A New Zealand farming leader says he’s frustrated that a range of political parties are targetting foreigners and saying they shouldn’t be allowed to buy farms.
Federated Farmers vice president Anders Crofoot bought Castlepoint Station in Wairarapa after moving to New Zealand from the United States in the 1990s and went through the Overseas Investment Commission to do so.
The Labour Party has said that if it wins the general election sales of rural land to most foreigners will be banned. . .
The purchase of a North Otago dairy farm by a company founded by a South Canterbury businessman will create more local jobs, the company says.
Craigmore Sustainables has received Overseas Investment Office approval to purchase a dairy farm in Tussocky Rd, months after buying three other farms in North Otago.
Craigmore is the brainchild of South Canterbury businessman and farmer Forbes Elworthy and is based in London. It also has offices around New Zealand.
“We have an extensive development programme in place for this property, including building a dairy shed, new effluent system, and native planting to assist with nutrient management,” the company’s director of commercial development, Hamish Blackman, said. . .
Lochinver owners want sale money for development – Patrick Gower:
The Kiwi seller of Lochinver Station is a century-old Kiwi business and wants to use the $70 million for a major property development that will help the expansion of Auckland.
Sir William Stevenson was the driving force behind his family’s business empire. He bought Lochinver Station 60 years ago, turning it from a vast wasteland into thriving farmland with 100,000 sheep.
Now, the family’s attempt to sell could be blocked by politics. Sir William’s friend Morrin Cooper says he wouldn’t like that.
“The Stevenson family deserve better than this: to be used as a chopping block just because there happens to be an election around the corner.” . . .
The Agricultural Trade Envoy, Mike Petersen, is warning that farmers are in danger of losing out in the lucrative South Korean markets if trade talks fail.
The latest round of negotiations have been taking place in Seoul this week.
Last week the Minister for Trade, Tim Groser said he had given his final offer to the Koreans to resolve issues such as easing tariffs for New Zealand’s farmers, which cost exporters $195 million a year. . .
In lean times, it’s still vital to look after your workers – Chris Lewis:
The buzz about town is the revised pay-outs announced by Fonterra and Westland, which have both dropped significantly. So the pressure will be mounting this spring as farmers try to keep their heads above water. In times like these it is important to run a tight ship, not only financially but with your staff.
Stress has a way of brushing off onto those near you so look after yourself and bear a thought for your staff and your family who will not be immune to the pressure. A farm has many different aspects to it and a well cared for and oiled machine will ride out the tough times a lot smoother than one that has been roughing it or neglecting it. . .
Farmers take over yarn mill – Alan Wood:
Wool farmers have an agreement in place to buy a Christchurch yarn mill, describing the deal as a “significant” industry event to supply the carpet manufacturing industry.
Christchurch Yarns NZ went into receivership in April with the high kiwi dollar one of the challenges the business was up against at that time.
The dollar has remained stubbornly high since then and yesterday was trading around US84 cents and A90 cents.
The business was originally Christchurch Carpet Yarns and has its production facility based at a leased Sheffield Cres, Harewood property near Canterbury Technology park. . .
$3m grant boosts agri chemical research – Sue O’Dowd:
Research funding will help a Taranaki chemical-manufacturing company develop products its customers want.
Zelam is one of 52 Taranaki businesses to have received government research grants in the past three years to help them take their ideas for products and services to market.
For the next five years 20 per cent of Zelam’s eligible research costs will be refunded by Callaghan Innovation, a government agency that provides money to businesses that invest in research and development. Each year Zelam invests up to $3 million in chemistry and field trials. . .
The future is in the country.