Cubbie Station going Chinese
QUEENSLAND'S giant Cubbie
cotton station will be sold to the Chinese for less than the mooted price tag
of $300 million-plus, insiders to the controversial deal say.
Information provide by an anonymous caller exposes offers from the original owners to buy back the farm, so as to keep it in Aussie hands, yet the offer over near the asking price was rejected, with out negotiation, so fair play and transparency are and have been kept of the agenda.
The station has been
surrounded in controversy over the past years in relation to the huge water entitlement
it holds, some 537,000 mega litres and the massive 96,000 hectares of prime land it covers.
The Foreign Investment Review Board is believed to
have recommended to the federal government that the sale be allowed, with an
announcement due within days, begging a host of questions that should be
answered before the federal government dare endorse its sale, says Mark
Aldridge federal Independent candidate for Wakefield in South Australia
One of China's leading textile producers, Shandong
Ruyi is leading a consortium bidding for the trio of properties that line a
Murray-Darling tributary near the NSW border, one has to ask exactly what is
not for sale to foreign investment, says Mark.
There are many questions that should be answered by
the federal government, when they are selling of the farm and our dwindling
water supplies, my first question of federal Labor would be why, followed by
what happens if any issues arise.
Cubbie station has been under the spot light for its
huge water usage in times of drought in recent years, and many Australians have
questioned exactly why we even grow cotton let alone any kind of flood irrigated
crops at the expense of our national food bowl, but the primary question on my
lips, what happens if problems arise with either crop diversion or water usage,
are the federal government willing to take legal action against a foreign
Amongst the mired of questions that will be debate
in the public arena, will be one of price, Cubbies station has access to
537,000 mega litres of water, considering in desperate times our own farmers
paid up to $1000 a mega litre, this makes the price tag of less than 300
million, a bargain indeed, in this case I ask, is the land being given away for
free, with its water take alone being worthy of such a fire sale price?
This massive concern may continue to be
Australian-managed and there is about 20 per cent Australian equity in the
Shandong Ruyi-backed consortium. The irony is that 96,000ha Cubbie, Australia's
largest cotton grower, is set for a bumper year with its vast dams still
brimming after two seasons of good rains.
National Party Senate leader Barnaby Joyce, who
lives in the nearby town of St George, has led opposition to the sale, calling
on the FIRB to block it, and no doubt many genuine Australian representatives
will do the same, I personally would be standing alongside any who stand
against the sale of any primary assets and land. Said mark!
Cubbie produces over 10 per cent of Australia's
cotton crop and its massive irrigation entitlements make it a strategic asset
that should not be sold into foreign hands, says Mark.
I for one believe
the government should immediately stop the sale of any primary production land into
foreign ownership until we the people are given a chance by referendum to make
our position known, as it is credible to say, both Labor and Liberal are no
longer representing the majority view relating to issues of our national
security and our countries long term future.
Independent candidate for Wakefield
82847482 / 0403379500