GasBuddy Blog

Message Forum - Read Message

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: Chinese money changing face of Australia’s land	Post a Reply Back to Topics

doeslayersr Champion Author Illinois Posts:9,111 Points:871,030 Joined:Dec 2010	Message Posted: Dec 10, 2012 7:01:24 AM Ignore doeslayersr Report Abuse GUNNEDAH, Australia — Tony Clift’s family has plowed the rich black soil of Australia’s Liverpool Plains for six generations. The thought of selling never crossed his mind — until a Chinese company came to town. Shenhua Watermark Coal offered to buy farms at unheard-of prices. The decision wasn’t easy, Clift says. His pioneer ancestors settled the land in 1832. But farming is a business nowadays, and selling his 6,500 acres made business sense. Visit The Marietta Daily Journal for full article

doeslayersr

Champion Author
Illinois

Posts:9,111
Points:871,030
Joined:Dec 2010

Message Posted: Dec 10, 2012 7:01:24 AM

Ignore doeslayersr Report Abuse

GUNNEDAH, Australia — Tony Clift’s family has plowed the rich black soil of Australia’s Liverpool Plains for six generations. The thought of selling never crossed his mind — until a Chinese company came to town.

Shenhua Watermark Coal offered to buy farms at unheard-of prices. The decision wasn’t easy, Clift says. His pioneer ancestors settled the land in 1832. But farming is a business nowadays, and selling his 6,500 acres made business sense.

