Tuesday, 09 April 2019 09:29

Westland sale a worry for O’Connor

Written by 
Damien O’Connor. Damien O’Connor.

The Government needs to look at the issue of foreign ownership of businesses, says Ag Minister Damien O’Connor.

The likelihood of the sale of New Zealand’s second-biggest dairy cooperative, Westland Milk Products, is “personally of concern for me coming from the West Coast,” he says. 

“But it is an indication of the level of interest in our agribusiness sector from offshore investors.

“They come from all over the world. There is a large amount of money coming out of Europe that can be and is looking to buy dairy farms. And so from a Government perspective we are taking a cautious approach to ensure we have, hopefully, some control over investment in our primary sectors and the wider economy into the future.

“We have made a call on farmland, and it will be very difficult for foreigners to buy that; we have made a call on houses but we have not made a call on businesses and that is one of the areas we need to look at.”

More like this

Feds support live animal exports

Federated Farmers have reiterated their support for the coalition Government to abolish the present ban on the live export of animals.

Live exports battle

As the coalition Government mulls new regulations to reinstate the export of live animals, debate is heating up between supporters and opponents.

Crazy

OPINION: Your canine crusader was truly impressed by the almost unanimous support given by politicians of all stripes in Parliament to the recent passing of legislation for the NZ/EU free trade deal.

Not popular

OPINION: This old mutt hears that his editor has copped a fair bit of flak from readers after an article on former Agriculture Minister Damien O’Connor appeared in the last issue of this fine organ.

Featured

Dr Mike Joy says sorry, escapes censure

Academic Dr Mike Joy and his employer, Victoria University of Wellington have apologised for his comments suggesting that dairy industry CEOs should be hanged for contributing towards nitrate poisoning of waterways.

People-first philosophy pays off

The team meeting at the Culverden Hotel was relaxed and open, despite being in the middle of calving when stress levels are at peak levels, especially in bitterly cold and wet conditions like today.

Farmer anger over Joy's social media post

A comment by outspoken academic Dr Mike Joy suggesting that dairy industry leaders should be hanged for nitrate contamination of drinking/groundwater has enraged farmers.

From Nelson to Dairy Research: Amy Toughey’s Journey

Driven by a lifelong passion for animals, Amy Toughey's journey from juggling three jobs with full-time study to working on cutting-edge dairy research trials shows what happens when hard work meets opportunity - and she's only just getting started.

National

Machinery & Products

JDLink Boost for NZ farms

Connectivity is widely recognised as one of the biggest challenges facing farmers, but it is now being overcome through the…

New generation Defender HD11

The all-new 2026 Can-Am Defender HD11 looks likely to raise the bar in the highly competitive side-by-side category.

» Latest Print Issues Online

Milking It

Buttery prize

OPINION: Westland Milk may have won the contract to supply butter to Costco NZ but Open Country Dairy is having…

Gene Bill rumours

OPINION: The Gene Technology Bill has divided the farming community with strong arguments on both the pros and cons of…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter