Wednesday, December 22, 2010

Common Sense Trumps Ideology

Adolf has made plain his views on the Chinese bid for Crafar Farms properties and a slice of New Zealand's dairy processing industry.

Today, the NCTionalMP administration has put the bid where it belongs, in the trash can.

The decision covers the applications by Natural Dairy to acquire UBNZ Assets Holdings Limited and a retrospective application to acquire four Crafar farms which UBNZ purchased in February 2010.

"We concur with the Overseas Investment Office's recommendation that consent should be declined," they said in a joint statement.

"We will not be commenting further on our decision."


Well done.

Now the receivers can get on and sell the properties one by one, as they should have done right from the start.

5 comments:

homepaddock said...

Selling the 16 farms singly would increase the number of possible buyers and probably result in a better price overall than trying to sell them as a unit.

Anonymous said...

You mean ideology trumps common sense.

Telling people they can't buy and sell stuff... there's a word for that... begins with c....

James Stephenson said...

I'm pretty sure CK predicted that the OIA would fail the bid on "good character" grounds right at the outset...

Anonymous said...

Ah yes, a rabid National supporter who favours the free market and small government just as long as it does not have an effect on the rural sector.

Is there a bigger bunch of parasites in New Zealand than the farming community?

Anonymous said...

But surely the receivers of Crafar Farms, if they were doing their job right, would favour an orderly disposal via smaller lots?

Are they not doing their job right?