United States citizens and companies are buying up New Zealand land for farming, forestry and wine making. ANALYSIS: United States citizens and companies are buying up New Zealand land for farming, forestry and wine-making, an RNZ analysis reveals. Almost 180,000 hectares of farming land was purchased or leased by foreign interests between 2010 and 2021. Selling off our primary industriesOf the foreign sales, the biggest proportion of land – 39 per cent – was purchased for forestry. Foreign interests from the United States bought the most land for forestry, dairy, farming and wine making.

Source: Stuff July 11, 2021 21:33 UTC