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Keep it Kiwi

Kennedy Graham MP
kennedy [dot] graham [at] parliament [dot] govt [dot] nz (Email)

Selling off New Zealand businesses and land to foreign owners makes no economic sense. Foreign ownership means less accountability to what's best for New Zealanders. It also means more profits shifting offshore.

Kiwi land in the hands of Kiwis

Overseas corporations are buying up large amounts of New Zealand land. Over the last 15 years, Labour and National Governments have approved the sale into foreign ownership of more than 2,300,000 hectares of land.

The Green Party believes we must keep the privilege of ownership of New Zealand land for New Zealand citizens, permanent residents and New Zealand-owned companies.

Having productive farmland sold to overseas buyers is not in New Zealand's interests. Here are four reasons why:

  1. It means that the profits will flow overseas, adding further to our current account deficit.
  2. It drives up the price of land, out of the reach of people living in New Zealand. The sharemilker's dream of saving enough money to buy some land and become a dairy farmer is fast disappearing as the price of land spirals up.

  3. It could mean dairy produce is taken out of New Zealand and sold straight into other export markets, undercutting Fonterra on price. Fonterra is a cornerstone of the New Zealand economy.
  4. It threatens the integrity of 'Brand New Zealand', which is built on safe food, lack of corruption, and a perception of good environmental stewardship.

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