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

 

Feds Backs Plan to Open Up Landcorp to Young Farmers

Feds Backs Plan to Open Up Landcorp to Young Farmers

Federated Farmers supports the sale of farms currently operated by Landcorp to young farming families.

"This gives young farmers another pathway into farm ownership.

"We also encourage the government to maintain its determination to sell these farms at market value. This is not charity or a gift, this should be a business solution to help young farmer families," Federated Farmers president Katie Milne says.

The sale process will require prospective purchasers to work the land as a leasee for at least five years, before they can buy.

"This will help prove that a young farming family is genuine about building a farming business, and working on the land long term.

"We will watch with interest to see how this process unfolds, as Landcorp has become a complex business and unpicking it will not happen quickly."


ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Fletcher Building: Norris Steps Down As Chair After New $486M Loss Provision

Ralph Norris will step down as chairman of Fletcher Building after the company took a further $486 million provision for project losses at its Building + Interiors unit and said 14 of the unit's 73 projects, worth $2.3 billion, are loss-making or 'on watch'. More>>

ALSO:

WWF: Concerns With Suggestion To “Scrap” Fishing Monitoring

“Our Pacific neighbours, like Fiji and the Solomon Islands, are making this work with far less economic resources than New Zealand. There’s no reason the government can’t get this done by October.” More>>

ALSO:

Greenpeace: Genesis’ Plan To Keep Coal Burning Until 2030 Stuns

Genesis Energy had previously promised to turn off its coal-fired units this year, however after a series of closed-door meetings with power companies including Meridian Energy, the deadline was extended. More>>

ALSO:

PM's Science Prizes: The Science That Saved Kiwifruit

Plant & Food Research is proud to be the recipient of this year’s Prime Minister’s Science Prize for its rapid response to the vine-killing kiwifruit disease Psa. More>>

ALSO:

NZ Government: Fund Encourages Lower-Emissions Technology

Businesses are being encouraged to adopt innovative technology that cuts greenhouse gas emissions in a funding round announced by Energy and Resources Minister Megan Woods today. More>>