U.S., Not China, Biggest Buyer of New Zealand Dairy Farms

October 19, 2015 03:07 PM

According to a report in dairyreporter.com,  U.S. citizens are the biggest buyers of New Zealand dairy farmland.

For the two years ending December 2014, U.S. interests purchased 38,000 acres, or 56% of the freehold acres sold. The land was purchased in five parcels for $53.7 million.

China is often thought of as the largest buyer of New Zealand dairy farms. But it conducted just one transaction, for 8,160 acres, paying $43.1 million.

The other foreign buyers were from the United Kingdom and Sweden. 

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