Last week, bids closed for an 83% stake in Fonterra's biggest supplier, Dairy Holdings, which oversees 72 South Island farms. Bidders reportedly include Chinese dairy giant Bright Dairy, a pastoral fund owned by Australian investment bank Macquarie Group, British private equity firm Terra Firma. US private equity firm Carlyle Group and the Harvard Endowment Fund.
An American university is buying a New Zealand dairy farm for more than $28 million as officials and would-be overseas investors get ready for new rules.
New Zealand's Federated Farmers is welcoming the purchase of a big slice of farmland in central Otago by Harvard University for $34.1 million.
Agribusiness and global investors are scooping up farmland. Are corporate farmers the new colonialists? asks BusinessWeek
