Post by Kiwi Frontline on Sept 14, 2016 17:13:16 GMT 12
LANDCORP TO SELL NINE SHEEP AND BEEF FARMS SPREAD OVER 14,000 HECTARES
Landcorp is about to sell nine of its 140 farms as part of "reconfiguring its portfolio", but the sales are not a sign the state-owned enterprise is under financial stress says chief executive Steven Carden.
Six of the properties are in the South Island and three in the North. They are all sheep, beef and deer farms, and iwi will be offered first right of refusal on the properties
Ngai Tahu stand to be the biggest beneficiary if it indicates an interest in any of the six South Island farms. The iwi already manages 52,000 ha of rural land in Canterbury, the West Coast and Otago.
www.stuff.co.nz/business/farming/84248814/landcorp-to-sell-nine-sheep-and-beef-farms-spread-over-14000-hectares
Landcorp is about to sell nine of its 140 farms as part of "reconfiguring its portfolio", but the sales are not a sign the state-owned enterprise is under financial stress says chief executive Steven Carden.
Six of the properties are in the South Island and three in the North. They are all sheep, beef and deer farms, and iwi will be offered first right of refusal on the properties
Ngai Tahu stand to be the biggest beneficiary if it indicates an interest in any of the six South Island farms. The iwi already manages 52,000 ha of rural land in Canterbury, the West Coast and Otago.
www.stuff.co.nz/business/farming/84248814/landcorp-to-sell-nine-sheep-and-beef-farms-spread-over-14000-hectares
