Archive | Forestry

Campaign to eliminate wilding pines nears first-year target

Primary Industries Minister Nathan Guy & Conservation Minister Maggie Barry said at the weekend the control of wilding pines had nearly reached the first-year target of 1 million ha.

Mr Guy said: “20% of New Zealand will be covered in unwanted wilding conifers within 20 years if their spread isn’t stopped. They already cover more than 1.8 million ha of New Zealand and until now have been spreading at about 5%/year. The national wilding conifer control programme was put in place in 2016 to prevent their spread and systematically remove them from much of the land already taken over.

“Prevention is the best form of management. Removing young seedlings before they start producing seeds costs less than $10/ha, but removing mature trees can cost over $10,000/hectare.”

Ms Barry said: “Wildings compete with native plants & animals for sunlight & water and can severely alter natural landscapes. The control programme is to protect our conservation land, iconic landscapes, tourist routes, high country farming heritage & sensitive water catchments from these invaders.

“Last year the Government committed an additional $16 million to wilding control over the next 4 years and that’s on top of $11 million already spent each year.”

Attribution: Ministerial release.

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Iwi partnership buys into Kaingaroa forester

6 central North Island iwi have joined forces to buy a 2.5% stake in New Zealand’s largest forestry business, Kaingaroa Timberlands, from the NZ Superannuation Fund.

The parties said the investment was one of the biggest ever involving an iwi collective, but the price hasn’t been disclosed.

The 6 iwi representative organisations – Ngati Rangitihi, Ngati Whakaue Assets & Te Arawa River Iwi LP, Ngati Whare, Raukawa, Te Arawa Group Holdings Ltd and Tuwharetoa – have formed Kakano Investment LP to buy the stake.

Raukawa chairwoman Vanessa Eparaima, appointed to chair Kakano, said the investment was a major strategic & commercial step forward for iwi, and a win-win that ensured iwi were involved in the forestry business itself as well as being the landowner.

90% of the Kaingaroa Timberlands tree crop is on the 176,000ha returned by the Crown to 8 central North island iwi in 2008, in the largest single Treaty of Waitangi settlement for iwi. Kaingaroa Timberlands is New Zealand’s largest forestry operation, covering 190,000ha east of Lake Taupo & the Rotorua Lakes.

The deal, settled on 28 February, reduces the NZ Super Fund’s stake in the forest from 41.25% to 38.75%. The other shareholders are both North American – the Public Sector Pension Investment Board (30%), a Canadian Crown corporation investing funds for the pension plans of the Canadian public service, the Canadian Forces, the Royal Canadian Mounted Police & the Reserve Force; and an affiliate of the President & Fellows of Harvard College (28.75%).

Attribution: Joint release.

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Forest Enterprises gears up for harvest growth

Published 22 May 2011

Forest Enterprises Ltd (John Sexton & managing director Steve Wilton, Masterton) said on Friday it would expand its operations in the Wairarapa as it gears up for major growth in its harvesting programme.

Mr Wilton said the company had implemented a new management structure, with recent appointments of key new staff, and was investigating the feasibility of an innovative harvest co-operative to co-ordinate part of its operations.

The company manages 73 investment forests comprising 21,534ha for 6400 investors, and Mr Wilton said it had decided to take harvest operations in-house: “Until last year, Forest Enterprises’ day-to-day harvest management was subcontracted to third parties and the company’s role was to manage the overall process. This meant we were one step removed from the harvesting operation. This will no longer be the case.”

The company has 6 full-time logging crews operating in 7 investor forests and its log volume throughput is likely to exceed 150,000 tonnes this year.

“By potentially forming a harvest co-operative, we can achieve greater critical mass and our investors will gain significant financial benefits as a result.”

Forest Enterprises has appointed Jamie Falloon as general manager of business development to lead the investigation into the harvest co-operative.

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Attribution: Company release, story written by Bob Dey for the Bob Dey Property Report.

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Smith says Taupo forestry scheme demonstrates benefits of emissions trading scheme

Published 5 February 2010

Environment Minister Nick Smith yesterday commended Puketapu 3A Incorporation and Mighty River Power Ltd on their 2400ha Taupo forest proposal to reduce carbon emissions & nitrate run-off.

 

Dr Smith said: "This innovative agreement perfectly illustrates the benefits of the Government’s emissions trading scheme and its support for the Lake Taupo Protection Trust. It also demonstrates the importance of the relationship between the Crown & Maori on afforestation.

 

"The emissions trading scheme provides the financial incentives for landowners to improve the environment by planting trees and reducing nitrate pollution.

 

"The parties in this afforestation project have made it plain it would not be occurring if the Government had not settled the emissions trading scheme last year. This complex scheme encourages those that burn fossil fuels to contribute to forest planting.”

