MG301 Agriculture and Resource Policy Case Study Sample
Assignment Task
Student groups will be assigned a specific case study on contemporary resource policy (implemented or proposed change). The case study must be thoroughly analysed and all questions answered with full justification and research from academic journal articles to support their case analysis. Word limit of the case study analysis should not exceed 800 words.
Style Guide
You are required to use the Harvard Referencing style. Please refer to the following information:
https://www.imperial.ac.uk/media/imperial-college/administration-and-support- services/library/public/Harvard.pdf or
https://www.deakin.edu.au/__data/assets/pdf_file/0004/392305/Deakin-guide-to-Harvard.pdf
Format
The format for the case study is set out here. The written component needs to include:
• The title of the case study (not include in word count)
• Student names and numbers (not include in word count)
• Code and title of the Unit (not include in word count)
• Statement of authorship using the following words: I declare that this assignment was researched and written by us. We did not use any learning resources that have not been acknowledged. We have not copied from any other work. (not include in word count)
• List of contents (not include in word count)
• Introduction: (around 150 words)
o Outline the purpose of the case study
o Summarise the issues and findings (but without details)
• Analysis (around 500 words)
o Incorporate problem identification, issue analysis, role of government/regulation and identification of options
• Conclusion (around 150 words)
o Identify your preferred policy option.
o Justify your preference
• References (not include in word count)
• Appendices (if any) (not include in word count)
Solution
Introduction
Foreign direct investment is a type of investment option that is governed by countries inviting cross border audience’s attraction in investment in resources, commodities and land of that country. These are termed as economic and employment supportive derivatives for investment for countries and high interest yielding sustainable functioning investment for international investors. With pace of time FDI in Australia has grown because of its high utility and effectiveness in supporting economic and employment based support to the grassland country (Bi et al., 2021). However, the pessimistic factors that is deployment of natural resources, agro-Australian framing reduction and larger corporate based business functioning take away opportunities from indigenous people can be seen with growth of FDIs. The above analysis will govern quantitative and qualitative approach in analysing the FDIs for framing in Australia with is both positive and negative factors for university assignment help. The government based functions, regulations and future scope will be governed in the analysis. Policy based evaluation of FDIs in terms of farming will be elaborated in the analysis.
Analysis
Foreign Acquisition and Takeover act (1975) and Foreign Acquisition and Takeovers Fees Imposition Act (2015) are two types of legal functions governed by Australian government in terms of FDIs for international traders (oreigninvestment.gov.au, 2023). The aim of FDI regulation in terms of framing was top govern citizens of country with ample opportunities in career development, economic stability and support to financial system and govern employment within the nation. 13.8% of farming land is till date acquired by FDIs in Australia which has been same since two years (Smith et al., 2023). From historic times, the policies of FDIs made for framing on Australian land encouraged accountable FDIs in country governing good economic growth, however as the population of country increased the same area of cultivation for large population suffocated farming practices in the country.
Agriculture in Australia is responsible for More than half of Australia's land (427 million hectares in December 2020, excluding wood production) will be used for agriculture. The remaining 15% of Australia is used for farming and forestry on previously cleared land. Due to the high productivity of the land, most of the surviving forests and woods in New South Wales have been destroyed (CEIC, 2022). The land decreased with coming years because of more growth of urban areas and that is show in below figure.
10 percent of land intended to govern 50 percent population framing by product to consume, in such a scenario FDIs became over powering for Australian economy (marcusoldham.vic, 2023). To control the corporate based functions and govern equality of land functioning in farming in Australia charges in FDI fees policies were governed by Australian government in year 2015. Wherein, countries like USA, New Zealand and Chile had specific fees for framing FDIs in order to govern a controlled FDI based farming on Australian land. Foreign ownership on national land is an important income based function but must be functioned in future based logical calculative manner (Hundt, 2020).
Population in Australia will increase and this will incur an increase in grain demand which is product of framing. Opportunity to sell the grain sown on same land will govern international countries very good economic growth and might be an expensive deal for Australian government. In such a scenario, control based; policy function in order to permit the international investment specially in framing is required. The regulated policies that incur employment for local people can be revamped in FDIs of Australia. Additionally, government imposed very heavy taxation duties in farming FDIs which in some case were to be paid by USA and New Zealand based company which gave country accountable benefit financially as well ((Hundt, 2020).
It can be justified that FDIs cannot be terminated or banned but can be controlled in such a manner that FDI governing investors agree on the terms and conditions offered by government. 50% employment by FDI must be governed, 10% extra taxation in terms of un-sustainable land use must be regulated and heavy duty taxation of land purchase yearly can be governed. Through above policies rental based or leased based functioning of land for framing will be managed by FDIs in the country. This will in-hand not only govern income to country but by the end of lease the land ownership will be under Australian government itself (foreigninvestment.gov.au, 2023).
FDIs in current time are beneficial for making global approach so requires for effective development and international connections but its impact on local people must not be adverse so can be controlled by new policy making. The FDIs in country must be functioned now majorly on three aims that is employment of locals, economic collection and fair dealing to return through FDI to Australian government.
Conclusion
The above analysis concludes that control on FDIs on farming land in Australia is required which can be governed by allocated changes in policies. The FDIs in country must be functioned now majorly on three aims that is employment of locals, economic collection and fair dealing to return through FDI to Australian government. The Foreign Acquisition and Takeovers Fees Imposition Act (2015), can be improved with three more sections so that internal stakeholders are also benefited by FDIs. Additionally, sustainable land based practices must be made strict in order to retain the land fertility in the country. It can be concluded that relationship fabrication with good communication is required by Australian government in order make country’s resources equally distributed to all.
Government need to offer funding in context of the goals of these collaborative farming efforts is to:
? Design, test, and introduce novel methods that improve agricultural systems' efficiency, profitability, and longevity to save Australia's natural diversity
? It can sustain and enhance the quality of natural resources
? It can facilitate Australia's fulfilment of its international treaty commitments.
References
Bi, W., Chen, G. and Zhang, K., 2021. Profit-oriented false data injection attack against wind farms and countermeasures. IEEE Systems Journal, 16(3), pp.3700-3710.
Smith, K., Langford, A. and Lawrence, G., 2023. Tracking farmland investment in Australia: institutional finance and the politics of data mapping. Journal of Agrarian Change, 23(3), pp.518-546.
Hundt, D., 2020. The changing role of the FIRB and the politics of foreign investment in Australia. Australian Journal of Political Science, 55(3), pp.328-343.
Online
FDIs in Australia 2023 [accessed through] [online]https://foreigninvestment.gov.au/sites/firb.gov.au/files/2022-01/Australias_Foreign_Investment_Policy-20220114.pdf [accessed on 4th September 2023]
FDIs in Australia 2023 [accessed through] [online] https://foreigninvestment.gov.au/guidance/general/monetary-thresholds#_ftn1 [accessed on 4th September 2023]
FDIs in Australia 2023 [accessed through] [online] https://www.marcusoldham.vic.edu.au/wp-content/uploads/2018/03/201601MOC-CSA-Corporatisation-and-Foreign-Ownership-by-Mark-Skilbeck.pdf [accessed on 4th September 2023]
CEIC, 2022 https://www.ceicdata.com/en/indicator/australia/agricultural-land [Accessed on 16th September, 2023]
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