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

 

Landcorp inks agreement with iwi for Sweetwater farm in Nort

Landcorp inks agreement with iwi for Sweetwater farm in Northland

By Tina Morrison

Dec. 16 (BusinessDesk) - Landcorp Farming, New Zealand's largest corporate farmer, will continue to be involved in the management of Northland farm Sweetwater after iwi take ownership of the property under a Treaty of Waitangi settlement.

Northland iwi Te Rarawa and Ngai Takoto will take ownership of the 2,480 hectare property near Kaitaia tomorrow, as part of a 2010 settlement. Landcorp, which has been managing Sweetwater in consultation with the iwi, will continue to provide farm management expertise, livestock and technology under a new joint-management and profit-sharing arrangement, the Wellington-based state-owned enterprise said in a statement.

“This agreement deepens what has already been an excellent relationship between Landcorp and both iwi," said Landcorp chair Traci Houpapa. "Through it, we’ve created some very well-performing dairy farms and created more training and employment opportunities for Maori."

"It’s a model for a successful business partnership and we’re actively exploring more of these sorts of productive partnerships with iwi."

Landcorp owns or manages 385,086 hectares of land, 22,634 hectares of which is used for dairy. As well as Sweetwater, Landcorp farms the Te Raite property for Te Aupouri, has sharemilking operations with five iwi from the Hauraki Collective on the Pouorua complex, and leases its Opouahi farm from Maungahaururu Tangitū.

Sweetwater has developed into one of its best performing diary operations, with three dairy units running 2,800 cows, as well as a dairy support farm, it said.

Hemi Toia, general manager of Te Rarawa Investment Company, said both Te Rarawa and Ngai Takoto were taking a long-term view to developing the Sweetwater property and together with Landcorp were looking for further investment opportunities.

(BusinessDesk)

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Official Cash Rate Unchanged At 1 Percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment remains around its maximum sustainable level while inflation remains below the 2 percent target mid-point but within our target range... More>>

ALSO:

Food Prices: Avocados At Lowest Price In Almost Three Years

Avocados are at their cheapest average price since February 2017, with tomato, lettuce, and cucumber prices also falling, Stats NZ said today. More>>

Auckland Port Move: Cabinet Ministers Deliberate On Report

Cabinet ministers now have a copy of a report urging the government to move the Auckland port up north, but say no final decisions have been made. More>>

ALSO:

Toxicology Tests Planned: Dead Rats Washed Up On Beaches

As many as 600 rats washed up on Westport's North Beach over the weekend to the horror of locals. DOC said they may have been killed by a recent 1080 poison drop 140km away and washed down the Buller River after heavy rain battered the coast. More>>

ALSO: