Wednesday, 06 September 2023 09:55

Landowner's $2.5m profit

Written by  Staff Reporters
New Zealand Rural Land Co made a net profit after tax of $2.5m last financial year. New Zealand Rural Land Co made a net profit after tax of $2.5m last financial year.

New Zealand Rural Land Co (NZL), which leases out highly productive farms, made a net profit after tax of $2.5m last financial year.

NZL owns 14,487 hectares of productive rural land in New Zealand which it says is fully tenanted on long-term leases with regular CPI adjustment provisions.

NZL says it generates shareholder value through a combination of asset value appreciation and cash flows from its long-term leases.

NZL chair Rob Campbell says its strategy is to own quality rural land in New Zealand, and to grow and diversify its portfolio while delivering attractive risk-adjusted returns.

"NZL's leases incorporate regular, uncapped, CPI reviews.

"This means higher inflation results in higher than anticipated rental growth. NZL is insulated from inflation-impacted and all other operational on-farm costs by owning only the land," he says.

More like this

NZL to reinstate dividends

New Zealand Rural Land Co (NZL) has announced its intention to reinstate the company’s dividend and amend its dividend policy.

Campbell curse?

OPINION: The Hound notes that NZ Rural Land Co recently announced a $5.3m profit for the year ended Dec 31 2022, down a staggering $31.2m from the $36.5m profit it recorded six months earlier.

VLG to continue milking

The Van Leeuwen family looks set to continue milking cows on their 14 South Island farms, despite them being placed into receivership last month.

Nothing sinister!

The Reserve Bank of New Zealand's (RBNZ) controversial involvement in the new owners of the Van Leeuwen Group dairy farms has been defended.

Featured

Australia develops first local mRNA FMD vaccine

Foot and Mouth Disease outbreaks could have a detrimental impact on any country's rural sector, as seen in the United Kingdom's 2000 outbreak that saw the compulsory slaughter of over six million animals.

NZ household food waste falls again

Kiwis are wasting less of their food than they were two years ago, and this has been enough to push New Zealand’s total household food waste bill lower, the 2025 Rabobank KiwiHarvest Food Waste survey has found.

Editorial: No joking matter

OPINION: Sir Lockwood Smith has clearly and succinctly defined what academic freedom is all about, the boundaries around it and the responsibility that goes with this privilege.

National

All eyes on NZ milk supply

All eyes are on milk production in New Zealand and its impact on global dairy prices in the coming months.

Machinery & Products

Leader balers arrive in NZ

Officially launched at the National Fieldays event in June, the Leader in-line conventional PRO 1900 balers are imported and distributed…

JDLink Boost for NZ farms

Connectivity is widely recognised as one of the biggest challenges facing farmers, but it is now being overcome through the…

New generation Defender HD11

The all-new 2026 Can-Am Defender HD11 looks likely to raise the bar in the highly competitive side-by-side category.

» Latest Print Issues Online

Milking It

Full cabinet

OPINION: Legislation being drafted to bring back the controversial trade of live animal exports by sea is getting stuck in the…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter