Crafar Farms?

[mashman]

I think there is more important things to worry about , like how much your electricity bill will be going up by;

Snip
The Mixed Ownership Model Companies are likely to have improved business performance because they would be subject to the market disciplines that come from being listed," it said.

Stephen

The price of everything is going up, we'll just have to use less of everything eh.

[Pedrostt500]

Well here is the start of the New Zealand Corperation, sold to the highest bidder.
http://www.stuff.co.nz/national/poli...r-farm-fallout

[Virago]

Crafar Farms.

Been well covered:

http://www.kiwibiker.co.nz/forums/sh...9-Crafar-Farms

At the end of the day, if they were being sold to some Hollywood celebrity, no-one would give a toss.

[Pedrostt500]

There is a bit more to it than we were first led to belive, read the whole article, the farms were offered in China and Singapore as individual units But not here in NZ, Shows that we are thought of as Pesants in our own country, by our own Government.

[oldrider]

Overseas investments and ownership has never phased me because they can't take it away and they are subject to "New Zealand law"!

That notion has taken a few hits recently and I am becoming more and more concerned that NZ law is being circumvented by the power of money and the services of NZ based lawyers!

The laws (instances that I know of) that are being flaunted (beneath the radar) and bi-passed seem to be Employment law!

Their attitude seems to be: Don't worry about the law .... make them an offer they can't refuse and negate all avenues of reprisal by use of confidentiality agreements!

Personally I believe these are instances that should and could be investigated by the OIO for conditions of compliance to their OIO agreement!

Of course I can not dare to identify any specifics but fear not, I do know of enough to make me aware that all is not as it is supposed to be!

The behaviour of the NZ based agents/representatives of the overseas investors act much like the CAPO's of the concentration camps and are IMHO worse than their masters!

My faith in the validity of overseas investment and our governments responsibility and willingness to keep them honest and on track is fast waning!

[SPman]

Their attitude seems to be: Don't worry about the law .... make them an offer they can't refuse and negate all avenues of reprisal by use of confidentiality agreements!

Ah - you mean like, Free Trade Agreements......

[YellowDog]

I don't see $200,000,000 extra money coming into the country as a bad thing.

I don't see a failed enterprise being rescued as a bad thing.

I don't see job security for many as a bad thing.

I don't see the remains of taxable profits going abroad as a bad thing (rather than the Govt funding losses).

Lots of foreign ownership in NZ already. Foreigners soon become Kiwis.

[Clockwork]

At the end of the day, if they were being sold to some Hollywood celebrity, no-one would give a toss.

I can see a world of difference here.... I'm surprised you can't

Overseas investments and ownership has never phased me because they can't take it away and they are subject to "New Zealand law"!

Not the land.... just the earning power (profits) of that land, in perpetuity.

I don't see $200,000,000 extra money coming into the country as a bad thing.

The money's not coming into the country it goes to cover the arse of the Aussie Bank's bad landing practices as ultimately all the money will simply pad the bottom line of the mortgage holder


I don't see a failed enterprise being rescued as a bad thing. But this could/should be done domestically

I don't see job security for many as a bad thing. Security for who?

I don't see the remains of taxable profits going abroad as a bad thing (rather than the Govt funding losses). Why not? This is money that is deducted from NZ Inc's bottom line.

Lots of foreign ownership in NZ already. Foreigners soon become Kiwis. But this is to be owned by a Foreign business. They aint gonna move here and become Kiwi's

[MisterD]

just the earning power (profits) of that land, in perpetuity.

Show me a "New Zealand-owned" farm that does not exist with a bloody big mortgage borrowed from overseas. In which case a big chunk of "profits" are still going abroad.

[mashman]

meh... they will do what they want to do. Remember, Party Vote National, one of the policies is asset sales. Your choice.

[YellowDog]

I don't see $200,000,000 extra money coming into the country as a bad thing.

The money's not coming into the country it goes to cover the arse of the Aussie Bank's bad landing practices as ultimately all the money will simply pad the bottom line of the mortgage holder

The banks have to be paid, it's still $200,000,000 of extra money

I don't see a failed enterprise being rescued as a bad thing. But this could/should be done domestically

But you'd need to find $200,000,000 of extra money

I don't see job security for many as a bad thing. Security for who?

Those who work on the farms and all of the associated businesses who thrive when a successful working farm is there to be their customer - Plus their employees and families............. MANY WOULD GAIN JOB SECURITY


I don't see the remains of taxable profits going abroad as a bad thing (rather than the Govt funding losses). Why not? This is money that is deducted from NZ Inc's bottom line.

No it's not, it's earning tax revenue for the country


Lots of foreign ownership in NZ already. Foreigners soon become Kiwis. But this is to be owned by a Foreign business. They aint gonna move here and become Kiwi's

The majority of NZ business is foreign owned. IMO - This would be a good deal for NZ

[HenryDorsetCase]

The majority of NZ business is foreign owned.

O RLY? got some stats to back that up?

[Zedder]

I can see a world of difference here.... I'm surprised you can't




Not the land.... just the earning power (profits) of that land, in perpetuity.

I agree, the selling of New Zealand land, companies or state assets is not good and needs to stop.

The short sighted government hasn't learned the lesson from selling state assets to foreigners back in the 1980s. If they had kept them in New Zealand hands and had them run by skilled NZ managers the nation would probably be laughing all the way to the bank now.

Also, can we buy Chinese land or companies? Like hell we can!

[Oblivion]

I personally think that the sale shouldn't go ahead. But, my guess is that it will anyway, because of the political motivation to get money into the country by selling off as many assets without thinking of the long term options.

If they are going to sell it, I'd prefer a lease type thing instead. You can use it as you own it, but, The ownership of the land is still in the hand of New Zealand. But thats just me.

[Winston001]

If they had kept them in New Zealand hands and had them run by skilled NZ managers the nation would probably be laughing all the way to the bank now.

Skilled NZ managers eh?

Like those in Feltex (liquidated), The Warehouse (buying Clints Crazy Bargains and Silly Solly), Telecom (more Aussie wrecks - AAPT), Brierly Investments, Robert Jones Investments (buying in Wall Street FTW), Air New Zealand buying Ansett, Apple Fields etcetera etbloodycetra...

Just a simple non-govt example: Telecom was trading at $8.20 in 1999. Now thirteen years later Telecom trades at....$2.60. Yeah! Thats gotta be a winner. Our biggest company is worth 1/4 of what it used to be.

New Zealand is littered with broken companies where managers thought they could take on the Aussies - never mind the rest of the world.

The premise that New Zealand government departments would have continued on after 1988 and risen up to world business standing is risible.