Southland sees surge in overseas sales
- Rural News
- 17 May 2011
More Southland land has been sold to overseas investors in the past year than at any other time during the past six years.
More Southland land has been sold to overseas investors in the past year than at any other time during the past six years.
Dairy exporter Fonterra is expanding in South America with plans for a pilot dairy farm in Brazil.
The New Zealand dairy giant has signed a deal to buy an 850 hectare farm in the Brazilian state of Goias.
Agricultural land is once again attracting global investors but the sector is far from risk free.
With commodity prices at record highs, New Zealand must protect its global advantage by keeping New Zealand land for New Zealand citizens, permanent residents and companies, Green Party Co-leader Dr Russel Norman said today.
La compañía de inversiones de China, Shanghai Pengxin Group, tiene pensado invertir US$ 158 millones en la compra de establecimientos lecheros en Nueva Zelanda (las estancias de Crafar).
Selling the Crafar farms to an overseas consortium cannot possibly be in New Zealand’s economic interests, says Green Party Co-leader.
Agria has lifted its stake in PGG Wrightson to 50.5%, putting control of New Zealand's biggest rural services company in Chinese hands.
Pengxin International of Shanghai, which already has farmland holdings in Argentina, Bolivia, Brazil and Cambodia, has offered to buy the 16 North Island Crafar farm properties in New Zealand
China's Little Sheep Group says it plans to build a sheep farm in New Zealand in order to increase the supply of lamb for its hot pot restaurant chain business.
The New Zealand Superannuation Fund's purchase of a New Zealand farm is just the first of a $500 million plan which will see it invest in local and international rural land.
German investors have splashed out more than $100 million in a month buying thousands of hectares of dairying land in the South Island.
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