Farming group highlights overseas forestry investmentFriday 27 Apr 2012  The NZ Federated Farmers has used the Crafar Farm sale to highlight the loss of productive agricultural land in New Zealand. President Bruce Wills says the sale causes a minimal threat to New Zealand agriculture, when compared with the expansion of forestry.He says 13,000 hectares of dairy land have been sold to foreign buyers since 2002, but in the same period, 1.78 million hectares of forestry have been sold to overseas investors. Mr Wills says the debate about foreign investment in farm land needs to be extended to all land types. He says more than 70% of New Zealand's forests are now owned offshore. Source: Radio New Zealand |
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