In its June 2017 audit of foreign farm ownership, the Australian Taxation Office found just 13.6 per cent of agricultural land is in in foreign hands.
The Australian Bureau of Statistics (ABS) estimates that foreigners own 12 per cent of farmland.
British owners are the biggest foreign landholders, with more than 9.7 million hectares, but Chinese come a close second.
The National Farmers’ Federation estimates that 99 per cent of farm businesses are Australian owned.
Who owns Australian farm businesses?
Australian agriculture has enticing growth prospects and needs capital. Superannuation funds have money to invest for the long term. It should be the perfect marriage, but INTHEBLACK magazine finds underinvestment by institutional investors in agriculture.
Why Australian agriculture can’t draw investment