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Tuesday, 17 June 2025 09:55

B+LNZ calls for government action as sheep and beef farm sales to forestry climb

Written by  Staff Reporters
According to the report, a further 38,921ha of sheep and beef farms have been sold for conversion to forestry since September 2024. According to the report, a further 38,921ha of sheep and beef farms have been sold for conversion to forestry since September 2024.

Red meat farmers are urging the Government to act on the growing number of whole sheep and beef farm sales for conversion to forestry, particularly carbon farming.

Beef + Lamb New Zealand released updated independent research by Orme & Associates showing a further 38,921ha has been confirmed as sold since the last report in September 2024.

Revised confirmed sales in 2023 now total 29,518 hectares and in 2024 now 30,483 hectares - that figure is expected to rise as further sales are confirmed.

Sales through Overseas Investment Office approvals and to carbon-only forestry entities continue to dominate.

The total amount of whole sheep and beef farms sold since 1 January 2017 is now over 300,000ha.

B+LNZ chair Kate Acland says the figures reinforce the need for action.

"While we appreciate the Government's announcement this week about legislation being introduced to restrict wholesale conversions based on land use classes, the numbers show whole-farm sales for conversion to forestry for carbon credits are continuing at pace.

"Anecdotally we're still hearing of a significant number of farms being sold this year, despite the Government announcing the limits last year.

"We're concerned that some sales are continuing on the basis of intent to purchase land before the limits were announced. We urgently need the Government to tighten the criteria around proof of intent to purchase."

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