The sell-off continues.
FERTILISER SALE
Australian farmers are worried about a bid by foreign companies for Australia’s biggest fertiliser manufacturer, Incitec Pivot Limited (IPL).
IPL recently confirmed to the Australian Stock Exchange that it has received a number of approaches to buy its fertiliser business for an estimated value of $1.5 billion.
IPL is one of the largest importers of fertilisers from plants in Phosphate Hill and Geelong, and was previously the sole producer of urea in Australia.
It stopped production at Gibson Island in January, and it now appears that state-owned Indonesian company, Pupuk Kaltim, is the frontrunner.
The Indonesian state-owned enterprise has several fertiliser plants of its own, but wants to “increase supplies to support food security” in their country.
Farmers need fertilisers like urea, ammonia and NPK — a blend of nitrogen, phosphorus, and potassium — to boost pastures and crops.
And the same farmers want IPL to stay Australian.
National Farmers Federation Vice President, David Jochinke, said the pandemic proved Australia needed its own supply of key resources and fertiliser was one of them.
For instance, IPL received a $29 million grant from the federal government early on in the COVID ‘pandemic’ to produce refined urea to help shore up domestic supply of the additive AdBlue.
Jochinke conceded Australia does need capital to develop manufacturing, but says he wants the Foreign Investment Review Board to keep farmers at the centre of any decision they made.
“Our preference will be someone who understands the fertiliser industry, somebody who’s got Australia’s best interests at heart, especially our farmers, and somebody who can actually build this industry,” he said.
In a familiar story, we are once again witnessing a leading Australian company about to be bought up by offshore entities, putting us at even greater risk of a weakened supply chain in times of crisis.
Indeed, foreign investors have sucked up just about everything in Australia for themselves in recent decades, from food and water, to power and gas, to farmland and agriculture.
What little national sovereignty we have left diminishes with each and every sale.
THE FOREIGN TAKEOVER
The selling off of Australia has been a massive concern for many citizens for years now.
Perhaps the biggest public backlash came after a Chinese company purchased a 99 year lease over the Port of Darwin for $506 million.
As a result, the Register of Foreign Ownership of Water or Agricultural Land Act 2015 was introduced shortly after, and from 1 July 2017, foreigners are now required to register their interests for approval.
But, this still hasn’t stopped just about everything being leased or sold.
Sticking with the theme, let’s take a look at farming and agriculture.
As of 30 June 2020, the estimated proportion of agricultural land with a level of foreign ownership in Australia is 13.8 per cent on a national level.
Of the land classified as foreign owned in Australia, 26.2 per cent is now in Tasmania, putting it ahead of the Northern Territory at 25.8 per cent and Western Australia at 17 per cent.
Keep in mind, these are pre-pandemic statistics.
There are a number of uses for our land, but apart from Tasmanian forestry, the majority of agricultural use is indeed for crops, which need fertiliser from groups like IPL.
In 2019, we reported on how the proportion of total water entitlements with a level of foreign ownership is 10.4 per cent, making up a total volume of 4,035 gigalitres across Australia.
This includes significant investments in our precious Murray-Darling Basin.
Let’s also not forget that the majority of Australia’s electricity and gas networks are also now owned by foreign entities, particularly in China, as our review boards continue to approve controversial sales.
Thankfully, there are some good stories emerging through this saga, including the re-buy of a 634,000ha premier cattle station in Western Australia’s Pilbara region.
It was bought by one of Australia’s richest families for at least $32 million, returning it to our country.
Let’s hope some more homegrown cash is able to pop up and reclaim our companies and resources, including with IPL’s impending sale to Indonesia.
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Who are the Australian “peoples Representatives” ?? That are happily signing off on this madness? Can TottNews give us a list of who are responsible…. and does anyone have an idea what is / was their “benefit”? Bank customers are grilled for Time Deposits under $50,000 FOR Money Laundering reasons>>> BUT it is known that many of our Politicians have multiple RE properties,.. and “investments” Are they excluded from this kind of investigation… or are their funds somewhere off shore>>>?? Somehow it is frightening but also very sad to see what is happening.. and many people are asking WHY are our Pollies taking instructions from Overseas billionaires,. on most subjects,. incl our health, our independence, and everything in-between,.. MUST stop ….. must not comply…. more people need to stand up and say NO MORE….!!
Why doesn’t someone approach Gina Rhinehart and ask her to purchase the fertiliser company ?
When the crunch comes, our “peak bodies”, such as the National Farmers Federation, usually roll over and support the sell-off to foreigners because they are corrupted by the global-parasites (and the NFF even believes in the global warming/climate change/CO2 is bad bs). This sell-off of Australian fertiliser companies to foreign outfits goes back a long way. In the mid-1960s, “Cresco Fertilisers” (Cresco = “I grow” in Latin), which was built up and run by my grandfather during the 1930s/40s/50s, was bought by Grace, a Canadian chemical company.
Fertiliser Plant/ Business for sale = WHY, don’t THE OZ FARMERS form a Conglomerate, & purchase the Company? THEN, They could open an Office ANYWHERE offshore, & get the Appropriate Taxation reliefs GIVEN to Foreign corporations!!
