Kimberly Agricultural Investments, a Chinese investment group has submitted a bid to buy 15,000 hectares of farmland in the Kimberly region of Western Australia. The company is interested in developing a major sugar industry in the region, as well as a meat-works capable of processing 500,000 head of cattle a year. Kimberly Agricultural Investments is bidding against 13 other companies and individual farmers who have also submitted applications for land to the Western Australian Government. We have seen a trend of significant investment interest from Chinese companies in Australian and New Zealand farming.
