foreign investment tagged posts

New Zealanders Opinions on Foreign Farm Sales

October 6, 2010 New Zealand FinanceNew Zealand Taxation

Sheep!A new survey has found that New Zealanders largely do not support the concept of local farms being sold to foreign investors, regardless of who they employ or where they pay their taxes.

In response to recent political and social discussion on foreign investors purchasing into New Zealand farms, a new survey has been released which examines New Zealanders’ opinions on the topic. The survey was conducted by Curia Market Research on behalf of Natural Dairy (NZ) Holdings Ltd and released on October 6th.

Overall, nearly 65 percent of New Zealanders agreed that local farms should not be purchased by non-New Zealand investors, while only 28 percent thought that they should be sold to the “highest bidder”. According to Curia the sentiment was strongest among the elderly and the female survey ...

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