Rural Equities to sell 2 farms, continues to look at other asset classes

Tue, 04 Sep 2018

By Tina Morrison Sept. 4 (BusinessDesk) - Rural Equities, the farming group majority-owned by the Cushing family, has agreed to sell two of its farms and continues to eye other investments outside New Zealand rural property. The Hastings-based company, which owns 22 farms in New Zealand, said it has entered into unconditional contracts to sell Glendowns, a sheep and beef property in South Canterbury, and the northern block of Dalmuir, an arable property near Timaru, for more than $9 million, slightly above book value. The sale of the pro...

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