16.08.2010 - Alarm bells at sovereign funds' farmlands foray
From Farmonline.com.au: Sovereign wealth funds have become the central issue in the debate over foreigners buying up rural properties in Australia. While there are many examples of foreigners buying land in the past couple of years, Qatar-based Hassad Food, which is backed by the Qatar Investment Authority, exemplifies sovereign wealth funds buying up rural land in Australia to feed not only Qatar but other Middle Eastern countries concerned about food security. Hassad has bought more than $40 million worth of sheep stations in northern NSW and South Australia in the past six months and intends to increase its land holding..........................................Full Article: Source
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