Foreigners own 20 per cent of Australian water rights – up 6.7 per cent in one year

Mindless farmers continuing to support the LNP can expect more of the same

THE amount of foreign owned agricultural properties and water entitlements in Australia continues to skyrocket, with the newly released Foreign Investment Review Board (FIRB) figures for the 2019 financial year revealing nearly 20% of Queensland’s water entitlements are now foreign owned – a 6.7% increase in just one year.

Kennedy MP, Bob Katter said the figures made him sick to the stomach, but didn’t surprise him in the slightest knowing the traitors who were running the country.

“As outrageous as the figures are, they are wildly inaccurate,” he said.

“They don’t take into account the shareholding of Australian companies that belong to foreigners, which would make the overall foreign ownership of water entitlements and land much higher.”

Bob Katter warns foreigners now own 9044 Australian farming properties, up 3.8%

The 2019 financial year FIRB report showed the amount of foreign held water entitlements in Australia was up by 1.9%, to 10.5% of overall water entitlements, and

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