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You want to cite a source on that? Somewhere between 5-10% of NZ farmland and forestry is owned by foreign interests. That's not just China, but all other coun
by toomanybeersies 9y ago
You want to cite a source on that?
Somewhere between 5-10% of NZ farmland and forestry is owned by foreign interests. That's not just China, but all other countries, of which Australia is a large investor in NZ. A large amount of this land is owned by super funds.
Fonterra has an 84% market share in the dairy sector, Fonterra is a collective, owned by the individual farms.
Now, the Chinese are building milk powder factories exclusively for export to China, and owned by Chinese companies. But they are employing local people, and constructed by locals, they aren't staffed by Chinese, because the hassle of trying to get a factory worth of workers immigrating to New Zealand isn't worth it, when you could just as easily pay locals. At the end of the day, you can't pay Chinese workers less, because there is a minimum wage.
The suppliers to these factories are independent dairy farmers, there's little vertical integration here.
In the end, these plants grow the economy and create jobs. Sure, in an ideal world, it would all be NZ owned, but nobody wants to cough up the cash here to build more plants.
New Zealand is a small country, it has always relied heavily on foreign investment and ownership, and always will. The population and economy is too small to do it any other way, NZ has to turn to globalism in order to have a healthy, functioning economy.
- syphon7 9y agoWell you could just pay them illegally under the table. I'm ignorant about NZs economy, and you have good points/questions but I felt that it needed to be said. In the US we have huge migrant groups that are responsible for a large amount of the harvesting in this country, and most are paid well under minimum wage. Not saying it's right... just how it is.
- jpatokal 9y agoIllegal migrants are easy to pay under minimum wage, because they're under the radar. However, illegal immigration to NZ is (comparatively) minuscule and you don't really hear about payments under the table, except in small businesses like restaurants, massage etc.
- roel_v 9y agoHow would you get sizeable groups of illegal farm helps into NZ? How would they live/send money back home/travel back home etc? NZ is a remote island, this is not a Mexico/Arizona situation. NZ native farmers are very in control of their farms and NZ's agriculture industry in general.
- deleted 9y ago[deleted]