Environmental rules and tighter restrictions on foreign ownership are denting dairy farm prices which have fallen more than 18 per cent.
- NZ Herald
-
29 October 2018
Local leaders celebrate decision by New Zealand's overseas investment regulator to turn down application by Tegel Group Holdings to buy land for chicken farm. They say it's time to boost smaller-scale farmers, not back foreign-owned companies.
The university’s holdings in developing markets have proved to be more trouble than they’re worth.
- Bloomberg
-
07 September 2018
The number of foreign buyers pulling out of New Zealand farm purchases has more than doubled since the Government tightened rules for overseas investment.
Landcorp Farming, the state-owned farmer trading as Pāmu Farms of New Zealand, has gone with a back-up bidder for its Jericho Station sheep and beef farm in Fiordland after the preferred foreign buyer withdrew.
A group of Chinese companies is rolling out more premium UHT milk and planning a new "fashion milk" from its 29 New Zealand farms, almost entirely for the Chinese market.
China's richest man, Alibaba founder Jack Ma, slipped into New Zealand incognito last month. The founder of the world's largest retailer, which specialises in e-commerce, was in Waikato during Chinese New Year to check out his latest investment.
Fonterra's owners are worried about the cooperative's $800m investment in establishing dairy farms in China, which yielded only $1m in earnings last year, despite a $38m subsidy of their operations by Fonterra's China ingredients division.
- Rural Life
-
19 February 2018
Canada's Public Sector Pension Investment Board, got a green light to buy a medium-sized New Zealand dairy farm and a neighbouring dairy support block in Canterbury for $17.7 million just ahead of tougher requirements on land sales to foreign buyers.
New Zealand's Overseas Investment Office is considering the sale of Harvard University's 5,500-head dairy farms in the South Island to a Singapore-based investor.
- BusinessDesk
-
18 December 2017
Associate Finance Minister David Parker says "New Zealanders should not be outbid by "one percenters" from overseas" when it comes to farmland.
- Radio NZ
-
01 December 2017
The Campaign Against Foreign Control of Aotearoa (CAFCA) is very pleased that the Government announced that, as of December 2017, the rules around foreigners buying NZ farmland have been tightened up.