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Tag Archives farmland — page 11

(Dave Bedard photo)
Crops, Markets

Saskatchewan farmland off limits for pension plans next month

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Reuters/Staff — New rules for buying farmland in Saskatchewan, Canada’s biggest wheat- and canola-growing province, will take effect Jan. 4, and toughen its ban on pension plans investing, the provincial government said Monday. The changes make more explicit an existing ban on pension plans and trusts from buying land and continue to limit purchases of […] Read more
Australia’s Treasurer Scott Morrison, shown here earlier this year, has blocked the sale of S. Kidman’s farmland holdings to overseas bidders. (ScottMorrison.com.au)
Livestock, Markets

Australia blocks foreign firm’s deal for largest farm owner

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Sydney | Reuters –– Australia on Thursday blocked the sale of the country’s largest landowner, private farming group S. Kidman and Co., to foreign investors, saying an agricultural area the size of South Korea should remain in Australian hands. Ownership of farmland is a sensitive political issue in Australia amid concerns that foreign buyers are […] Read more
Traffic between Delhi and Agra. Prime Minister Narenda Modi is urging reforms to free up land for roads and other development. (CIA.gov)
Crops

India’s Modi battles opposition to key land reform

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New Delhi | Reuters — India’s opposition parties boycotted Prime Minister Narendra Modi’s latest attempt to build consensus around a business-friendly land bill Wednesday, boding badly for his ambitious agenda of economic reform in a parliament session that starts next week. Almost half of India’s 31 chief ministers spurned Modi’s invitation to meet him in […] Read more
(Dave Bedard photo)
Markets

Funds blocked from investing in Sask. farmland, for now

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Saskatchewan’s government plans to take a closer look at its rules on investment in farmland, but will block such investments by pension funds and other “institutional” investors while the review is underway. The province said Monday it will soon run further consultations and a review of farmland ownership rules as now laid out under the […] Read more
Crops

S. Africa’s proposed ban on foreign land ownership aimed at farms

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Johannesburg | Reuters — A South African government proposal to ban foreign nationals from owning land will apply to farms, not residential property, a government minister was quoted as saying Tuesday. In his State of the Nation address last week, President Jacob Zuma said foreigners would be barred from owning land and South African citizens […] Read more
Australian countryside near Bendigo, northwest of Melbourne. (CIA.gov)
Crops, Markets

Australia tightens rules over foreign buying of farmland

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Sydney | Reuters –– Australia tightened rules on Wednesday over foreign ownership of its agricultural land amid concerns that it is losing control of its own food security, slashing the amount beyond which land purchases would require regulatory approval. From March 1, foreign purchases of agricultural land over A$15 million (C$14.51 million) will be subject […] Read more
(Dave Bedard photo)
Crops, Markets

Sask. eyes tougher rules on investor farm buys

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Saskatoon | Reuters — Saskatchewan is likely to tighten what are already some of North America’s strictest rules for purchasing farmland, as it looks to fend off big money managers hungry for what they see as a winning investment. The province, whose fertile plains grow more wheat than Argentina, has become the latest front in […] Read more

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