Labour couldn’t have scripted it any better
State-owned farmer Landcorp may be forced into a big sell-off of farms as it struggles with the dairy plunge.
There’s concern those farms be bought by offshore investors.
Landcorp’s flagship project is converting the massive Wairakei Estate into the largest dairy unit in the world. But now, with the dairy price slump, Finance Minister Bill English is raising the alarm.
“Like any other farmer they will have a pretty tight situation to deal with,” he says. Read more »