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Nats pledge to sell Landcorp land to young farmers

Radio New Zealand logo Radio New Zealand 5 days ago

Organic milking teat cups.: no caption © RNZ / Alexander Robertson no caption National is promising to sell some state-owned farms to young farmers after they've worked the land for five to 10 years.

The party announced today it would direct Landcorp to lease some of its farms to young farmers, and give them the opportunity of buying them at market rates when they have built up enough capital.

National primary industries spokesperson Nathan Guy said the government owned a large number of commercial farms through Landcorp, but there was no clear public good coming from Crown ownership and little financial return to taxpayers.

He expected about 100 young farming families to benefit from the programme, he said.

Landcorp has about 140 farms but not all of them would be sold, Mr Guy said.

Many were subject to Treaty of Waitangi claims while iwi had right-of-first-refusal on others, and those rights would be respected.

A strategic review earlier this year advised the government to sell Landcorp, but State Owned Enterprises Minister Todd McClay said that would not be happening.

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