Rural Equities buys another Canterbury dairy farm

The newly acquired property milks up to 750 dairy cows. (Image: DepositPhotos).

Fri, 24 Dec 2021

Rural Equities has entered an unconditional contract to acquire a 227-hectare dairy farm in mid-Canterbury.The property, which milks up to 750 dairy cows, will be managed under the group’s usual 50/50 sharemilking model. The settlement will be completed on June 1, 2022, the company said. No price was given but the company's chief operating officer, James Wright, said no debt funding would be required. As of June 30 the group, which invests in and manages rural property for long-term capital growth and income – had no b...

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