Publication: The Daily Examiner Date: 23 July 2015 Reporter: Matthew Elkerton
LEADING Australian agribusiness law firm Holding Redlich has said the sky was the limit for Northern Rivers’ farmers and producers.
With a plummeting Australian dollar and economic viability growing around the world, Australian agriculture has seen a heightened investment from foreign corporations from Europe, Asia and the United States of America.
“As the world becomes more populated and more people progress into the middle class there is a higher expenditure on more luxury items of agriculture,” Holding Redlich head of agribusiness Brian Healey said.
“International investors see the fundamentals in investing in Australian agribusiness.”
While Mr Healey said foreign investment into Australian agribusiness was not a new concept it was definitely increasing with a lot of corporations looking towards straight capital injection methods.
“I think it has done really well where investors have gotten involved in joint ventures,” he said.
“For the investors to pump capital into the local farming ventures, keeping the managers in their roles and the workers in their roles has worked really well.
“It is a win-win situation for both parties because the local guys are staying in business and the investors are reaping the benefit of the local knowledge in operations.”
Mr Healey said he had already seen a recent increase in foreign investment in the Northern Rivers and expected it to get much better.
“I already have had international investors looking into a herbal product in the region,” he said. “There is also an increase from Asian markets for macadamia nuts which are harvested in the region as well.
“There is a lot of opportunity in the Northern Rivers. I think in the near future the sky is the limit.”
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