There is still a higher hurdle for foreigners buying New Zealand land after today’s decision, says Wellington lawyer Mark Ford.
The decision by ministers to approve the deal for Chinese company Shanghai Pengxin to buy the 7892 hectare, 16 Crafar Farms properties is accompanied by a series of conditions . . .
I’ve been asked to pen my thoughts as a Gen-Yer over the sale of the Crafar Farms to a Chinese company
Well, I have to say, I’m actually loving watching and hearing our Baby Boomer politicians, media commentators, and talkback hosts getting all up in arms over it.
What a travesty, they all argue, the way we sell to the highest foreign bidder. These farms shouldn’t be allowed to be sold overseas. Kiwis can’t compete with the vast hordes of cash foreigners have.
First of all, I don’t buy that. If a Kiwi investor, or a group of Kiwis, believed it was economical enough to pay what Pengxin’s offering for those 16 run-down farms, I’m sure they would have found the money.
We supposedly know about farming here. We supposedly know the economics behind it. We supposedly know the business models.
The fact no Kiwi bidder put up over NZ$210 million for the farms should be a sign that Pengxin is paying way too much for them. So good luck trying to turn it into an economic business. Let them pick up the pieces for a failed piece of lending by Westpac and Rabobank. . .
It is an extraordinary landscape – one of this country’s iconic high country stations and it is up for sale.
For the last eight years Canterbury’s Castle Hill has been owned by Christine Fernyhough – the one time darling of the Auckland social scene and now a successful sheep farmer. . .
A pioneering rural education institution that taught thousands of young New Zealanders the rudimentary skills of farming has been placed on the marked for sale.
Flock House near Bulls in the Manawatu was founded in 1924 and was initially used to accommodate and train the sons of British Naval personnel who died during World War One.
In 1947 the school was opened to young New Zealand boy aged between 14 – 18 years of age wishing to gain an education in farming. The introduction of a ‘full fee’ structure in the 1980s led to a dramatic fall in student numbers, and in 1988 the Ministry of Agriculture and Fisheries which administered Flock House, closed the centre. . .
Affco says the latest strike action from the Meat Workers Union will have little impact on farmers sending stock for processing.
The latest strike began at 5:00am this morning. The week-long strike is the 16th by the union since negotiations over a collective agreement started in December.
Affco Operations Director, Rowan Ogg said all of Affco’s plants are fully operational with the majority of Affco’s staff not impacted by the dispute and many union members had chosen not to strike. “Good conditions through summer and autumn also mean there is no shortage of feed giving farmers more flexibility in when they send stock away.” . .
Applications are to close at the end of this month for young farmers to join this year’s Rabobank Farm Managers Program, a course specifically designed to strengthen the operational and strategic management skills of emerging farm leaders.
The program, now in its seventh year, is open to all progressive young farmers from across New Zealand and Australia from a range of agricultural commodities. .