Here’s the question: Did large Chinese companies, in league with their government, deliberately intend to harm the New Zealand and Australian economies by stockpiling products, in order to then purchase devalued land and commodities at a cut rate?
For several years, there have been whispers in New Zealand that farmers are becoming “tenants in their own land.” As Chinese companies move in more and more, carving out and buying for themselves swathes of New Zealand farmland (and Australian, too), those concerns are growing louder.
We New Zealanders are few in number but have slogged it out over the past century and a half to become the largest dairy exporter on Earth—sending out 95 percent of our product. Our dairy industry is critical to our economy. The livelihood of our country depends, to a great deal, on how well our farms do. Judging by what has been happening of late, that’s not so well at all.