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

NZ exporters salivating at possible UAE trade deal
Primary Sector

NZ exporters salivating at possible UAE trade deal

The United Arab Emirates is already an important market for NZ dairy and meat exports.

Dairy Goat Co-op chair Campbell Storey to step down
Primary Sector

Dairy Goat Co-op chair Campbell Storey to step down

He won't go until the annual meeting in September, however.

Riley Kennedy 02 May 2024
John Penno quits Synlait board as George Adams elected chair
Primary Sector

John Penno quits Synlait board as George Adams elected chair

Synlait Milk co-founder John Penno has quit the company’s board, and George Adams has taken over as chair.The debt-laden milk processor told the New Zealand stock exchange (NZX) on Wednesday that Adams, who joined the board in March as an independent director, would take over fro...

Riley Kennedy 01 May 2024