Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


State-owned farmer sells up substantial dairy operations

Media Release
11.11.2013
State-owned farmer sells up substantial dairy operations

State-owned farming entity Landcorp Farming Limited is selling one of its bigger North Island dairying units.

Landcorp’s Wharere Road farm near the Bay of Plenty township of Te Puke is a 404 hectare block which has been milking more than 1300 cows – producing more than 500,000 kilograms of milk solids at its peak.

However, with the company now focusing more on developing the capacity of new dairying units, the lush Te Puke farm has been place on the market for sale through Bayleys Tauranga in a tender process closing on December 4.

Bayleys Tauranga rural sales manager Simon Anderson said the Wharere Road farm encompassed five blocks operating as two individual units. Tenders could be made for purchasing any of the five blocks individually, in any combination, or as one combined portfolio.

Nationwide, Landcorp Farming Limited runs 1.6 million stock units on 137 properties – encompassing sheep, beef, deer and dairy farms.

In the company’s 2013 report, chairman Bill Baylis said Landcorp was particularly focused on growing productivity at its Wairakei operations near Taupo – with the intention of adding 4500 more hectares and seven new milking sheds in that region alone.

“The approach means the clustering or amalgamation of properties to unlock economies of scale and development opportunities.”

As a stand-alone location, the Te Puke farm is somewhat isolated from Landcorp’s other ‘cluster’ locations. The combined Wharere Road unit has a July 2011 rateable valuation of $11.14million.

Infrastructure and buildings on the farm block include:
• Five milking sheds – encompassing a 34-aside herringbone shed, three 20-aside herringbone milking sheds, and an 18-aside herringbone milking shed. All sheds were built in the1980s.
• Six homes – five of which are three-bedroom residences, and one four-bedroom dwelling.
• A consented two pond effluent system on each farm.
and
• An array of enclosed hay barns, half-round barns, calf sheds, implement sheds and workshops.

“Originally when Landcorp bought the Wharere Road land, there were five individual farms. These were combined into two ‘super-units’ run by individual share milkers. The option for any potential purchaser is to maintain the operation under its current format and purchase the whole farm, or revert it back down into smaller productive units,” Mr Anderson said.

The farm is supplied from a metered district water scheme to all homes, sheds and troughs. Boundary fencing is predominantly post/batten and wire fencing, while the paddocks are subdivided by electric fencing. Access around the farm is via
well-formed races. A full fertiliser history of the farm has been kept, as have rainfall records of between 1300mm - 1500mm per annum.

Tenders close on December 4.


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news