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Economic opinion needed on Chinese buying up agricultural land (food security)!

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AussieAustrianBlog posted on Mon, Feb 28 2011 5:48 PM

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What do yo mean? Do you have a specific question?

To paraphrase Marc Faber: We're all doomed, but that doesn't mean that we can't make money in the process.
Rabbi Lapin: "Let's make bricks!"
Stephan Kinsella: "Say you and I both want to make a German chocolate cake."

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Sure, sorry if i wasn't clear.

1) Is there any real economic threat to a nations bio/food security when foreigners, in this case Chinese, start buying up Australian agricultrual land/farms? For example, if China's massive population can't be fed due to a food crisis, then China would send the produce from Australian farms to China only, as oppose to selling on the market, including Australians.

2) Is it bad for an economy if foreign Chinese companies buy agricultural land/farms? Is this considered an invesment for Australians? What are the pros and cons to foreigners purchasing our arable land/farms and should it be stopped?

Hope this helps,

Chris

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