Visit The Marietta Daily Journal for full article

REPLIES (newest first)Ignore Short Messages

heydano67 Champion Author California Posts:1,661 Points:357,435 Joined:Feb 2012	Message Posted: Dec 11, 2012 3:06:56 PM Ignore heydano67 Report Abuse Don't we have plenty of coal to sell them if they want it?
ziyulu Champion Author Oklahoma City Posts:8,491 Points:1,601,465 Joined:Aug 2007	Message Posted: Dec 11, 2012 1:21:43 PM Ignore ziyulu Report Abuse Does not meet submission guidelines... Select articles relevant to GasBuddy members News should be relevant to our members in the U.S. and Canada. [Edited by: ziyulu at 12/11/2012 1:22:50 PM EST]
jrs4125 Champion Author Indiana Posts:2,753 Points:590,770 Joined:Sep 2011	Message Posted: Dec 11, 2012 7:21:34 AM Ignore jrs4125 Report Abuse ok
leemun Champion Author Utah Posts:5,528 Points:1,039,150 Joined:May 2010	Message Posted: Dec 11, 2012 1:02:32 AM Ignore leemun Report Abuse Not a very patriotic thing to do, was it?
ExplorerWA Champion Author Washington Posts:4,073 Points:796,175 Joined:Feb 2011	Message Posted: Dec 10, 2012 10:55:52 PM Ignore ExplorerWA Report Abuse Hurt them economically...........buy American.
peakkeller Champion Author Colorado Springs Posts:1,686 Points:776,375 Joined:Dec 2009	Message Posted: Dec 10, 2012 11:35:36 AM Ignore peakkeller Report Abuse Trade-in farms for coal mines.
SycamoreISU Champion Author Indiana Posts:1,040 Points:259,685 Joined:Jan 2012	Message Posted: Dec 10, 2012 11:11:06 AM Ignore SycamoreISU Report Abuse Who needs to invade a country when people are willing to sell out?
LostInNY Champion Author New York Posts:1,711 Points:646,845 Joined:Apr 2011	Message Posted: Dec 10, 2012 10:20:52 AM Ignore LostInNY Report Abuse Everybody's interested in $$$, nobody's looking at the bigger picture!
LilRedWagonIN Champion Author Indiana Posts:7,771 Points:1,554,160 Joined:Oct 2008	Message Posted: Dec 10, 2012 10:11:24 AM Ignore LilRedWagonIN Report Abuse Australian farm land lost to the Red Chinese dreadnought.
fora_7 All-Star Author Montreal Posts:862 Points:206,405 Joined:Sep 2012	Message Posted: Dec 10, 2012 10:02:52 AM Ignore fora_7 Report Abuse Yeah, that's the new reality
endymion All-Star Author New York Posts:828 Points:171,705 Joined:Nov 2012	Message Posted: Dec 10, 2012 9:24:13 AM Ignore endymion Report Abuse It's happening here, too. Arab oil money has been buying Disney, ABC, Citibank, etc. for many years.
Goatroper Champion Author Dallas Posts:6,594 Points:1,293,485 Joined:Apr 2004	Message Posted: Dec 10, 2012 9:06:41 AM Ignore Goatroper Report Abuse Ours too.
TripleHs Champion Author Austin Posts:3,355 Points:916,590 Joined:Oct 2009	Message Posted: Dec 10, 2012 9:06:17 AM Ignore TripleHs Report Abuse they are everywhere
Gas_Eyes Champion Author Dallas Posts:2,672 Points:643,885 Joined:Mar 2011	Message Posted: Dec 10, 2012 8:57:43 AM Ignore Gas_Eyes Report Abuse The Chinese have a lot of money to invest.
badbonita Champion Author Syracuse Posts:6,219 Points:1,352,735 Joined:Jul 2008	Message Posted: Dec 10, 2012 8:37:21 AM Ignore badbonita Report Abuse It really is a hard decision to make - especially in today's economic climate.
cucamongacurtis Champion Author San Bernardino Posts:1,034 Points:219,135 Joined:Oct 2012	Message Posted: Dec 10, 2012 8:17:38 AM Ignore cucamongacurtis Report Abuse China will use its cash around the globe to buy up assets.
ironbox_sara Champion Author Albany Posts:9,586 Points:2,237,780 Joined:Mar 2006	Message Posted: Dec 10, 2012 8:17:34 AM Ignore ironbox_sara Report Abuse Beware.
bluebird1 Champion Author Toronto Posts:15,730 Points:3,107,150 Joined:May 2004	Message Posted: Dec 10, 2012 8:15:47 AM Ignore bluebird1 Report Abuse It's not just Australia, since China now has all the money to buy things. Look at Canada with large Oil investments in tar sands & more and now gov't has given OK for Chinese gov't to buy biggest Oil venture in Canada ever - with the note that other gov'ts need not apply as this is a 'once only' deal...so China wins twice!! The XL pipeline may be 'too much, too late' as more oil goes to China. The pipeline to BC coast will be first to flow,even though started yrs later ----mark my words!!!!
Eagle3236 Champion Author Missouri Posts:1,143 Points:208,200 Joined:Oct 2012	Message Posted: Dec 10, 2012 8:02:49 AM Ignore Eagle3236 Report Abuse This isn't the only thing they are buying. We need to get a handle on our economy ASAP. We should have built the Keystone pipeline days ago!
molebaby96 Champion Author Tallahassee Posts:2,121 Points:504,415 Joined:Nov 2011	Message Posted: Dec 10, 2012 8:00:24 AM Ignore molebaby96 Report Abuse They buy Florida and drill for oil.
molebaby96 Champion Author Tallahassee Posts:2,121 Points:504,415 Joined:Nov 2011	Message Posted: Dec 10, 2012 7:58:03 AM Ignore molebaby96 Report Abuse Maybe they can buy Kentucky and West Virginia.
sabre75 Champion Author Florida Posts:1,663 Points:340,395 Joined:May 2012	Message Posted: Dec 10, 2012 7:53:17 AM Ignore sabre75 Report Abuse Ok, we are next.
pscamp Champion Author Ottawa Posts:3,270 Points:474,160 Joined:May 2011	Message Posted: Dec 10, 2012 7:52:13 AM Ignore pscamp Report Abuse Yikes!
Night Owl Champion Author Toronto Posts:7,545 Points:1,785,625 Joined:Jul 2004	Message Posted: Dec 10, 2012 7:47:54 AM Ignore Night Owl Report Abuse Canada is selling out to the Chinese too.
merlinCO Champion Author Colorado Posts:1,635 Points:340,420 Joined:Mar 2012	Message Posted: Dec 10, 2012 7:46:18 AM Ignore merlinCO Report Abuse Chinese own big chunks here but not much farm ground.
OHIO50 All-Star Author Denver Posts:866 Points:1,018,800 Joined:Mar 2010	Message Posted: Dec 10, 2012 7:45:19 AM Ignore OHIO50 Report Abuse Big decision to take the money.
listerone Champion Author Boston Posts:3,375 Points:877,790 Joined:Aug 2008	Message Posted: Dec 10, 2012 7:45:19 AM Ignore listerone Report Abuse he says. “I’m very, very sad to see how everything’s turning out for the next generation; we’ve seen the best of Australia and I think it’s only going to deteriorate from here on.” Right on the money!
listerone Champion Author Boston Posts:3,375 Points:877,790 Joined:Aug 2008	Message Posted: Dec 10, 2012 7:43:57 AM Ignore listerone Report Abuse Australia will come to regret the day that China came knocking.
tiride54 All-Star Author Illinois Posts:509 Points:499,815 Joined:Dec 2010	Message Posted: Dec 10, 2012 7:43:01 AM Ignore tiride54 Report Abuse Selling out to the Chinese is always a great plan for your future.
Jeeputtputt Champion Author Ohio Posts:3,002 Points:677,465 Joined:Aug 2009	Message Posted: Dec 10, 2012 7:28:31 AM Ignore Jeeputtputt Report Abuse chinese money = "Made in AMERICA"
dabayer Champion Author New Hampshire Posts:2,748 Points:623,080 Joined:Oct 2005	Message Posted: Dec 10, 2012 7:25:07 AM Ignore dabayer Report Abuse Why are foreigners allowed to own real estate in the first place??? THAT'S the problem!
bar1035 Champion Author Charlotte Posts:9,152 Points:1,297,245 Joined:Aug 2006	Message Posted: Dec 10, 2012 7:23:43 AM Ignore bar1035 Report Abuse George Clift, 83, who refused to sell, is upset that his cousin Tony did. “You’re supposed to hand it down to the next generation, so if you’re not going to do that, you shouldn’t have been handed the land in the first place,” he says. “I’m very, very sad to see how everything’s turning out for the next generation; we’ve seen the best of Australia and I think it’s only going to deteriorate from here on.”
humblepie Champion Author Toledo Posts:34,182 Points:2,370,395 Joined:Mar 2006	Message Posted: Dec 10, 2012 7:22:45 AM Ignore humblepie Report Abuse at least someone has money and a real plan we used to but not any more im afraid
SUNOIL Champion Author Toledo Posts:5,240 Points:1,925,030 Joined:Jul 2007	Message Posted: Dec 10, 2012 7:07:19 AM Ignore SUNOIL Report Abuse They are starting to buy up Toledo too. It's called investing and looked at as good for us.
Tacodan Champion Author Cincinnati Posts:2,313 Points:653,215 Joined:Apr 2011	Message Posted: Dec 10, 2012 7:03:41 AM Ignore Tacodan Report Abuse You Yen some you loose some !
gcalleja All-Star Author Miami Posts:909 Points:548,995 Joined:May 2011	Message Posted: Dec 10, 2012 7:03:11 AM Ignore gcalleja Report Abuse They're going to own us too.
doeslayersr Champion Author Illinois Posts:9,111 Points:871,030 Joined:Dec 2010	Message Posted: Dec 10, 2012 7:02:21 AM Ignore doeslayersr Report Abuse It will not be long before the same thing is happening here.