crap (china) or the things they dig up from the ground (oil) but get upset when they want to spend that money back with us.
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Re: So the Saudis are joining in too.

Post by Member-Deleted » 22 Apr 2019, 4:10 pm

We sent men and women to their deaths to keep Australia in Australian hands do we now say that's ok because they've been selling Australia in bits for 30 odd years
and its not a matter of us buying their products, because they bought the companies and that's all you could buy after that as the rest went broke or were bought out if things are ok to some then why has the gov of the day done most of the selling off quietly its only the last few years that the enormity of foreign ownership of bits of Australia if the government was doing its job it would have backed up the Australia business companies but no they shafted business like they did the returned servicemen for those that think that the profits from foreign owned business and property will stay in Australia well you are only kidding yourselves it will end up like Apple $100million dollar profit and not a cent stayed in Australia it somewhat saddens me reading some of these posts saying its ok for foreign ownership of our land and businesses and its ok for a farmer to sell the land to a foreign country, this is where the Australian gov should step in and back our businesses to buy it and keep it in Australian hands and for an Australian to sell his land because it's best price for him well mates A traitor thought that swapping sides was the best for him to but he got shot if caught so why is that different to a farmer selling his land to a foreigner and it be ok after his country men and women have died to keep his land Australian there are a lot of good points from all on here but I disagree with selling any more land to non Australian hands '' I ask you when you go over seas for many years do you still call yourself Australian'' and if a war broke out what side would you fight for and there is the answer why we should keep Australia Australian you can send aide ,help the world ,accept refugees none of which is a problem but keep Australian in Australian hands whats done is done but do no more ( sorry if I've upset anyone not my intention)
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Re: So the Saudis are joining in too.

Post by Chronos » 22 Apr 2019, 7:04 pm

Look at the numbers before you drag out the nationalism flag.

The area of foreign owned land hasn’t changed in nearly 5 years and is stable at around 12%

Easy to blame the current government for your woes but have a good hard look at your own buying decisions and ask “who’s really supporting foreign trade?”

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Re: So the Saudis are joining in too.

Post by Sergeant Hartman » 22 Apr 2019, 8:26 pm

The issue is many people don't look at the facts cuz they were told by their politician or Facebook page that the foreign people have bought up 99.99% of Australia.

Now I been banging my head holding facts... it's sad people just don't want to listen to facts and class it fake news....if they don't support what they believe
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Re: So the Saudis are joining in too.

Post by Member-Deleted » 22 Apr 2019, 8:49 pm

We are governed by who is let into Australia to sell their wares and that is a government decision people have no say in who trades with us and who doesn't and what was available years ago more so than now but now a lot is bought online because a lot of stuff can't be bought in Australia as companies have gone off shore but we are not talking trade we are talking about Australian land and keeping it for Australians if it be foreigners becoming citizens or Australians period it's silly to think we don't need trade and interaction with other countries and doing our bit for humanity but selling land to foreigners is not in Australias interest and not changing in 5yrs is only a blip on the radar I get the feeling that some people think that the land can be sold to outsiders and things will be honky dory there will be so many things that will be uncontrollable in doing so its not funny once you have sold not talking lease the land then becomes theirs you cannot regain that land until the owner wants to sell and then do we really know the exact % of land that is controlled and 5yrs well it was only last year a 90 or a100year lease was put on Darwin harbour by the Chinese so there 's an increase so if the government is not a major party to blame so we just blame the people who have no say in how things should be run or shouldn't be run people buy what they can afford and these cashed up foreigners know it and the gov and those concerned do deals behind closed doors then the train ride begins don't ever think these people do things for us its for power and greed :thumbsup: :drinks:
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