China farming dairy in New Zealand

Cattle grazing in some of NZ beautiful countryside

New Zealand may soon be seeing the largest overseas purchase of a dairy farm from China.  Valued at $1.5 billion Crafar Farms is the largest privately owned dairy operation in NZ. The farm made headlines last year for environmental and animal welfare problems and was ordered to pay $200 million which it then went into receivership last October.  The sale has become highly political as the NZ government is unsure of how this situation will play out.  They are looking at the sale as a ‘guinea pig’ type experiment for other overseas agricultural investments.  Until this date no other overseas ag investments have carried such a large price tag.  Other interested parties include the NZ public which are very skeptical of allowing China to take root in their country.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s