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

 

Chile Farm Investments Endorses Govt Position

Monday, 29 October 2007,

Chile Farm Investments Endorses Government Position On Chile Agricultural Opportunities



After returning from their most recent visit to Chile’s most productive farming region Osorno, Chile Farm Investments Ltd supports Phil Goff’s recent comments regarding the potential for New Zealand to take advantage of Chile’s rapidly expanding agricultural sector and its preferential access through a large network of free trade agreements.

Mr Goff has recently concluded a two week New Zealand Trade Mission to Argentina, Uruguay, Brazil and Chile.

Chile Farm Investments, a New Zealand company is buying farm land in the south of Chile and introducing New Zealand farm management systems, taking advantage of the large investment made by Fonterra, who are the majority shareholder of Saprole, Chile’s largest dairy company, cheap farmland and an abundant labour force.

Hamish Firth, the managing director of Chile Farm Investments Ltd has only positive comments regarding their ongoing investment in Chile:

‘After visiting Osorno, in southern Chile you could be mistaken for thinking you were in prime Taranaki dairy country. Osorno shares similar characteristics to one of New Zealand’s best Dairy producing areas, except the knowledge and know-how are missing meaning only half of the pasture resources in the area are being utilised.’

‘The demand for dairy products continues to increase and as a result the price of suitable land and other inputs is also increasing. In this regard looking for land-suitable, cost effective and government friendly alternative locations around the world puts Chile is at the top of the list.’

‘The current know-how and productivity on Chile farms is like New Zealand farming was like 30-50 years ago.’

‘With dairy land prices in Chile being about 40% of the cost of similar land in New Zealand and labour being abundant in the range of $15-30 per day the opportunity to replicate New Zealand Farming Systems and take advantage of soaring dairy demand is there for the taking.’

ENDS

Current productivity is best described by the photo taken from Chile Farm Investments’ most recent acquisition “Fondo Donna Maree’.
Given Chile’s extensive range of free trade agreements including the USA and China it is expected the demand for dairy products out of Chile will increase.
A full background on Chile and farming in Chile is available on Chile Farm Investments’ website www.chilefarminvestments.com.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

What Lies Beneath: Is The Housing Market Turning?
Rising interest rates, combined with further tightening of credit availability appear to be dampening the enthusiasm of investors and first home buyers. While house values continue to rise, what lies beneath QV's latest figures is growing evidence that price pressure has shifted... More>>



R&NTU: KiwiRail strike notices withdrawn following new offer

Strike notices on KiwiRail have been withdrawn. Rail and Maritime Transport Union General Secretary Wayne Butson says following negotiations between the RMTU and KiwiRail, a new offer from KiwiRail will be taken back to union members for ratification... More>>



Banking: Stress Tests Show Strengthening Bank Resilience

The latest stress tests carried out by the Reserve Bank of New Zealand – Te Pūtea Matua show strengthening resilience in the banking sector and the benefits of continuing to build capital buffers... More>>



Reserve Bank: Deputy Governor Reflects On Time At RBNZ
Central bankers must continue to look forward to guard against the unpredictable, Deputy Governor Geoff Bascand says in a speech published today. Mr Bascand joined the Reserve Bank of New Zealand – Te Pūtea Matua in 2013 during the aftermath of the Global Financial Crisis... More>>


Xero: Data Reveals ICT Expenditure Key To Small Business Sales Growth
Xero, the global small business platform, today released a new report which shows New Zealand small business ICT expenditure has increased 25 percent compared to pre-pandemic levels - more than the UK (20%) and Australia... More>>


Fonterra: Lifts Forecast Farmgate Milk Price Range And Revises Earnings Guidance At First Quarter Update

Fonterra Co-operative Group today lifted its 2021/22 forecast Farmgate Milk Price range, reported a solid start to the 2022 financial year and revised its earnings guidance... More>>


Canterbury Museum: New Research - Bald Haast's Eagle Feasted On Moa Guts

New Zealand’s extinct Haast’s Eagle (Hieraaetus moorei), the largest known eagle, gulped down viscera like a vulture and may even have been bald, new research suggests... More>>