Drylandcarbon buys first property

Drylandcarbon buys first property
Gavin Evans
A specialist carbon forestry fund established by some of the country’s biggest emitters has bought its first property.Drylandcarbon has agreed to buy the 1,600-hectare Te Puna station near Wairoa. About two-thirds of the property – much of it steep and erosion-prone - will be planted in exotics as a permanent carbon sink. About 114 ha will remain as pastoral lease with the balance allowed to regenerate as native forest.Executive director Ant Beverley said marginal land is ideal for forestry planting, but care is needed to ensure that viable lan...

More Primary Sector

Waimea Dam dispute could end up like North Otago scheme, crown funder says
Primary Sector

Waimea Dam dispute could end up like North Otago scheme, crown funder says

It's hoped the adjudication process will be wrapped up by June.

Riley Kennedy 01 Mar 2024
Government to review ETS admin costs for forest owners
Primary Sector

Government to review ETS admin costs for forest owners

Forest owners say it shouldn't cost $30/ha to run the ETS.

Jem Traylen 29 Feb 2024
NZL reinstates dividends, reports $10.9m profit
Primary Sector

NZL reinstates dividends, reports $10.9m profit

NZL said its intention had always been to pay regular semi-annual dividends.

Staff reporters 29 Feb 2024
PGG Wrightson CEO: OCR hike would hurt rural sector confidence
Finance

PGG Wrightson CEO: OCR hike would hurt rural sector confidence

The company suspended its interim dividend, worrying about adding debt if rates go up.

Riley Kennedy 28 Feb 2024