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.
A large, ugly scar on the landscape can be seen from highways 1 and 57 after a pine tree forest was clear felled near Levin that is now prone to slippage following heavy rain.
OPINION: Towns and cities downstream of large forestry blocks are at high risk of infrastructure damage – costing billions – when major flooding occurs.
What happened on the east coast of the North Island this year, could happen anywhere in NZ, downstream from felled forestry blocks.
Meanwhile, logging trucks and other heavy vehicles have been causing serious damage to our roads over the past 20 years with distress on roads that were built over 50 – 100 years ago and were never designed to carry such loads.
We have seen in many parts of the country in recent years where the road has dropped away. Apart from the disruptions and inconvenience to traffic, these can cost megabucks to fix.
But who should pay for all this road reconstruction and slash damage?
Following this year’s destruction – and the Ministerial Inquiry that’s presently taking place – surely the big forestry companies must be held accountable.
Taxpayers and regional councils should not have to pay for the repairs and damage that has occurred.
Regional councils should have powers, under an amendment to the Resource Management Act, to have inspectors keeping surveillance on logging and pruning. Where slash is left and not cleaned up, those forestry entities should not be entitled to carbon credits until they clean up their act.
This legislation must override all other legislation referring to carbon credits in NZ. It could be passed by Parliament very quickly with an amendment to the RMA. I am sure it would have support on both sides of the house, going by the tide of public opinion, following the recent floods and damage this year.
A moratorium needs to be put on logging and forestry, where the soil is unstable and unable to support the weight of exotic trees in wet weather and erosion is inevitable. No more farm land should be sold to forestry companies for logging unless it is classed as unsuitable for livestock farming or returning to native bush.
Back country waterways and rivers downstream of forestry blocks must be kept free of slash and logs. This also needs to be enforced by regional councils with powers under the RMA.
Offending forestry and logging companies should be prosecuted, with penalties increased under an amendment to the RMA. If they fail to respond or work has to be undertaken to clean up the streams and rivers by local bodies, all expenses incurred should be fully recoverable from the offending parties.
We cannot just blame recent cyclones and floods for all this damage. Fifty years or more ago there were some massive floods, but our streams and rivers – without slash and logs in them – let the water get out to sea, without taking bridges and stop banks out with it.
There is no doubt global warming is happening as ocean temperatures slowly increase, but we have got the answer to climate change so wrong by planting exotic trees on steep hill country as a panacea for pollution and erosion. We need to manage these better by good legislation and action before more devastation occurs.
Levin-based Leo Cooney is now retired but had a 55 year career working in the agriculture sector – including as a farmer, a MAF livestock officer and a biosecurity and animal health technician with AsureQuality.
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Dr Tim Harwood, a seafood food safety research leader, has been awarded the 2026 Significant Contribution Award at the New Zealand Institute of Food Science and Technology (NZIFST) Food Industry Awards.
Today marks the first day of operations for Waikato Waters, a new council-controlled organisation established by six district councils to deliver water and wastewater services for their communities.
The Ministry for Primary Industries (MPI) has announced has opened applications for the 2026/27 funding round of the Greenhouse Gas Inventory Research (GHGIR) fund.
New Zealand’s vegetable sector will take centre stage at Parliament today, celebrating a vital industry and sharing a clear, future focused vision for how it can continue to thrive.
New Zealand red meat exports reached a second consecutive monthly record in May, rising to $1.6 billion, according to the Meat Industry Association.

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