While it’s early days, the fact that buyers are seeing a path to a profitable business is a good sign after the caution of recent years.
Regulatory reform coming on the back of a few years of lower returns had dented the appetite of buyers, many of whom didn’t believe the land prices matched the return on investment.
But with the election over, most of the regulations in place and farming’s resilience through covid-19, perhaps the market will begin to kick off – buoyed by those who can see a good future on the land.
Dairy farm sales top $35 million
Three south Waikato dairy farms sold recently for a combined price of more than $35 million.
Big names back kiwifruit fund
A group of high-profile kiwifruit identities are backing an investment fund aimed specifically at raising money to purchase existing or greenfield SunGold kiwifruit orchards.
Water storage underway in the north
The Matawii water storage dam near Kaikohe in mid-Northland is the first to be consented under the previous government’s fast-track provisions to help economic recovery from covid-19.
Synlait wants more share equity
Synlait wants to raise $200 million to complete an investment phase including customisation of its Pokeno and Auckland plants to handle the new multinational nutritional foods manufacturing agreement.
Italian research confirms stink bug impact
Joint research between New Zealand and Italian scientists has continued to yield some insights about how the much-feared brown marmorated stink bug (BMSB) would affect kiwifruit crops, if it were to establish here.
Tonight on Sarah’s Country
7:10pm – Isn’t biodiversity just a natural occurrence on-farm? Hawke’s Bay farmer Steve Wyn-Harris thinks so.
7:20pm – In a first for MPI, Thriving Southland has been established to redistribute funding to 23 catchment group projects to improve water quality. Senior catchment coordinator Rachael Verhaegh explains.
7:30pm – NZ agriculture is facing a raft of environmental reforms. AgriHQ senior analyst Nicola Dennis wonders where the premiums are.
7:40pm – The New Zealand Roundtable for Sustainable Beef is calling for a new, more accurate approach for calculating methane. Chair Grant Bunting will explain.