Craigmore assets hit billion-dollar markFriday 8 Dec 2023 Investing in land use change and ‘better ways of operating’ pays off for a NZ rural investment company.Chief executive Che Charteris says Craigmore has grown steadily in the past year towards achieving its aim of being a leader in sustainable food and fibre production. Rural investment company Craigmore Sustainables has broken the billion-dollar mark for assets under its management. The company, which employs 229 people, has 60 properties in its portfolio, of which 37% are horticulture, 36% farming and 27% forestry. That total area covers 25,906ha, which also includes leases and forestry rights. Releasing its Impact Sustainability Report, chief executive Che Charteris said Craigmore has grown steadily in the past year towards achieving its aim of being a leader in sustainable food and fibre production. “We achieve that through investing in land-use change and in better ways of operating, which take into account some of the major challenges facing society including climate change, loss of biodiversity, and social inequity. This year, we have planted 1.36 million forestry trees, 860,000 apple trees, 140,000 kiwifruit vines, and 491,000 grapevines.” Founded in 2009, Craigmore’s mission is to bring capital into New Zealand’s rural economy to produce quality food and fibre in a way that benefits rural communities, local ecosystems and the wider climate. Last year Craigmore managed 15,374ha of forestry including forestry rights, which sequestered 119,183t of carbon dioxide. It harvested 56,672t in the year and planted 1,340ha of new forestry. Forestry assets were valued at NZ$272m. Source: Farmers Weekly |
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