The Labour party opposes foreign ownership of our farms, they campaign to stop the chinks buying up the Crafar Farms. They used such examples in their campaigns about our land being stolen, sold off to foreigners and not being able to get it back.
Strangely though I can’t find a press release about the latest sale that has been announced. Why is that? Is it because it is Americans buying the land?
One of New Zealand’s biggest farms, described as being the size of Christchurch, has been sold to a North American investment group for an undisclosed sum.
The Overseas Investment Office has just given approval for the sale of Mt Pember station in the Lees Valley, about 85km north-west of Christchurch.
It is a massive 27,242 hectare (66,700 acre) property believed to be capable of carrying almost 53,000 stock units.Ā
The farm was owned by John and Bernice Ramsey who have other farming interests in the North Island, and is an amalgamation of seven runs and stations – encompassing Mt Pember, Wharfedale, Kingsdown, De Bourbles, Island Hills, Snowdale and Okuku Hills.
Mt Pember was bought by the North American investment group’s New Zealand-registered company Lees Valley Station LLC.
The property will be managed by Grasslands NZ LLC, a ranch and farm management/consulting company and will continue to be operated as a large scale diversified grazing operation, with a focus on dairy support, sheep, and beef.
In addition to the land and buildings, Lees Valley Station LLC has also bought all livestock and plant equipment for an undisclosed sum. Mt Pember has previously carried in the region of 28,323 sheep stock units, 20,413 cattle stock units and 5052 deer stock units.
Being run by an offshore management company too.
I wonder if they could find some outrage over the sale if the headline had perhaps said “Chinese Backed US investors buy one of our biggest farms”.