NZ Rural Land on the hunt for more acquisitions

Fri, 11 Jun 2021

NZ Rural Land Co is on track to deliver its first dividend in the first quarter of 2022 and is on the hunt for more acquisitions, said executive director Christopher Swasbrook. Its rural land portfolio currently stands at $122.75 million, subject to final adjustments, and includes 10 dairy farmers and five support farms. The key, said Swasbrook, is that the company is a rural landowner and not a farmer. “We have no direct on-farm risk, no direct exposure to volatile commodity prices, limited exposure to environmental risk a...

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