In the midst of Australia’s worsening Energy Crisis and the debate around extending the life of old ‘dirty coal’ Power Stations, many Australians are asking: why does Japan pay less for Australian LNG (gas) than Australians do?
You would think that this bizarre situation would be ringing alarm bells in Australia but not so, as stupidly, Australians don’t tend to be too concerned or worried about the sustainability of their country’s long-term natural resources and assets. Meanwhile, our Asian neighbours are taking full advantage of our complacency. They act to secure their own nations’ future by implementing inter-generational food security plans, by purchasing Australia’s productive farmland courtesy of an ignorant and complicit constituency.
Take China for example: they have a population of approx. 1.4 billion people with an increasing demand for a nutritious, secure, clean, and sustainable food supply. They could purchase agricultural produce from Australia, but soon won’t need to, because Australia is selling their prime farmland instead.
I’m not against balanced foreign investment, clearly it’s a necessity, however, I do question the wisdom of allowing one country to increase its stake in Australia’s farm land ‘tenfold’ in the short space of 12 months, with China now owning 25% of agricultural land in Australia according to the SMH/Australian Tax Office’s Agricultural Land Register.
What happens if this trend continues? Should Government act immediately to control Australia’s sovereignty?
This shift in the ownership of agricultural land in Australia is of critical concern as it means that a significant proportion of local agricultural produce may no longer be available for supply and consumption in domestic markets. The new owners are not interested in making commercial profits in Australia, nor do they intend to trade produce on local markets. They are only interested in producing, processing and transporting the finished product directly into China to meet their growing consumption needs.
Not only are we losing ownership of the land, but also the food it produces. It is also an effective loss of future export revenue for Australia, recurring revenue which has been surrendered forever in exchange for a short-term capital gain on assets we now have no chance of ever owning.
We have been continually warned of the consequences of accepting excessive Chinese investments by the likes of world-leading economist Professor Niall Ferguson yet we choose to blissfully ignore the bleeding obvious.
At the current rate of change, Australian agricultural produce will be unavailable to Australians in much the same way as Australian LNG is restricted or in limited supply for the domestic market, because Australians have sold off control of their own natural resources.
Can you imagine not being able to buy an Australian Prime Steak in Australia unless you can afford to import it from China? If Australia keeps ‘giving away the farm’, we’ll end up with massive food inflation or more likely, Australians just won’t be able to buy food produced in Australia.
It will be a sorry reminder for those old enough to remember the restrictions imposed on Australians under the old British-Australian Meat Agreement when you couldn’t source or afford to buy locally produced meat: only this time the arrangement will be permanent.
17 October 2017
Nothing in all the world is more dangerous than sincere ignorance and conscientious stupidity. Martin Luther King Jr.