Sir Eion Edgar: wealthy foreigners benefit NZ

March 12, 2018

Southern businessman and philanthropist Sir Eion Edgar told the Finance and Select committee that the law banning foreigners from buying property would be detrimental to New Zealand’s international reputation and greatly restrict overseas parties contributing to the benefit of New Zealand.

He gave four examples showing how rich overseas people have enhanced New Zealand to the tune of hundreds of millions of dollars.

1. Public access to iconic South Island high-country stations

Robert “Mutt” Lang bought five farming stations between Wanaka and Queenstown for about $60m, Edgar said. He then spent a further $50m restoring these properties to their original state.

“He has now gifted over 90 per cent of them to the Queen Elizabeth Trust for the benefit and use by all New Zealanders. In addition he continues to maintain these properties at a cost of $3m to $5m per annum – a gift to New Zealand of over $100m,” Edgar’s submission said.

• 2. Expansion and investment in Millbrook Resort near Arrowtown

Eiichi Ishii, the Japanese businessman who owns Millbrook Resort, was “continuing to pour money into it. We now have a world-class golf and accommodation facility all New Zealanders can benefit from. To date they would have spent several $100m,” Edgar said.

• 3. $40m restoration of Glenorchy camp ground

“Paul and Debbi Brainerd purchased the run-down Glenorchy camp ground. At a cost of approximately $40m, they are restoring it to an eco-friendly facility, which will cater for all types of visitors. Once completed and proven to be cash-flow positive, it will be gifted in a trust for the benefit of the residents of Glenorchy,” Edgar said.

• 4. Generous community organisation donations

“In raising money for community projects like the Winter Games, Queenstown Trails Trust and the Wakatipu Wilding Conifer Control Group, I always find the most generous supporters are overseas people who have a residence in the area,” he said. . . 

Opponents to foreign ownership see it as taking something from New Zealand.

They ignore what vendors might do with the money they get for the sales and pay no heed to what the purchasers give to us.


Rural round-up

February 5, 2018

Markets in danger – Annette Scott:

New Zealand is at risk of causing global market jitters if its biosecurity doesn’t stand up to international scrutiny, Anzco livestock and agribusiness general manager Grant Bunting says.

Lack of accountability, farmer confusion, inadequate animal traceability and too many pushing their own agendas were key factors contributing to a situation with potential to end in disaster for the meat industry. 

Bunting called for accountability and was not alone.

“There are wider industry stakeholders and other processing facilities that share the same concern.”

While Mycoplasma bovis and the Ministry for Primary Industries response was clearly the topic of the moment, the National Animal Identification and Tracing (NAIT) programme had much to answer. . . 

Camp vision brought to life – Tracey Roxburgh:

Almost four years to the day after United States philanthropists Debbi and Paul Brainerd bought a 1.6ha site in Glenorchy, the doors will officially open on their pioneering Camp Glenorchy project, which will be the most sustainable camping ground in the southern hemisphere, if not the world. Queenstown reporter Tracey Roxburgh got a behind-the-scenes tour to see how the project at the head of the lake is progressing.

It’s one thing to take a tour of a building site crawling with contractors erecting frames, digging holes and assembling roofs, and hear about what it will eventually look like — it’s quite another to go back 12 months later and see the vision brought to life.

In March 2014 Debbi and Paul Brainerd, United States-based philanthropists, bought the 1.6ha  Glenorchy Holiday Park and then  four surrounding properties which now comprise the “Glenorchy Marketplace Project”.

It will open to the public in March. In December  the first certificate of public use certificates were issued by the Queenstown Lakes District Council for five of the camp’s cabins ahead of the first guests arriving on December 20 — part of a “soft opening” to test everything and make sure it was up to scratch.  . . 

Greater penalties for stock thieves:

A Bill designed to deter livestock theft will be introduced to Parliament today under the name of National MP Ian McKelvie.

Mr McKelvie says his Bill intends to introduce stricter measures for sentencing judges to draw on when sentencing thieves caught stock rustling.

“The current law offers no deterrent and the penalties don’t reflect the gravity of the crime or the likely suffering of an animal being slaughtered by a rank amateur. . . 

Second Highest Karaka Yearling Sale result:

The National Yearling Sales has recorded its second highest turnover in its 91 year history.

Over 900 horses were sold at Karaka for a combined aggregate of $97,017,750, smashing last years total of $82,015,500.

The highest combined aggregate was reached in 2008 when $111,148,850 was spent at the iconic New Zealand Sale. . . 

Can Australia’s feedlots compete? -John Carter:

It is invariably said that most of a beast’s breeding goes down its neck. A tour of a feedlot, beginning at the inception pens, confirms the saying. “Genetics” improves with the days on feed. 

Good nutrition is essential in producing good meat. However, Australia is heavily handicapped in the world’s food production race.

Ours is, in general, a tired, burnt out, continent with soil poisoned by our eucalyptus trees. 

Our city-centric governments have allowed developers to cover some of our most productive land with concrete. . . 

 

French seed group says GMO protests could force R&D relocation:

Limagrain, the world’s fourth-largest seed maker, will consider moving its research activities out of France if field trials in its home market continue to be sabotaged by opponents of genetically modified crops.

The French cooperative group was targeted last month by protestors who invaded test fields southeast of Paris and scattered non-commercial seed. That was the latest in a series of actions by opponents of gene-editing technology, which they say will herald a new generation of genetically modified organisms (GMOs).

Limagrain said the incident ruined a 37-hectare trial of wheat based on conventional breeding and showed the risk of a repeat of virulent debate over GMOs. . . 

It’s all aobut inches in farming life and football – Andrew Osmond:

Do you ever wonder what NFL football coaches say to their players during a big game? That’s the challenge for Bill Belichick of the New England Patriots and Doug Pederson of the Philadelphia Eagles, the men whose teams will compete this Sunday in the Super Bowl.

Perhaps they’ll turn to the words of a fictional counterpart. In the 1999 movie “Any Given Sunday,” veteran Coach Tony D’Amato [Al Pacino] delivers one of the greatest inspirational sports speeches, ever.

Pacino challenges his team to win the game “inch by inch, play by play.”

This is a football speech, in a locker room, at half time.  For me, it’s also a speech about farming. And life.

Please hear me out on this and let me explain, the idea’s not as strange as it sounds.

Pacino’s character begins by calling the game “the biggest battle of our professional lives.” Then he makes an almost philosophical point: “You find out life’s this game of inches.”

The same is true for farming. . . 

 


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