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Aussie farmers support China investment
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FARMERS from Western Australia are overwhelmingly supportive of Chinese and other foreign investment, new research released yesterday showed.
Despite researchers expecting farmers from WA’s wheatbelt to say foreign investment had destroyed local employment opportunities and caused a detrimental rise to land prices, they said much the opposite.
The research sought a grassroots perspective with bankers, property managers, government department staff members and farmers taking part.
“The most interesting results were from the farmers,” said Marit Kragt, an assistant professor at the School of Agriculture and Resource Economics at the University of Western Australia. “We actually didn’t find any prejudice against investment from specific countries.”
“There is a lot of investment from Arabic countries and (Southeast Asian countries) that you don’t hear much about.
“Most of the media attention is on investors from China but there wasn’t that many in the wheatbelt where we looked.”
Researchers expecting farmers to complain that foreign investment had taken jobs away from local people instead were told that the corporate businesses had hired local farmers, local farm managers, bought the inputs from the local area where possible and generated jobs for families.
Farmers also said natural resources were managed well.
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