Tuesday, 19 September 2017 08:55

Nat’s bank on ballot

Written by 
Nathan Guy. Nathan Guy.

The lease and sale of Landcorp farms could help young farmers buy their first farm under a National government.

Primary Industries Minister Nathan Guy revealed this new dimension to National’s primary industry policy last week in Gisborne.

The policy somewhat resembles the ballot scheme which offered returned WWII ex-servicemen the opportunity to buy farms. The Department of Lands ran the scheme.

Guy says National would direct Landcorp to lease farms to young farmers, with the opportunity to buy them at market rates when they had built up enough capital. But to qualify they would have to work the land for five to ten years, or longer if they needed, to get the cash to buy.

Guy says the farms would be awarded on a lease-to-buy arrangement, with leases awarded by a panel and ballot.

It would be prioritised towards young farmers experienced at running a farm but not having already been sole owner of a farm.

“The Government owns a large number of commercial farms through Landcorp, but there is no clear public good from Crown ownership and little financial return to taxpayers.

“We think some of these farms would be better off in the hands of hard-working young farming families committed to modern farming and environmental best practice.

“Many farming families got their start through the old Lands and Survey ballot process and we want to give that opportunity to more New Zealanders.”

Guy says he would expect about 100 young farming families to benefit from the scheme.

Not all Landcorp’s 140 farms would be sold. Some larger farms would be divided into smaller units more appropriate for first-time owners.

He notes that many Landcorp farms are subject to Treaty claims and others to a right-of-first-refusal by iwi; these rights would be respected.

More like this

CEO fined for NAIT breach

The chief executive of a large Waikato farm business has copped a $3,600 fine for moving 820 unregistered animals to meat processors.

Drought support expanded

The Government will boost its drought support to new parts of the country and continue helping farmers in areas facing long-term dry conditions, says Agriculture and Rural Communities Minister Damien O’Connor.


Machinery & Products

Made in NZ... Hansen Products

Made in New Zealand looks at the wealth of design and manufacturing ability we have in this country, producing productive…

New models mark seventh decade

Celebrating its 70th year – and having already released the fifth generation A Series in January – Valtra has just…

Kubota's new autumn offerings

Kubota, which is gaining traction in the agricultural sector with an ever-broadening portfolio, has announced some additions for autumn.

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Good wicket

OPINION: This old mut would like to tip his hat to the Government for its move to extend pay freezes…

Get real

OPINION: A mate of the Hound's reckons recent over-the-top coverage about Lake Hawea station owners Geoff and Justine Ross as…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter