H is for Havard University which, through its endowment fund, is making a bid for a 3,000 cow, 1,300 hectare property in the Maniototo for $28 million.
The fund already owns a farm in the area running 1100 cows on 450 hectares. It also owns nearly a two thirds of the , 184,000ha Kaingaroa forest.
That’s a lot of land and Cactus Kate asks if there will be a public outcry of xenophobia over this foreign purchase as there has over the bid for the Crafer farms by Chinese interests?
There might be because some people oppose any foreign ownership.
Why? Because H is also for hypocrisy.
People who are quite happy to reap the rewards from investments by New Zealand companies is other countries – including farms – get upset at the idea of foreign investment and ownership of businesses and land here.
On Thursday we visited a farm which was grazing 700 cows in quarantine before they are shipped to one of Fonterra’s farms in China.
That’s our genetics and expertise going to another country. Most, probably all, of the milk the cows produce will stay there and some of the profit will come back here.
If we accept that, how can we refuse when overseas companies want to invest here providing they abide by our laws when they do so?
If we accept US investment how can we oppose Chinese investment?
That wouldn’t just be hypocrisy it would be racism.