Just spotted in the NZ Herald that receivers for the Crafar dairy farm empire have announced that state-owned farmer Landcorp has been unsuccessful in its attempt to buy the properties:
Green Party co-leader Russel Norman said the failure of the Landcorp bid now meant Prime Minister John Key had to “back up some of his statements”. Norman said that it now meant the Government “hadn’t been let off the hook – it looked like there might have been an opportunity for the Government to have been let off the hook by Landcorp buying them.”
Key made comments to The Dominion Post saying he “wouldn’t want to see a wholesale sale of New Zealand’s land productive sector”. So what is he going to do now?
According to RadioNZ, Landcorp chief executive Chris Kelly says the failure of its bid is disappointing, but it put in what it considered was a realistic offer, based on current farm values. Does that imply overseas interests are willing to pay more to get access to the land? I’d rather see it locally (and state) owned even if the taxpayers have to pay a bit more.