Farmers groups are scheduled to meet with Foreign Investment Review Board officials on Thursday as part of their continued push to stop a $3.4 billion takeover of GrainCorp by the US food giant Archer Daniels Midland, The Australian Financial Review reports.
The newspaper said lobbying by representatives from the Victorian and New South Wales farmers’ federations will include the offices of Treasurer Joe Hockey, Agriculture Minister Barnaby Joyce and Coalition backbenchers including Dan Tehan and Andrew Broad.
Coalition partners the Nationals have sided with farmers in arguing the sale of GrainCorp is not in the interests of farmers or Australians.
Mr Hockey, who has final say on the deal, has delayed making a decision until December 17.
FIRB meets farmers over GrainCorp
Farmer groups lobby decision makers at FIRB, key government offices.
InvestSMART FORUM: Come and meet the team
We're loading up the van and going on tour from April to June, with events on the NSW central & north coast, the QLD mid-north coast and in Perth, Adelaide, Melbourne, Sydney and Canberra. Come and meet the team and take home simple strategies that you can use to build an investment portfolio to weather any storm. Book your spot here.
Want access to our latest research and new buy ideas?
Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.
Sign up for free