NZL to reinstate dividends
New Zealand Rural Land Co (NZL) has announced its intention to reinstate the company’s dividend and amend its dividend policy.
New Zealand Rural Land Co (NZL), which leases out highly productive farms, made a net profit after tax of $2.5m last financial year.
NZL owns 14,487 hectares of productive rural land in New Zealand which it says is fully tenanted on long-term leases with regular CPI adjustment provisions.
NZL says it generates shareholder value through a combination of asset value appreciation and cash flows from its long-term leases.
NZL chair Rob Campbell says its strategy is to own quality rural land in New Zealand, and to grow and diversify its portfolio while delivering attractive risk-adjusted returns.
"NZL's leases incorporate regular, uncapped, CPI reviews.
"This means higher inflation results in higher than anticipated rental growth. NZL is insulated from inflation-impacted and all other operational on-farm costs by owning only the land," he says.
According to the most recent Rabobank Rural Confidence Survey, farmer confidence has inched higher, reaching its second highest reading in the last decade.
From 1 October, new livestock movement restrictions will be introduced in parts of Central Otago dealing with infected possums spreading bovine TB to livestock.
Phoebe Scherer, a technical manager from the Bay of Plenty, has won the 2025 Young Grower of the Year national title.
The Fencing Contractors Association of New Zealand (FCANZ) celebrated the best of the best at the 2025 Fencing Industry Awards, providing the opportunity to honour both rising talent and industry stalwarts.
Award-winning boutique cheese company, Cranky Goat Ltd has gone into voluntary liquidation.
As an independent review of the National Pest Management Plan for TB finds the goal of complete eradication by 2055 is still valide, feedback is being sought on how to finish the job.
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