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UK owns more Aussie farmland than China

AAP logoAAP 6/09/2016

Treasurer Scott Morrison has warned against the rise of protectionist sentiment amid a new report showing the United Kingdom as the biggest owners of Australian farmland.

The UK tops the list of the countries with the largest stake by land holding in the newly-created farm register - with China fifth behind the US, Netherlands and Singapore.

"With more than $3 trillion worth of foreign investment in Australia today, we cannot afford to risk our economic future by engaging in protectionism," Mr Morrison said in a statement on Wednesday.

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