New Zealand Minister of Foreign Affairs says his country can be a logical partner for resource-rich Gulf countries as a producer of food in places like Africa, where experts say half of the potential agricultural land is under-utilised.
New Zealand's state pension fund is looking at buying overseas farmland amid growing demand for food in emerging markets, and it is also interested in assets offered by struggling European banks as well as catastrophe insurance.
Canada's Public Sector Pension Investment Board is looking to capitalise on favourable growing conditions and access to Asian markets having taken a 30 percent stake in the central North Island's Kaingaroa forestry estate.
Since Jane Mendillo took over the endowment in July 2008, Harvard’s holdings of forests, farms and other natural resources in Brazil as well as in New Zealand and Romania have grown to about 10 percent of the portfolio -- more than $3 billion -- and she wants to add more.
Foreign purchases of land in New Zealand have dropped off significantly over the last seven months, after Chinese investors became embroiled in a long-running land dispute and declining carbon-credit prices made forestry assets less attractive.