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Tag Archives foreign ownership

Crops, Reuters

Kazakhstan’s president says farmland won’t be sold to foreigners

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Almaty | Reuters — Kazakhstan will permanently ban sales of agricultural land to foreigners, President Kassym-Jomart Tokayev said on Friday, ending a long-running discussion about controversial land reform plans. Provisions that would have allowed foreign ownership of farmland prompted public protests throughout Kazakhstan in 2016. The government decided at the time to put off the […] Read more
Crops, Markets

B.C. Greens seek limits on foreign ownership of farmland

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The party holding the balance of power in British Columbia’s legislature wants to curb foreign ownership of farmland in the province’s Agricultural Land Reserve (ALR). Green Party leader Andrew Weaver on Thursday introduced the Property Law Amendment Act as a private member’s bill, which he said “would prohibit foreign entities from purchasing ALR land over […] Read more
Crops, Reuters

Brazil to open farmland, airlines to foreign buyers

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Brasilia | Reuters — President Michel Temer will propose legislation to lift restrictions on foreign ownership of airlines and agricultural land in Brazil as he strives to pull the economy out of a two-year recession, government sources said on Monday. Temer’s centre-right government plans to send Congress a bill allowing 100 per cent foreign ownership […] Read more
Crops, Markets, Reuters, Soybeans

Brazil’s Rural Society contests limits on foreign land purchases

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Sao Paulo | Reuters –– Brazil’s Rural Society, a group representing large- and medium-scale farmers, filed a case with the country’s Supreme Court on Thursday seeking to overturn restrictions on the amount of land foreigners can purchase. The attorney general’s office tightened restrictions on foreign land ownership in Brazil in 2010, an action that officials […] Read more
General, Markets, Reuters

Australia backs farmers on foreign ownership gripes

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Canberra | Reuters –– The Australian government has sided with farmers who say official data vastly underestimates foreign ownership of the nation’s farmland, as it moves to clamp down on overseas purchases of agricultural land. Foreign ownership is a key concern for many farmers, a crucial part of the conservative government’s support base, who worry […] Read more
Crops, Markets, Reuters

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

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