Posted by: rivettingkatetaylor | February 11, 2012

Agreed. We seem to be scared of the Chinese.

Homepaddock

The Sunday Star Times put the sale of the Crafar Farms into perspective with a story on how much land has been sold to people from which countries in the last five years.

Figures released by the Overseas Investment Office show that of the 872,313 hectares of gross land sold to foreign interests over the past five years only 223 hectares were sold to Chinese.

People from the landlocked principality of Liechtenstein had purchased 10 times more land than the Chinese – 2,144ha in the same period.

The top buyers were the United States, Canada, United Kingdom, Australia and Israel. The United States had 194 purchases for a total of 193,208ha.

The figures do not show if there are any New Zealand ownership shares involved.

Nor do the figures show how many of the purchasers were sales from foreigners to foreigners and Inquiring Mind points out the difference between net sales and gross sales.

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