US

Dairy farm sale not in NZ's interests, says Labour

The approved sale of a large Otago dairy farm to Harvard University in the United States is not in New Zealand's long-term interests and shows a lack of clear and strong rules on foreign ownership of NZ land, says Labour.

US investors plough cash into farmland

Investment managers in the US report rising interest from pension schemes and retail investors in funds that buy and run farmland in developed countries.