There is growing interest from international investors in the New Zealand agricultural sector, particularly from wealthy Europeans, boutique funds manager Mint Asset Management says.
Private Chinese firm Shanghai Pengxin Group Co., Ltd. has gained regulatory approval to acquire New Zealand-based Synlait Farms with its 13 pastures and 13,000 cows.
The arrangement will provide a government-to-government framework to encourage commercial partnerships between New Zealand and Ethiopian agricultural interests.
A poorly performing bonds environment has led AP Pension to set up its own special agricultural investment fund and buy its first farm.
Labour bill aims to make it more difficult for foreign investors to purchase rural land
Duxton Asset Management is buying a stake in seven sheep and cattle farms even as it voiced concern over the country’s system of regulating foreign investment.
Chinese conglomerate Shanghai Pengxin is poised to buy its second set of dairy farms in New Zealand, the world's leading dairy produce export country, as China's firms increasingly look overseas for sources of milk to meet growing demand at home.
A massive New Zealand farm the size of Christchurch has been sold to a North American investment group.
It has been reported that the state-owned China Investment Corporation and New Zealand dairy giant Fonterra are negotiating to buy Tasmanian dairy farm Van Diemen's Land under a proposed $200 million deal.
The High Court in Auckland has formalised a wide-ranging asset freeze against the unsuccessful bidders for the Crafar farms, Jack Chen and May Wang.
China is headed to spend a record this year on food assets and farms after a $32.7 billion splurge in the past five years and just $4.2 billion in the prior half-decade, data compiled by Bloomberg show.
Prime Minister John Key has told Chinese officials that foreign ownership of farmland is a sensitive issue in New Zealand.