Thursday, May 19, 2022

More than 4000ha sold to foreigners for forestry

The Government has approved the sale of more than 4000ha of farmland for conversion to forestry by foreign buyers.

The latest Overseas Investment Office (OIO) report lists approval for six sales of farmland in Southland, Wairarapa, Hawke’s Bay, East Coast and Northland.

They range in size from 160ha at Tuatapere, Western Southland, to the 1275ha Maunga O Rangi Station near Gisborne.

The Gisborne property is mainly class 6 and 7 land.

Other sales include another Tuatapere Farm, a 549ha unit running beef and dairy grazing, that is listed as class 4 and 6 land.

Also sold for forestry is Earlyhurst, a 944ha sheep and beef farm near Masterton, predominantly class 6 land.

A 702ha Kaipara beef breeding and finishing block is also being sold for forestry and is rated predominantly Class 6 and 7 land as has Stoneridge Farm, a 609ha property running sheep and beef at Porangahau in Central Hawke’s Bay, with its land mainly classed 6 and 7.

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