'New Zealand Farming Systems' Business

New Zealand Farming Systems

Rural Portfolio Investments (RPI) warned in February that it could be forced to sell part of its stake in Wrightson if the share price of New Zealand Farming Systems Uruguay did not improve.

Chinese agriculture company Agria presently owns 19 per cent of the business and would have to go through a takeover offer if it wanted to go above 20 per cent.

What does this mean for Uruguay?

I reckon that Chinese investment here is inevitable. We grow excellent soya and the Chinese want excellent soya. They have loadsa money and we have lotsa land.

Here in east Colonia we already have the ever-cheerful Snr Heng who spends his days visiting local farmers and trying to get them to sign long term soya contracts by offering excellent prices and cut price loans for capital machinery (Chinese of course.) He also offers technical advice and is a thoroughly charming gentleman.

In my view, ready or not, they're coming :-)

A surprising genetic feature of most Far Eastern people is that they are intolerant to bovine dairy products so its unlikely that they'll take to ours... though they might be interested in goat and horse milk cheeses :-)

During 40 years of being teased by Thais, Laos and Chinese each time I choked on extremely piquant dishes, my only weapon of response was mature Cheddar which could bring on tears and vomiting even in the most hardened hill tribesperson.

They have the population and will soon have the economic clout to do what they like so let's hope that our next global masters are kinder to the little guys than previous superpowers have been :-)

Uruguay needs to sell and Sr.Heng is buying, the list is ample, lets hope the Uruguayans will make the right decision about what they want to sell. Always thinking about the long term and the most important part of the equation " Buyers diversification" that is the key for Independence for small Countries like Uruguay.

No opinion about the Goat and Horse milk cheeses.

We do extremely toothsome goat cheeses down here. OTOH I've yet to see anybody attempting to milk a horse :-)

I'm told that the intolerance to bovine dairy products is down to genetic differences.

I only had one Lao friend who could drink cow's milk without bad effects but his grandparents had walked to Laos from the eastern parts of the old Soviet Union during the 1930s so he had the benefit of having genes from Yakutsk.

There is a general belief that drinking cow's milk makes you big and strong like a farang/gwylo (large hairy European barbarian) so many try the stuff just to see but it usually results in gut problems :-)

footnote - I was at the chinese embassy in Mvd in 2005 introducing myself as a farmland realtor. They seemed very desinterested and reserved then. Or maybe it was their normal arrogance. Very interesting what you write, Patrick, so now they are here...

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