 

Dr Smith said more than 65,000ha of forest had been lost over the last 5 years “due to uncertainty & perverse incentives under the previous government to deforest. A key objective of the emissions trading scheme is to boost forest planting and this deal in Taupo – so soon after the legislation was passed – is a clear sign that is happening.”

 

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Attribution: Ministerial release, story written by Bob Dey for the Bob Dey Property Report.

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Deforestation intentions decline

Published 20 March 2008

Forest owners intend to dramatically reduce deforestation as a result of the proposed emissions trading scheme, Forestry Minister Jim Anderton said this week.

 

Mr Anderton cited intentions shown in the Ministry of Agriculture & Forestry’s latest survey of deforestation.

 

When the survey was done last year, the amount of planned deforestation over the Kyoto Protocol’s first commitment period (2008-12) was expected to be around 50,000ha. That’s dropped to 12,000ha over the same period in this latest survey.

 

Mr Anderton said that meant a reduction in greenhouse gas emissions from around 40 million tonnes to around 10 million tonnes of CO2-equivalent over the Kyoto Protocol period. “That’s a saving in emission liabilities of $760 million for the New Zealand economy, assuming a carbon price of $25/tonne CO2.”

 

The survey also showed that a number of landowners had taken advantage of the transitional period before 2008, when deforestation could be undertaken without liabilities under the Kyoto Protocol. In the 2006 survey, expected deforestation for 2007 was 13,000ha. However, actual deforestation was 19,000ha.

 

Mr Anderton said the Government recognised that placing controls on greenhouse gas emissions from deforestation would affect some forest owners’ land values: “That is why the Government clearly signalled such controls in 2002, providing the industry a 6-year transitional period. The Government is also working with stakeholders on the best way to allocate an additional adjustment package worth some $825 million.”

 

Website: MAF survey

 

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Attribution: Government release, story written by Bob Dey for The Bob Dey Property Report.

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Forest lobbyists see overwhelming support for offset scheme

Published 17 March 2008

Pre-1990-forest lobby group the Flexible Land Use Alliance said today there was now overwhelming parliamentary support for a forestry offset scheme.

 

The National Party said it would pursue an offset scheme through the parliamentary process. Alliance spokesman Ross Green said that meant the measure had a majority on both the finance & expenditure select committee and in Parliament as a whole.

 

Under a forestry offset scheme, landowners would be able to avoid the proposed deforestation liability of up to $65,000/ha either by replanting the exact same land – as allowed under the Government’s current proposals – or by planting an equivalent area elsewhere in New Zealand that is not currently in forestry.

 

Mr Green said the introduction of such a scheme would significantly reduce the amount the Government would otherwise have to meet if it were to provide full compensation for the loss of land value caused by the inclusion of pre-1990 forests in the emissions trading scheme, estimated to be in the vicinity of $4 billion.

 

National’s climate change spokesman, Nick Smith, told the new Carbon News website the alliance had put up a good case for offsetting and that National would pursue it when the select committee & Parliament consider the Climate Change (Emissions Trading & Renewable Preference) Bill.

 

However, Mr Green was disappointed that National would no longer support the exclusion of pre-1990 forestry from the emissions trading scheme.

 

“This is a 180-degree U-turn in National’s policy position. Last year, National campaigned strongly against the then $13,000/ha deforestation tax for pre-1990 forests, now estimated to be up to $65,000/ha, and its Bluegreen vision document was absolutely clear that there should be no deforestation cap on pre-1990 forests.

 

“It seems National was opposed to a $13,000/ha deforestation tax & the inequitable deforestation cap, but that they are comfortable with a deforestation liability of up to $65,000/ha. This is illogical.”

 

The Flexible Land Use Alliance consists of Blakely Pacific Ltd, Carter Holt Harvey Ltd, Fonterra Co-operative Group Ltd, Forest Enterprises Ltd, Landcorp Farming Ltd, the Forest Owners Association, PF Olsen Ltd & Wairakei Pastoral Ltd. It wants an offset scheme as part of a full compensation package for pre-1990 forest owners if it is decided that pre-1990 forests will be included in the emissions trading scheme.

 

Website: Carbon News

 

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Attribution: Alliance release, story written by Bob Dey for The Bob Dey Property Report.

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MAF calls Auckland & Pukekohe meetings on sustainable land management & climate change

Published 27 February 2007


The Ministry of Agriculture & Forestry has added meetings in Auckland & Wellington to its consultation on sustainable land management & climate change because of the response so far.


Ministry spokesman Mike Jebson said today there was considerable interest in the options, in particular for managing deforestation & changes to land use from forestry. Also up for discussion are options to help land managers adapt to climate change, reduce their greenhouse gas emissions & increase forest sinks, make the most of business opportunities from climate change and work together with the Government & local government to manage climate change & its implications.


The 3 extra meetings are in Auckland, