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Aviva Investors launches Carbon Removal Fund; Craigmore Sustainables forestry funds hits NZ$100 million; Agri Investor Global Awards close for entries in two weeks; Foreign investment in Australian ag and forestry investment falls from A$8.5 billion to A$5.3 billion; Pollination and Howden examine the role of insurance in nature finance
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CRAIGMORE A.B.C are certainly gonna fly now thanks to funding that has been administered courtesy of the Brian Conlon Foundation
which was set up to commemorate the life of local legend Brian Conlon
have announced a list of recipients for funding this year of which Craigmore A.B.C is tied for having the single largest lump sum allocated to a single organisation
CRAIGMORE A.B.C are certainly gonna fly now thanks to funding that has been administered courtesy of the Brian Conlon Foundation
which was set up to commemorate the life of local legend Brian Conlon
have announced a list of recipients for funding this year of which Craigmore A.B.C is tied for having the single largest lump sum allocated to a single organisation
The brain child of local men Simon Bannister and Niel Cunningham who first founded the club in Bessbrook Craigmore A.B.C provides a warm
welcoming and friendly facility for those children and young people from ethnic minority and disadvantaged backgrounds to come along and try their hands at one of the most magnificent sports there is
Feeling nothing short of elated regarding the fact that the club he worked so hard to bring to life will soon be the proud recipient of £3,500 worth of funding Simon Bannister related the fact that this money will enable the Craigmore Boxing Club to stand and fight for many more rounds to come
“This is going to go a long way” said Simon “our kids are going to get something special out of this I can tell you.”
“This will be spent on inclusion and equipment
We have that many ideas but we are just going to sit down with our fundraising committee and see where the funds will be best spent because this is something that may never happen to our gym again
It is vital for the longevity of our project because it is almost impossible to be awarded something like this
As Simon explains having the will to offer a service and facility for young people to come and learn boxing is only one part of the fight
you also need to have the resources at your disposal to help make this dream a reality
This is where this funding from the Brian Conlon Foundation comes in
“To reach young people you have to provide a service
You cannot just have kids turning up for nothing
not even taking into consideration the cost of living crisis
almost impossible for a small grass roots club for us to buy
The money that we have received from the Brian Conlon foundation is going to change everything for the next two years
We can go out and give kids that have no money and come from broken families or have limited English the equipment that it takes to get them in through the door and train them
“There are wee kids who may think they have no place in a boxing club because they haven't got the fancy bots and they haven't got the gloves
We are strong and every kid that comes in through the door gets exactly the same
We are going down there to take part in a club show that two gyms down there are putting on for us
We are then going to do an away leg to accommodate for them to come up with us as well
Again these are kids that would probably would not be getting out of the Newry and Mourne area whether it is becasue of their own financial situation or if they are isolated in the community because of their ethnic background.”
Whilst the sport of boxing does work to build the physical and mental resiliency of those young people who have the courage to put on a pair of gloves and step into the ring
Niel and their colleague Sean Murder to establish an amateur boxing club in the area have also done wonders to build community relations in Newry
“Out of the seventy named members that we have I would say 40 to 50 percent of our members are from Ethnic minorities
At any one time you could come into my gym and there are five or six languages being spoke
letting them know that someone is going to be there for them
This is not including the people who have been here for a long time
This is the Polish and Lithuanian community
It shows that these kids who are struggling now if you give it time they will be intergrated and they will be exactly like everyonelse who was here before them
“The parents have started making friends and they have their own WhatsApp group
There is a strong sense of community in our gym
A confrontational sport like boxing is fantastic for a female’s confidence
It can be very intimidating for a girl to come into a gym on there first day when the gym is full of boys and there is rave music on and everyone is getting loud and boisterous
However once they have come in they can see that there anxiety has been wasted because what they have been thinking about does not really happen
the people who look brilliant made the same mistakes you are about to make.”
Like the long reach of many of his fighters the club that Simon worked to co-found has come a long way since he first began it five years ago following what Mr Bannister describes as “a strange set of events that lead to the foundation of the club.”
“It is a strange set of events that lead to the foundation of the Craigmore boxing club
The club was founded in 2020 by myself and Niel Cunningham in Bessbrook
Since then Sean Murder has come on board with us
We decided in 2020 that when my son Armandas was hit by a car we would start a boxing club
Two weeks before his Northern Ireland trials for the football he got hit on the road not far from where we lived
He was obsessed with sport and he thought that sport was going to be over because he couldn't play football any more with the pins as he had a detached ankle
I was a boxer my whole life as was my uncle and my best mate Niel
“So we decided that instead of taking Armandas to football and risking an injury on the ankle we would change the sport from feet to hands
A few people who were in the gym noticed and said “Jesus how long has he been boxing.”
“We told them that Armandas was our first kid
They joined and so on and so forth and now five years later we have 70 members
“I have great pride in where my gym is now
The kids that are coming down are kids from my community and it fills me with great pride
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The Department of Conservation has netted more than 70 critically threatened endemic freshwater fish on a South Canterbury dairy farm
the Kōwaro or Canterbury Mudfish was discovered at Craigmore Sustainables’ Somerset dairy farm south of Timaru
The population of mudfish was found living in the farm’s irrigation spring
clear water and the dense aquatic plant growth.
Following visits by DoC staff in April and May
the team netted 72 mudfish ranging in length from 77mm to 149mm.
Somerset business manager Alex Pattullo said the discovery follows the completion of a comprehensive waterway restoration project over the past two years.
“We have replaced the old diesel irrigation pump with a new electric pump to reduce risk of any chemical leaching or contamination and fenced the site to stock-proof it
more than 2760 native plants consisting of dry woodland shrubs and trees
as well as flax and reed plants have been planted at the water edge
“This will ensure a regenerating native bush block around the site
shelter and food for many native and endangered species,” Pattullo said
A report by the DoC says the riparian planting is “extensive and has a variety of species”
The report concludes that the composition of macrophytes (acquatic plants) in the water is diverse and representative of good water quality and stable hydrology
both good indications of habitat quality.
probably because it is spring-fed and largely free of stock
said the company regards it as a privilege and a serious responsibility to be entrusted to manage land
water and other natural resources in New Zealand
“Craigmore has a number of sustainability programmes in place to ensure we strike a balance between respecting the environment and running a sustainable and profitable rural operation
“We strive to grow healthy and safe products while at the same time protect and enhance soil and water quality,” Taylor said
“We’re committed to leaving the world in a better place and allow the generations that follow to continue to earn a living from the land.”
Craigmore Sustainables is a New Zealand rural investment company in horticulture
forestry and farming and it forecasts its horticulture business to grow from $400 million total assets to $650-$700m over the next 18 months
The growth will be in further planting of existing properties in kiwifruit
Chair Forbes Elworthy said Craigmore favours industries in which New Zealand has competitive advantages and strong markets
The Craigmore 2023 Impact and Sustainability Report
reported over $1 billion in total assets across horticulture
totalling 60 properties and 229 direct employees
Thirty-seven per cent of the capital is already invested in horticulture
Most of the horticulture investments involve capital-intensive conversion of bare land to modern orchards on new structures and IP protected varieties.
Craigmore has a unique structure compared to other offshore land owners in New Zealand – while it has access to offshore capital
it maintains New Zealand control over management and governance
Craigmore’s structure is built on managing its investments, often via limited partnerships funded by capital it has raised from long-term private investors, mostly European.
Craigmore makes all material (and non-material) decisions regarding acquisition, divestment, management and director appointments. Investors have to be patient and passive.
The capital is placed in funds like the Craigmore Permanent Crop Partnership, which owns orchards and contracts in management services from Craigmore and others to run the assets and operations. Expansion is happening rapidly across 15 sites in Northland, Bay of Plenty, Gisborne and Hawke’s Bay, Nelson and Marlborough, horticulture general manager Con Williams said.
In the 2023 report, Craigmore tallied the planting in one year of 860,000 apple trees, 140,000 kiwifruit vines and 491,000 grapevines on what was previously pastoral land.
In FY 2024, Craigmore had 2160ha of orchards, including leased land, and total assets of $376m, including seven main kiwifruit orchards, six large apple orchards, over 350ha in grapes in three regions, a minority share in 350ha of hops, and a small Far North avocado orchard.
Williams said some of the older orchards have now been operating four or five years and are approaching full production and higher asset values.
Craigmore does not invest further along the value chain, in either packing or branding, but has management relationships with the like of Seeka, Trevelyans, EHC, Kiwicrunch, Indevin and Clayton Hops.
“We stick to the orchard development and management and leave others to do what they do best,” Williams said.
Kiwifruit, apples and grapes are the three major crops where Craigmore’s foreign investors satisfy the Overseas Investment Office requirements such as employment growth in disadvantaged communities, investment that might not otherwise have occurred, boosting export revenue and sustainable development.
Craigmore orchards are mainly in the core growing districts for the specific crops – kiwifruit in Kerikeri and Te Puke, apples in Gisborne and Hawke’s Bay, and grapes in Hawke’s Bay and the Wairau Valley, Marlborough.
“That is partly for climatic reasons and soils, and partly for the existing industry infrastructure, service providers and access to skilled people,” he said.
Around 25% of the kiwifruit orchards are managed and certified organic, matching investor preferences with the higher fruit prices.
Craigmore grows 20% of New Zealand’s organic gold kiwifruit, for the higher orchard gate returns that are available and its sustainability credentials.
Significant recent gold kiwifruit development is almost complete at Wiroa, near Bay of Islands Airport, with vertical shelter and drip irrigation from the Kerikeri scheme.
Nearby are the smaller Kiwinorth established orchards bought from Seeka and still managed by that packhouse.
Northland sites total 200ha while five Bay of Plenty sites total 120ha, with a plan to even the regional split up over time, Williams said.
The Gisborne sites include cropping leases formerly part of Coxco and Cedenco, and the Sunpark and Glenpark apple orchards, being planted with Envy and Rockit, plus other varieties.
Further south, in Central Hawke’s Bay, Craigmore has its largest single location, the 480ha Springhill development at Ongaonga, now established with 180 canopy hectares (cha) of apples and this year 170cha of grapes. Envy, Rockit and Dazzle are the main apple varieties, although Craigmore guards against being over-reliant on one variety.
An adjacent 17cha is developed in grapes, mainly sauvignon blanc with some pinot gris.
Also in Hawke’s Bay is the CFP apple orchards of 112ha in a range of varieties that is leased to Mr Apple, the Scales Corporation division.
Williams said the life cycle of apple varieties has quickened along with the introductions of new structures and planting densities to get the most out of every hectare.
The modern structure Craigmore has selected is 1950 twin-stem trees per hectare on trellis structures to produce a wall of fruit that might be mechanically harvested or pruned in the future.
“The apple industry is very innovative, and I think the key is to pick a structure and orchard design and do it well.”
Craigmore is a 24% owner in the Clayton Hops businesses at Battery Hill and Blue Rock, Tapawera, Nelson Province, consisting of growing, processing, pelletising and selling hops.
Williams said this is effectively the only stake Craigmore has beyond the orchard gate directly in processing. The business is managed by the Claytons who are the majority owners.
Over in Marlborough, the newly acquired Cat Creek properties total 418ha and are being planted in sauvignon blanc, to be managed by Babich Wines, with processing at Riverlands.
It will be planted at a rate of 90-100ha annually at 2222 vines/ha over two years as water builds up in the storage dam totalling 180,000 cubic metres over a 5ha area.
The Craigmore horticulture business has between 80 and 85 full-time-equivalent employees, including those in the development and business teams along with orchard managers and their staff members. The seasonal workforce requirements are rapidly expanding as canopies mature and the crop loads to harvest increases.
“As a New Zealand-owned investment manager, Craigmore is on a mission to use long-term capital to grow our sustainable horticulture, farming and forestry sectors,” Williams said.
8 Weld Street,P.O Box 529,Feilding, New Zealand0800 85 25 80
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Children from Moerewa School visit the Waiharakeke Stream after work completed to clear crack willow
Craigmore Sustainables has partnered with iwi and the community on a native planting and stream enhancement programme at its Opare Forest near Kerikeri
The pest species crack willow had created debris dams in the Waiharakeke Stream
which runs adjacent to the forest’s northern boundary
This was increasing flood risks and creating swimming hazards for the township and blocking the migration path for native eels
has undertaken an extensive project to clear the willow
creating dense thickets and replacing native riparian species
Aerial surveys identified high-risk debris dams and
with input from representatives from the environmental group Ngā Tirairaka o Ngāti Hine and the Northland Regional Council
these were removed with minimal disturbance to the stream bed
Children from Moerewa School have also been visiting the Waiharakeke Stream as part of a river health project
Their monitoring indicates the health of the awa (river) is improving
Another further project is now under way with the community to plant 4900 eco-sourced mānuka
kahikatea and karamū trees in a streamside area devoid of native vegetation to help restore and enhance the riparian zone
Native riparian areas perform a vital function
and creating a habitat for other riparian species
Kahikatea-dominated forests once grew in these damp soils
The remnant trees have been surrounded by the newly planted seedlings
creating a link between established ancestor trees and their descendants
19.8 hectares has been planted in native species on this property and a further 5ha will be planted in 2025
Wiremu Keretene (Tāngata Kaitiaki/Tiaki for Area/ Rohe Moana of Ngāti Te Ara and Ngāti Kopaki) and award-winning community planting team Te Papa Pa Orooro (Nga Tangariki O Ngati Hine) have been undertaking the planting work
Keretene sees the establishment of kahikatea forest as a legacy for his whānau
as this motivation strongly aligns with the commitment Craigmore makes to the community and agricultural sector to grow for the future.”
Craigmore Forestry general manager John Barker said Craigmore takes its guardianship of the forest seriously
we are committed to ensuring that the river is free from obstructions
so the eel can move into the upper catchments of the stream
“We’re thrilled to be partnering with the community for this stage of the project
It’s exciting to see progress with the extensive native planting programme underway,” he said
The Far North's controversial water project needs a High Court review
Craigmore Sustainables project manager Alan Dobbie is pleased with the success of two trials using alternatives to Hi Cane
One of New Zealand’s biggest kiwifruit orchards is having success using alternative sprays to the controversial chemical Hi Cane
Craigmore Sustainables project manager Alan Dobbie is trialling two products called Synchron and Siberio on a small patch of the kiwifruit orchard he runs in Kerikeri
who runs kiwifruit blocks at Wiroa Rd adjacent to Kerikeri Airport and near Stanners Rd in Kerikeri
trialled the products on six rows of kiwifruit last August
now we want to do the same trial this year to make sure it wasn’t just a one-off
Hi Cane is an important tool for many kiwifruit growers and is used under strict conditions once a year in late winter when the vines are dormant
The spray helps to produce greater yields of quality fruit which ripens at the same time
there has been opposition to the toxic chemical
which has been used in New Zealand orchards since the 1980s
According to safety data sheets on New Zealand Kiwifruit Growers website
It is also harmful to aquatic organisms and is toxic to birds
Kerikeri resident John Levers lobbied to have Hi-Cane
banned and persuade the industry to enforce its own spraying guidelines
the Environmental Protection Authority (EPA) decided to allow the continued use of a controversial spray widely used on Northland kiwifruit orchards
which are safer for the handler and the environment
are mixed with calcium nitrate to ensure the plants absorb the nitrogen
Siberio is the first CE-approved biostimulant specifically indicated for improving germination in tree crops
Dobbie plans to trial the product alternatives in the same size area again this year
“Once we get two years under our belt we’ll reassess and look at expanding it out
“We would like to start using it in ‘sensitive areas’ such as areas closer to neighbours
“As an industry we are trying to look for alternatives
who also runs orchards in the Bay of Plenty
said the company was named Craigmore Sustainables “for a reason”
“The big thing with it is if we can find a more benign product
it’s better off for everyone and the planet
“If you can use another product that’s more benign why wouldn’t you?”
Jenny Ling is a news reporter and features writer for the Northern Advocate
She has a special interest in covering roading
CRAIGMORE offers an affordable avenue into the housing market
recreational facilities and convenient public transport routes
has enjoyed the comforts of living close to work
But he’s now selling his three-bedroom home in Birch Grove
“It’s simply time to move on with the next phase of life with my new partner,” Grant says
“I bought the home 24 years ago when I was an aircraft technician in the (Australian) Air Force and updated it
“So it was close to work at Edinburgh Airbase
including Munno Para Shopping Centre which was being redeveloped
“The proximity to the Barossa Valley was also an attraction.”
Craigmore is on the market with Harcourts Sergeant Salisbury
It has an asking price of $335,000 to $359,000
CoreLogic data shows Craigmore’s median house price has grown by 8.2 per cent in the past three years
“Craigmore is and was very affordable,” Grant says
“So you can pursue other things because you won’t be tied down to a big mortgage
If you put a gate at either end of the street
A number of “longstanding neighbours’’ add to the stability of life
A big gully with walking trails is set near Smith Creek
Craigmore is on the market with LJ Hooker Salisbury
“We thought Craigmore had everything nearby and it also had reasonable prices,” Grant says
“So it was an attractive way into the housing market and the home was quite modern then.”
Sales agent Clinton Barker says Craigmore offers value homes for first homebuyers
near major shopping hubs and recreational facilities
“Other buyers are attracted by the generous blocks and vicinity to major shopping like Elizabeth and the Edinburgh air base
this will make the area much more accessible.”
The name was taken from an early homestead in the area
There is a large range of schools within a 2km radius
including Catherine McAuley School (primary
Trinity College Blakeview (combined) and Craigmore High School
Mostly contains housing from the 1980s and 1990s
with many homes getting updated treatment in recent years
Undulating terrain adds to the suburb’s appeal with parts bordering the foothills
The accent on easily-maintained landscaping is evident through most streets
CoreLogic data shows detached houses make up about 94 per cent of all homes in the suburb
About 22 per cent of all the homes are rented
The Munno Para Shopping City contains many large stores
Elizabeth Shopping Centre is also close by
A Woolworths store and pharmacy are among stores in the neighbouring Blakes Crossing shopping complex
There’s a dog park and sports ground near the corner of Hanson and Uley Roads that’s well patronised
Craigmore Park runs through the centre of the suburb
The linear park known as the Elephant Walk can be followed from Craigmore to Anderson Walk in Smithfield by bike
there are lookout points on Craigmore and Uley Roads
Gawler is about 16km away while Tanunda’s main street in the Barossa Valley can be reached in about 35 minutes
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Craigmore Sustainables chairman Forbes Elworthy
The growing influence of corporate farming in New Zealand is a fact of life
but Forbes Elworthy says don’t write off the family farm just yet
His great great grandfather Edward Elworthy - from a family of Somerset woollen millers - set foot in New Zealand in 1864
He had purchased a share of the Pareora lease and steadily converted the property from leasehold to freehold
Holme Station contained a limestone hill known by the Scottish shepherds as craigmore
Edward sold sufficient land to free himself of all debt
He then allocated 10,000 acres (4050ha) to each of his three surviving sons
The core Holme Station block went to Arthur
Forbes’ father Peter bought out his brothers in the late 1970s and also built up Papamoa
In the 1980s, Peter became president of Federated Farmers and chair of independent directors of the board of the Reserve Bank
later extending the farming assets to about 4200 ha
a company that works with global capital partners to build and manage farms
Craigmore co-founder Mark Cox retired from Craigmore last December after nearly 14 years
Elworthy also founded Map of Agriculture - a firm specialising in advanced data for farmers and supply chains
Craigmore Sustainables manages assets worth about $1 billion and is one of the country’s biggest dairy farmers and producers for the food industry
New Zealand is also experiencing a long-term trend to larger dairy farm operations in terms of average area per farm at about 2 per cent a year
in an interview with the Herald while on holiday in the south of France
acknowledged aggregation of farm ownership is a trend
but says the family model will be around for a while yet
“Farming will be family-owned for a long time to come
but there is a real role for financial capital to come into farming from here and there - for the larger projects like some of the land-use change projects that we have done around Hawke’s Bay
Many of those projects have involved transforming pastoral land into horticulture
He says dairy remains important to Craigmore - it counts as being a top 10 producer in New Zealand - but the majority of its capital is now in horticulture: apples
Elworthy notes families here and around the world tend to hold on to farms for a long time
“Even if there was a lot of land going out of family ownership
it would take a century for corporates to really get involved in farming.”
farms remain in the family for an average of 100 years
Elworthy says there’s a good reason farms tend to stay in family ownership
They can tighten their belts in this quite tough industry
“Ninety per cent of US farms are family-owned
and I suspect that it’s at least the same sort of number in New Zealand.”
He is an MBA graduate and was educated at Oxford and Harvard universities
trading bonds in London and New York with Goldman Sachs and Merrill Lynch
Elworthy also founded the financial software company Credit Market Analysis
which was later sold to the Chicago Mercantile Exchange
but it made a seven-times return for his backers
The Elworthy family owned half the company when it was sold
Bridget and their three children divide their time between Oxfordshire
It’s been a while since Elworthy has set foot in a trading room in New York or London
“For a young person just off the boat from New Zealand
those places offered - and still offer - a range of opportunities because they move a fair bit of capital around and act as a sort of clearing house for people’s savings
so a lot of capital just gets channelled between those centres
along with places like Hong Kong and Singapore.”
The untimely end of his father Peter meant a big transition from the sharp end of the world’s financial markets back to South Canterbury
“Like a lot of farm boys who come off the farm and find their way in the city and into a profession
“Dad dying quite early - which was really sad - in some ways just happened early enough that it unlocked a need to come back to the station
“So I was drawn back into farming by family changes but of course as soon as I got back into it
I re-discovered how interesting agriculture and forestry is
“If he had died 10 years later I would have been embedded in my career and I would not have found it as appropriate.”
Craigmore Sustainables is New Zealand-owned and operated while its assets are foreign-owned
which is focused on producing sustainable food and fibre
today has total assets of more than $1 billion and 60 properties
All of Craigmore’s investors are limited partners
“Although they supply us with their capital
they delegate to Craigmore as a New Zealand-controlled manager of forests
who trust a bunch of New Zealanders to manage their land for them
we are unique compared to other offshore landowners in New Zealand
who try to manage New Zealand land from abroad
“Most of our capital is from European family offices and institutions seeking long-term opportunities to invest in sustainable food and fibre companies.”
When Craigmore Sustainables became involved in horticulture in 2012
the company discovered New Zealand has a lot of microclimates suitable for grapes
He says some parts of the country would fit the “appellation” tag in much the same way as the Champagne region of France does
Large amounts of capital are required to convert property to different land uses
The majority of Craigmore’s capital is sunk into horticulture
while farming and forestry level peg with each other
Elworthy spent six years as a data entrepreneur
setting up a firm called Credit Market Analysis
which was later sold to the Chicago Mercantile Exchange in 2007 for $US96.4m
The Elworthy family owned about 50 per cent of the company
He says there are similarities between CMA and Map of Agriculture
we sought to share the cost of a specialist data team across many users.”
whose costs are shared by more than 100 food processors and grocers and food brands around the world
It took CMA just a few years to support most credit market data flows
It has taken 10 years for Map of Ag to build a definitive platform for large numbers of different types of farms to be able to gather and share their data
Elworthy says the sector has come a long way over the past two decades
“We are all having to cope with high interest rates at the moment
but so are many other Kiwis - not just in agriculture,” he said
“It’s been a challenging period,” he added
“Dairy seems to be through the worst of it but sheep farming is really challenging at the moment.”
He says farming is rapidly evolving and becoming far more efficient
And the “sustainables” part of Craigmore’s title is not just a buzz word
It’s trying to think about the future and bringing it back to today
because that’s a good way of putting it into ordinary language
“Dairy is very interesting at the moment because is a very important source of protein and other nutrients
“Dairy has an intensity and a system that is going to enable it to change its environmental footprint
“It’s one industry that is really grappling with those footprints and Craigmore takes very seriously our role in those areas.”
He said there were “eight or nine” methane and nitrogen technology systems on its farms
While his hand was determined by family circumstances
Elworthy says he hasn’t looked back since his return to farming
“Everything I do now is around agriculture
And the transition from the cut-throat financial markets to farming
because hardly anyone is in it just for the money.”
This article has been amended to clarify that the Elworthy family owned about 50 per cent of Credit Market Analysis
Jamie Gray is an Auckland-based journalist
covering the financial markets and the primary sector
Billionaire Twiggy Forrest is the largest shareholder of the Aussie dairy company
Motorists are advised that roads will remain closed in the Garvagh area for a number of hours while Northern Ireland Fire and Rescue Service tend to a fire on Craigmore Road
"Please avoid the area at this time," a PSNI spokesperson said
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Brand-new spot American Burger Bar has opened in Craigmore with American burgers
and milkshakes has landed in South Australia.
Brand-new spot American Burger Bar has opened in Craigmore
favourites and is stacked with burgers galore
the new joint has the “Classic New Yorker” hamburger with a beef patty and maple bacon
and “America’s Special” with double cheese
and an array of fried sides such as chicken wings
You can finish all that salty goodness off with some sweet desserts
American Burger Bar has a list of shakes (KitKat
say the spot is also in the process of getting its liquor licence
Find them online here or call 08 7373 2566
Find American Burger Bar at Shop 6/2 Zurich Road
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Scales Corporation has agreed to sell two Hawke’s Bay apple orchards to a Craigmore Sustainables fund of overseas investors for $34 million
subject to Overseas Investment Office approval
The Te Papa and Blyth orchards total 186 hectares of planted area
of varieties not specified but thought to be Fuji and Royal Gala
will be supplied for packing and marketing to the Scales subsidiary Mr Apple
one of the largest orchard businesses in New Zealand
Blyth orchard will be leased back to Mr Apple until the end of the 2027 season and Mr Apple will provide short-term management services for the Te Papa orchard
Scales managing director Andy Borland said the sale of two orchards will have a $4 million earnings reduction
but the Scales purchase from Bostock announced in May has added $10-$12m in the medium term
Scales bought 240ha of owned and leased Bostock orchards with a high concentration of Dazzle variety
to lift its proportion of premium varieties like Dazzle
in a season drastically effected by Cyclone Gabrielle
but in prior years the range had been $40-$50m
German-owned company Beehive Demetra Ltd purchased Patutahi orchard near Gisborne
a 61ha site with an apple orchard on about 40ha of it
A foreign interest that sees potential in the future of Gisborne’s apple industry has purchased 61 hectares of land for an orchard
German-owned company Beehive Demetra Ltd bought the property at Lavenham Rd and Judd Rd in Patutahi and McFarlane Rd (Waituhi) for an undisclosed sum from the family trusts that own growing business Judco
Toitū Te Whenua Land Information NZ (Linz) granted permission for the purchase as an overseas investment in a July decision
Beehive Demetra was formed last year and is a subsidiary of German insurance company Munich Re
which was formed to invest in horticultural assets in New Zealand
The Linz overseas investment decision said about 40ha was already used as an apple orchard
“[Beehive Demetra] will upgrade the existing orchard and plant an additional 16 hectares in a new apple variety on land that is currently used for cropping,” the decision said
“The main benefits to New Zealand are likely to include capital expenditure
increased jobs and increased export receipts.”
Beehive Demetra had earlier got approval from Linz to purchase 72ha of orchards in Hawke’s Bay to begin its development of permanent crops in New Zealand
Craigmore Sustainables is a New Zealand-owned rural investment company providing governance and management services for Beehive Demetra
Craigmore Sustainables chief executive Che Charteris said this was Beehive Demetra’s first purchase in Tairāwhiti
It has had its ups and downs with the cyclone
“The first apples in the country come out of Tairāwhiti and it has excellent growing conditions
good fertility and it is a pretty practical community as well.”
Charteris said there was about 33ha of canopy on the property growing the Envy and Jugala apple varieties and the planned expansion would bring it up to 48ha
while the remaining 13ha of land would be used for supporting infrastructure
“There is a future [in the apple industry]
The problem is that New Zealand is pretty capital-constrained
We just don’t have a lot of cash,” he said
“Reinvestment generally depends on bank finance and we all know where interest rates have been
We see that there is a real need over the next couple of years to put equity into our rural communities to redevelop apple orchards
He said there “absolutely would be” new jobs created in addition to the existing ones at the orchard
“The average modern orchard can end up generating between 1500 and 1800 hours of work per hectare a year and that is just on the orchard let alone packhouses and all that.”
Beehive Demetra was looking into other options for purchases at the moment and while he couldn’t go into detail
he said they were looking outside of Tairāwhiti and Hawke’s Bay for now
“Regional diversification is really important
so we will be looking elsewhere to get a balance
Judco general manager Mark Lewis had no further comment on the sale to add to what Craigmore Sustainables had publically said
At the time Gisborne District Council’s 2023/24 summer crop survey was released there were 653.3ha planted in apples and pears (grouped by the council due to similar infrastructure) in the Gisborne region
The crop was the region’s sixth most abundant and the area it covered had steadily increased over the past eight years
with an increase of 467.2ha from the 2014/15 period to 2023/24
James Pocock joined the Gisborne Herald as chief reporter in 2024 after covering environmental, local government and post-cyclone issues in Hawke’s Bay. He has a keen interest in finding the bigger picture in research and making it more accessible to audiences. He lives near Gisborne. james.pocock@nzme.co.nz.
Agnes Scott was the first woman on the Cook Hospital Board in 1925.
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Rayocool fmlocalnewsAlmost 70 firefighters at the scene of blaze in GarvaghOperations are ongoing on the Craigmore Road
Almost 70 firefighters have been battling a blaze at waste management facility in Garvagh.
A statement from NIFRS said, “NIFRS are currently dealing with an incident at commercial premises at Craigmore Road”
“There are currently 67 firefighters in attendance along with 8 pumping appliances, 2 aerial appliances, 2 water tankers and a command support unit.”
RiverRidge CEO’s Brett Ross said in a statement, “At around 3am this morning (Friday 17th January) a fire was detected at our Craigmore Facility."
"The Northern Ireland Fire Service is currently dealing with the situation, and it is too early to assess the cause and extent of the damage."
"The fire will be the subject of an immediate and thorough investigation and both the Health and Safety Executive and Northern Ireland Environment Agency have been notified. "
"Contingency plans for the company have been enacted and we have alerted key customers to assure them of our ongoing services. The collection of waste is ongoing, although there will be some disruption/delays to the likes of our skip services. "
"I would like to thank the Northern Ireland Fire and Rescue Service for their immediate response and support and apologise for any inconvenience caused to our neighbours."
"No one has been injured during the incident.”
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Rural investment company Craigmore Sustainables has broken the billion-dollar mark for assets under its management
which also includes leases and forestry rights
Releasing its Impact Sustainability Report
chief executive Che Charteris said Craigmore has grown steadily in the past year towards achieving its aim of being a leader in sustainable food and fibre production
“We achieve that through investing in land-use change and in better ways of operating
which take into account some of the major challenges facing society including climate change
we have planted 1.36 million forestry trees
Craigmore’s mission is to bring capital into New Zealand’s rural economy to produce quality food and fibre in a way that benefits rural communities
It aims to halve greenhouse gas emissions across its business by 2030
Acknowledging NZ pasture-based dairy farms produce among the lowest carbon-intensity dairy products in the world
Craigmore has gone a step further with a goal of achieving an independently verified and commercially viable net carbon zero dairy farm by 2035
On a North Canterbury dairy farm the company is installing NZ’s first commercial EcoPond system
which treats shed effluent to reduce methane emissions by 95%
The one dairy support farm and 22 dairy farms in the South Island managed by Craigmore are valued at $363 million and cover 8372ha
The 15,907 cows milked produced 7,158,815kg/MS last season
These farms are run by teams and equity partners
In addition Craigmore has five minority interest investments in dairy farming businesses that comprise an additional 8216ha producing 90 million litres of milk annually
Its horticulture business covers 2160ha and is valued at $376m
Production last season totalled 2471t of apples
Last year Craigmore managed 15,374ha of forestry including forestry rights
which sequestered 119,183t of carbon dioxide
It harvested 56,672t in the year and planted 1340ha of new forestry
Craigmore has placed 2816ha of native forest under some form of additional legal or physical protection and has planted 202ha in natives stands and for waterway protection
A biodiversity programme this year shows a significant increase in kiwi sightings at the Wiroa kiwifruit orchard in Northland
and critically threatened endemic mudfish have been observed in a restored waterway on Somerset dairy farm in Canterbury
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Former Kathmandu chief executive Reuben Casey has been appointed chief operating officer with farming, horticulture and forestry company Craigmore
Casey resigned from his role as chief executive at Kathmandu in July last year
after 12 years with the global outdoor clothing company. He has also held positions at TaylorMade Adidas Golf and Meridian Energy.
Williams will join Craigmore in late February from MyFarm
where he is currently general manager investments
Before that he was ANZ Bank’s agri economist
Casey said he was delighted to join Craigmore
“I am excited to contribute to Craigmore’s purpose
which is to produce food and fibre that is sought after around the world.”
much loved father of Pauline and Catherine
Mark and Adam; great-grandfather of Robert
followed by interment in the adjoining churchyard
Family and close friends are welcome to call at the family home on Tuesday
BT52 1BF or online at www.hughwadefuneraldirectors.com
Lovingly remembered by all his family and friends
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