BNZ and Pāmu Launch New Native Forest Revenue Model for New Zealand Landowners
Bank of New Zealand (BNZ) and Pāmu (Landcorp Farming Limited) have developed a new way for landowners to earn revenue from existing native forests.
Forestry Minister, Shane Jones announced the relief package on Friday.
The package will provide work for 300 forestry workers in jobs such as road maintenance and removing trees that are in danger of falling onto roads or powerlines.
FOA says it’s making sure the package will both look after the affected workers and speed economic recovery amid the COVID-19 outbreak.
Incoming FOA President, Phil Taylor says forestry will be a crucial export tool in leading New Zealand’s recovery.
“In common with the rest of the primary sector, we will be ready to do our part to pull our economy through the extraordinary times which are ahead of us.”
“After rock lobsters, forestry was been the second longest New Zealand industry to be impacted by measures in China to try to contain COVID-19. This has created some urgency to help people who have now been out of work for weeks.”
Phil Taylor says it’s great that the affected workers can be given employment that is useful to the local economy and doesn’t take them away from their home region.
“The worldwide appetite for timber is undiminished. In fact, it’s likely to increase for New Zealand timber as climate change has an impact on forests in other countries, such as Canada, Australia and through Europe.”
