There is a political call for registration of farm sales to foreign interests.
I don't have an issue with that, once Australian investors and farmers see how atractive our resources really are they may have more confidence to invest themselves.
It is interesting that during a period of high local currency value and a consequent disadvantage to foreign buyers, that interest in Australian farming assets is so strong.
Unfortunately homegrown buyers have to contend with an interest rate several percent higher than other nations and are competing with superannuation and fund monies that don't have to service debt during droughts and floods.
What I do wonder is what politicians wish to do about foreign ownership, presumably there is some limit they have in mind. And what that means for sales when that limit is reached.
Some other views at Agmates.
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