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

Carrfields invests in new Ashburton R&D hub

The Ashburton-based Carrfields Group continues to show commitment to future growth and in the agricultural sector with its latest investment, the recently acquired 'Spring Farm' adjacent to State Highway 1, Winslow, just south of Ashburton.

Elite sheep dogs to go head-to-head at Ashburton A&P Show

A major feature of the Ashburton A&P Show, to be held on October 31 and November 1, will be the annual trans-Tasman Sheep Dog Trial test match, with the best heading dogs from both sides of the Tasman going head-to-head in two teams of four.

National

Machinery & Products

New pick-up for Reiter R10 merger

Building on experience gained during 10 years of making mergers/ windrowers, Austrian company Reiter has announced the secondgeneration pick-up on…

Krone EasyCut B1250 fold

In 2024, German manufacturer Krone introduced the F400 Fold, a 4m wide disc front mower, featuring end modules that hinge…

» Latest Print Issues Online

Milking It

Microplastics problem

OPINION: Microplastics are turning up just about everywhere in the global food supply, including in fish, cups of tea, and…

Job cuts

OPINION: At a time when dairy prices are at record highs, no one was expecting the world's second largest dairy…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter