Labour’s Land Hypocrisy

When David Shearer stood at the gate of one of the clapped out Crafar Farms did he consider for even a minute that the farms were already owned by an overseas company and were ever since Alan Crafar defaulted on his loans to Westpac Bank, which correct me if I am mistaken, but I thought they were Australian.

But as long as they aren’t Chinee, Labour is fine with selling rural land:

During its nine years in power, Labour allowed 650,000ha to be sold; in 20 months National has approved the sale of 31,000ha.

Trevor Mallard thinks that Shearer gets a free pass though because he wasn’t an MP and so Labour’s past misdeeds don’t carry through.

Fran O’Sullivan schools Shearer and Mallard hard:

Labour’s Trevor Mallard has joined the fray opposing the Chinese bid. But it’s notable that he has not challenged any of the successful “Anglo Saxon” bidders for NZ farm land such as German investors, US and Australian investors. No dairy farms have yet to be sold to Chinese buyers. Penqxin also has extensive agriculture investments in South America and elsewhere.

Something Mallard omits to say is the Crafar farms are diddley squat in size and value compared to the amount of farm land that was sold offshore during the Clark reign. The Real Estate Institute said yesterday that rural property sales had a strong finish in 2011, reflecting good growing conditions across the country.

The institute pointed to the emergence of offshore buyers, mainly from Europe, acquiring properties in both Canterbury and other regions, although “this comes after extensive due diligence and securing OIO approvals in the six to 12 months prior”.

 


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  • Gazzaw

    Dumb bastards. Destroying whats left of their Chinese electoral support.

    So they would rather the Crafar farms went to the Fay consortium? Repaying old favours maybe? Who’s to say what Fay’s ultimate plans are for the farms, he has a good track record for flicking on NZ assets and skimming plenty on the way through.

  • Guest

    Westpac dont own it, the Crafars do, Westpac are just instructing KM to sell it.

    BTW, just in my my first search post Nov 2008 of the OIO decisions sees the OIO  decline UBNZ. I guess the Nats hate Chinese too

    • Jassen

      Being declined by due process is different from being blocked by a hypocritical political party.

    • Hakim of Phut

      There is the false idea around that the Crafars  werent paying their interest on the loans. 

  • Hakim of Phut

    Labour is  for the dairy farmers on Nationals proposal to make Fonterra give more milk to its competitors and will  be  with the cow cockies on this one. So Shearer has been busy after all

    • Gazzaw

      Let’s see how that pans out HoP. I can tell you that there is a lot more than meets the eye on this deal. More egg on labour’s face I fear. Shearer may have been busy but a tad misguided as you will find out.

  • Anonymous

    Typical Labour hypocrisy. They hate seeing their past deeds pointed out to them. Labour would be well-advised to keep their heads down on this, but the Duck has already popped his head above the parapet. 

  • Anonymous

    Agree with your points, Whale, but worth pointing out how the Herald puts the truth in the business pages, but left wing socialist ideas on the front page. Hypocrisy doesn’t end with Labour.

  • Kiwidon

    Really shows that the collective business acumen of Labour is zilch!

  • Anonynous Economist

    Labour is totally responsible for starting the BILLION DOLLARS A WEEK we are borrowing;
    those “Blue Commies” the Nats are responsible for keeping on with it totally unsustainable.

    The only real way to remove that huge deadweight debt mountain is to sell state assets to overseas buyers —- selling to NZ just moves the debt off the govt’s books and into the new “private” owners (superfund, Iwi) it doesn’t actually pay down NZ’s overseas debts.

    Key needs to terminate pretty much all the welfare programs immediately to stop the current borrowing; and then run a “fire sale” of assets – all the SOEs but hospitals, schools, roads & the railway (for scrap metal) – to get NZ’s massive net debt down to something manageable. 

    Then we might have a chance when the Euro really goes down the gurgler and we have to actually pay our own way with our own money!

  • Paulus

    The way for the Government not to partially sell SOEs is get the money from the cancellation of Working For Families, and charge an interest rate on Student Loans. These loan rates can be graduated over say a 5 years to normal rates, which the rest of us currently pay..

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