Why ANZ Investments bought almost 10% of NZ Rural Land Co

Why ANZ Investments bought almost 10% of NZ Rural Land Co
Jenny Ruth
ANZ Investments is taking a long-term view in buying almost 10 percent of New Zealand Rural Land Co, which debuted on NZX after raising $75.6 million.Craig Tyson, head of Australasian property securities at ANZ Investments, said the investment isn't without risk, but it’s a bet on the long-term value of NZ rural land."We know the farming sector is highly volatile. How are farmers going to pay the rent – that's our biggest risk in this if commodity prices collapse," Tyson said."But if you had invested in rural...

More Primary Sector

Dairy Goat Co-op looks to drop farmers' supply quota - again
Primary Sector

Dairy Goat Co-op looks to drop farmers' supply quota - again

It will go to a vote at a meeting in Hamilton on Friday, BusinessDesk understands.

Climate change will force major rural land use change
Primary Sector

Climate change will force major rural land use change

Some land will need to be abandoned, use of other areas will need to change dramatically.

Greg Hurrell 22 May 2024
Global dairy prices end NZ season on a high note
Primary Sector

Global dairy prices end NZ season on a high note

Dairy prices rose 3.3% in the overnight GDT auction. 

Riley Kennedy 22 May 2024
Alliance Group weighs options for future capital structure
Primary Sector

Alliance Group weighs options for future capital structure

The possibilities include an initial public offering of the meat processor.

Riley Kennedy 22 May 2024