It SEEMS, that CONsecutive Govts, or the 2.5er Party ONLY System, keep on going to the COMMON-WEALTH Cupboard to see WHAT ELSE, they can COLLECTIVELY ‘Flog Off’- ‘Legal’ OR NOT, for some Quick ‘COIN’! – Several things; A) WHAT are they going to Sell, once it’s a Vacuous ‘Mother Hubbard’s Cupboard’
[ AND, They CAN’T sell off a CONmodity they have ALREADY SOLD – Aka – THE OZ Population]. B) THEY, starting with the Prime Minstrel – Mr Albino ForeverBendDaKneeSee & the other Sub TerrAniaLans [local network] species of Morlocks= The ‘Individual'[LOL], State NecroPremiers Plus their APPropriate ‘Treasurers’ – Including Mr James ‘Isn’t he A’ Chalmer, ARE ‘Employed’, BY ‘WE the United Peoples of Australia’ AS, ‘Management’- Probably add in the Dodgy Abacus [ With a flat battery] Toting RBA crew [ Rubbery Banking of Australia – NON ‘Reserve’]!
Time & Time again – On record, ‘THEY’ have ‘Shown’ that they COULDN’T manage a Kindergarten Tuck Shop – THEIR JOB – Not the Tuckshop – TOO COMPLEX!
When a Nude, Blind, Dyslexic Echidna, NOT versed in the SWINDLE EcoGnomics game, COULD do a Far better ‘Job’, WHY AM I/ WE , CONTINUALLY ‘PAYING THEM’?? AND, with Far fewer ‘Pricks’ involved!! = I WANT ‘OUR’ MONEY BACK! – Plus the Wage Increases/ GENEROUS Superannuations & Gold cards – THE LOT!
AND C) THE Govt, SOO ‘Keen’ to have Multi Foreign ‘Probes’ [ E.Ts Excluded] inserted into The ‘ProctoloGists Zone’ of ALL Prime Minstrels [ Thank God for ALL of that Rectal extensions BEFORE taking ‘Orifice’/ office], You’d think that ONE of Them, would go – ‘SHIT! I’m tired of this Dam Crap [Yes – ‘Dam’- with All of that ForeArm work, it’s hard to be ‘Regular’ in more ways than 1- Political doublespeak & CONsistent Reasoning/ answerAble abilities! ], I’ll just take a leaf out of The USers of A’s ‘CURrency Printing Program!
“HEY! They – THE U.S. have ‘Printed’ U.S. $ 6,000,000,000,000 PLUS, to ADD to their UNPAYABLE Economic Woes over CONVID, & the Australian $ Went DOWN! – HOORAH! = SOLUTION, And My P.M. Arse feels BETTER!”
Meanwhile Back in CAN’TBERRA;
Prime Minstrel Forever BendDa, visits THE 1 A.C.T play Financial cupboard;
P.M.; “SHIT! Hey Chalmsa, This Cupboards a bit light on! & there was a Vacuum, when I opened the door!”
Aide; “That’d be, because it’s THE refrigerator Sir!”
P.M. ; “Cripes, WHO are you? ”
Aide; ” My name is Jeeves Sir, & I have a habit of showing up – Fortunately, in Scripts requiring Balanced Support to Total Cretins, & Deus ego individuals CONtrolled by StoneWorking groups – or groups underDressed. ApolloGies your vacuumness, that should be ‘Under Duress’. Is there a reason that your lower garb, appears to be M.I.A., or, by observancy – I must regret apologies again My Minstrel! Observancy, WOULD mean that YOU, Would, recognise COMPLIANCE with THE Laws, Customs & ‘ACTs’ of the Land, ‘Play’ or Not! Therefore, let me re – vocabulate, & before that Sir, Could you please close the fridge, before The ECO-CON Police send us a Drone, informing Me/Us/Ewe, that you’ve DEEPEND the CO2 Levels UP to 0.0408 of 1% Total earth’s atmosphere! & your cheeks appear to be ‘Blueing’! – May help with DEWs attack Sir, but only if your closer to the East OZtopian Coast, California or Maui.
if I may enquire, IS, your lower Attire, missing due to some ‘Foreign Representation’ or ‘Over/ UnderReach’ my Minstrel? Or, is this your usual Oratory Zone your Vagueness? Might I suggest some New attire, Holey reminiscent of CONVIDs gone by? Perhaps an Avante- Garde Crotchless Armani 3 piece, in the Vein of The Quasi OZ emperor, ‘Has NO Crotch’ – Should Do the trick! And NO ONE would notice another Minstrel in the 1 A.C.T Clown House Sir!”
P.M.; “DO YOU THINK THAT’D ‘WORK’,- Jeeves? ”
Jeeves; “WHICH part Your Neural flyscreen-Ness? Sir! The Country IS being Sold out under OUR Collective Generic ReeBox [ NOT the Neo RAAF BudJet Cardboard Drone], BY YOU, & WITH, TOTAL SUPPORT by the other 2,5 ers! – What Crotchless? I’ve also noticed My Apex Gnome, that you appear to be faltering on Memory, per Speech & Policy. Might I enrol you in Some helpful dance classes, say the Burley Griffin 2 Step?
Yes, Of COURSE Sir – TOO Complex, what was I/ We thinking! We’ll leave that as, IT TERMinally is then, tripping on your tongue, & ‘er’- ‘umíng THE Tune!
As a last Aid Sir, I appear to have @ Hand Always – In, I.D.entickle Political circles, a role of Import GAF tape for your facial fly trap! It may be MORE beneFacial, than you realise – especially to the rest of US!”
Wellness.