Thursday, 26 March 2020 15:23

Bonkers!

Written by  The Hound

The Hound reckons news that an Austrian billionaire has been granted consent to purchase an $8m Hill Country farm, is living proof that the NZ First’s billion tree policy is a disaster for farming in this country.

The Overseas Investment Office (OIO) has granted Wolfgang Leitner consent to buy the 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, it currently has just 14ha of existing commercial forestry.

According to the real estate listing the farm is described as “clean, healthy country, sought after scale, and opportunity to extend farm capability.”

Meanwhile, this isn’t Leitner’s first farm purchase in NZ, having been granted consent to buy the $4.5m, 489ha Ngapuke Station in Gisborne last September. 

More like this

Fewer farms changing hands

Just two dairy farms have changed hands in Canterbury/North Otago in the current season, according to the just-released Colliers Dairy Property Market Review for 2020.

Featured

 

Change of tune needed

OPINION: It has been some weeks since we have had to face the ideological rhetoric, in any quantity, that has pervaded our lives for much of the last three years – and I haven’t missed it one bit!

Farmers adapt well to new sales model

Fonterra’s rural service subsidiary, Farm Source says farmer shareholders are adapting well to its new trading model under COVID-19 restrictions. 

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Flying high

This old mutt would like to know how the sanctimonious Green Party and its MPs can continue to lecture everyone…

Put it down

Your canine crusader notes that the woke folk at Landcorp – sorry Pāmu – were recently crowing about recording a…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter

Popular Reads

Rules driving farmers out

New farming rules around sustainability are driving elderly farmers out of the dairy industry, says agri-economist Phil Journeaux.