Landcorp confirms it will scale back dairy conversion at Wairakei Estate

Sun, 06 Mar 2016

By Tina Morrison March 7 (BusinessDesk) - Landcorp Farming, the state-owned farmer, confirmed it will scale back the conversion of former forestry land to dairy farming on leased land at the Wairakei Estate north of Taupo following a slump in milk prices and concern about the environmental impact. New Zealand's largest corporate farmer "will significantly reduce dairy's footprint from the original plans and instead include alternative uses for the 14,500 hectares of former forestry land it leases from Wairakei Pastoral," the Wellington-ba...

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