Displaying items by tag: Landcorp

LANDCORP HAS done another deal with the Chinese company Shanghai Pengxin – this time to help develop a giant sheep farm.

SEVERAL HUNDRED hectares of one-year-old pine trees are to be mulched to make way for pasture and then herds of dairy cows. The reason: the low cost of carbon credits and the higher returns from dairying

Landcorp Farming expects substantial further growth in last year's record dairy production, through the joint venture with Shanghai Pengxin of China and enlargement of established dairy complexes including Wairakei Estate in the central North Island.

A programme of improvements on the Crafar farms will begin as soon Chinese company Shanghai Pengxin can settle on the properties.

Landcorp Farming has announced a six-month net operating profit of $11 million and expects to reach more than $20 million for the full year.

LANDCORP'S ROLLS Peak Station, just north-east of Taupo, takes you back in time. It's serious hill country that's been stripped of exotic trees and is slowly being developed into a dairy support unit for the SOE's dairy farms in the Wairakei Estate.