The chances of the Hong Kong based Natural Dairy company passing the Overseas Investment Commission hurdles to allow it to buy the Crafar farms weren’t high to start with.
There’s even less chance now that the company front-woman May Wang has been bankrupted.
So who’s likely to buy the farms now?
It shouldn’t be Landcorp – it is one of the State Owned Enterprises giving a poor return on investment which was highlighted in a report on SOE performance released this week.
The best thing the receivers could do would be to stop trying to sell the farms as a single entity and offer them singly.
The rural real estate market is sluggish but the chances of attracting buyers able to buy single farms is far greater than finding someone willing and able to buy the lot.
Posted by homepaddock 
Homepaddock 