We're all in it together!
OPINION: Hill Country farmers and foresters have common concerns about regulations and climate change.
An Austrian billionaire has been granted consent to purchase an $8m Hill Country farm.
The Overseas Investment Office (OIO) has granted Wolfgang Leitner consent to buy a 800ha property located in Kotemaori, Wairoa and convert it to forestry.
The property known as Ponui Station currently has 714ha being grazed by sheep and beef stock.
Leitner plans to plant a further 640ha of commercial forest.
Ponui Station currently has just 14ha of existing commercial forestry.
The remainder of the land includes 33ha of native bush and 113ha of unplantable land containing boundary and riparian setbacks, ponds and infrastructure.
The Bayleys’ real estate listing of the farm describe it as “clean, healthy country, sought after scale, and opportunity to extend farm capability.”
This isn’t Leitner’s first farm purchase in New Zealand, having been granted consent to buy the $4.5m, 489ha Ngapuke Station in Gisborne in September.
Leitner’s earlier purchase was also granted under the special forestry test.
Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.
The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.
Divine table grapes that herald the start of a brand-new industry in Hawke’s Bay have been coming off vines in Maraekakaho.
In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.
One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.
Rural trader PGG Wrightson has revised its operating earnings guidance, saying trading conditions have deteriorated since the last market update in February.