The sale of the Crafar farms must pose an awful dilemma for Winston Peters.
The leading bid for the 8000 hectares of farmland is $210 million from Shanghai Pengxin, a Chinese company.
Winston has spent most of the last 20 years railing against the Chinese. He has railed against Chinese immigration to New Zealand, he has railed against Chinese investment in New Zealand and despite being the foreign minister, railed against the 2008 free trade agreement with China (despite its having increased our exports to China by $3 billion and reducing our current account and trade deficits). …
But look at who else is lined up to buy them. Sir Michael Fay leads a group which is offering $170 million for the farms – $40 million less than Pengxin. If Pengxin is turned down, then Fay will pick the farms up for $40 million less than the market price.
Now if there is one person that Winston Peters hates and rails against even more than the Chinese, it is surely Fay. Peters alleged all sorts of wrongdoings by Fay and Richwhite in the late 80s and early 90s, and this led to the Winebox inquiry.
It gives me a certain pleasure to reflect that whatever the outcome, Winston will be unhappy 🙂