Thursday, 26 March 2020 15:23

Bonkers!

Written by  The Hound

The Hound reckons news that an Austrian billionaire has been granted consent to purchase an $8m Hill Country farm, is living proof that the NZ First’s billion tree policy is a disaster for farming in this country.

The Overseas Investment Office (OIO) has granted Wolfgang Leitner consent to buy the 800ha property located in Kotemaori, Wairoa and convert it to forestry.

The property known as Ponui Station currently has 714ha being grazed by sheep and beef stock. Leitner plans to plant a further 640ha of commercial forest, it currently has just 14ha of existing commercial forestry.

According to the real estate listing the farm is described as “clean, healthy country, sought after scale, and opportunity to extend farm capability.”

Meanwhile, this isn’t Leitner’s first farm purchase in NZ, having been granted consent to buy the $4.5m, 489ha Ngapuke Station in Gisborne last September. 

More like this

Featured

Southland Farmers Face Wet Weather Toll, Support Available

Farmers across parts of Southland and South Otago are continuing to deal with difficult conditions after a prolonged run of wet weather, with pressure building around feed supply, stock management, pasture damage, farm infrastructure and everyday workloads.

How Wearable Tech Powers This 1,850-Cow Dairy Farm

For Canterbury dairy farmers Sian Meijer and Rick Wobben, wearable technology has become one of their most valuable on-farm tools - helping manage 1850 cows across an expansive, high-performing dairy operation while improving efficiency, mating outcomes and day-to-day decision making.

New Dairy Welfare Code Released, Takes Effect 2027

The first major update to the Dairy Cattle Code of Welfare in more than a decade has been released, marking what DairyNZ describes as an important step in ensuring animal welfare standards continue to evolve alongside scientific evidence and on-farm realities.

National

Machinery & Products

» Latest Print Issues Online

The Hound

'LinkedIn Greens'

OPINION: The same mainstream media muppets that brought you Jacindamania in 2017 have been flat out pimping for the Opportunities…

UK Warning

OPINION: Your old mate reckons the atrocious way farmers in the UK are treated by their lords and masters in…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter