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.
Association president, Peter Weir, says the indigenous tree is probably the best bet for the development of an indigenous planted forestry industry in New Zealand.
“Our industry relies on Radiata pine which grows well everywhere. Tōtara is much the same. It flourishes in a wide range of New Zealand environments and produces an amazing and versatile timber.”
“There’s real interest in Northland in particular in growing tōtara commercially.”
“But for most people it’s a fantastic icon of the pre-settlement podocarp-dominated New Zealand bush and doesn’t need to be harvested to be appreciated.”
Weir suggests that Federated Farmers are also likely to nominate a favourite tree or plant they would want their members to vote for.
“We backed different birds in the Bird of the Year. We wanted the kārearea falcon and the Feds went for the whio duck, but neither of those came in the winner. Maybe one of us will do better this time.”
The New Zealand Plant Conservation Network vote can be found here.
