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Australia proposes fast-tracking farmland deals from trusted nations like the U.S. and Canada, amid rising foreign ownership and calls for new safeguards.
Australia is proposing to automatically approve large foreign farmland investments from "trusted" nations like the US and Canada, bypassing the Foreign Investment Review Board, to boost national interest-aligned capital.
The move follows rising foreign ownership—13% of farmland, with Canada now the top buyer at over five million hectares—and concerns over rural asset concentration.
The government seeks public input on new safeguards, including rules for carbon credits in land deals, with feedback open until December 12, 2024.
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Australia propone acuerdos rápidos de tierras de cultivo de naciones confiables como los Estados Unidos y Canadá, en medio del aumento de la propiedad extranjera y los llamados a nuevas salvaguardas.