The gates are opening for foreign investors looking at New Zealand companies and property.

The Government's reforming the Overseas Investment Act - allowing any investment that doesn't threaten our interests.

Federated Farmers Meat and Wool Chair Toby Williams says he supports the change.

He told Ryan Bridge overseas buyers are interested in large farms - that Kiwi farmers can't afford to begin with.

Williams says foreign owners wouldn't be interested in those that first farm buyers would be after  - so he wants to see some rules around the levels of investment.

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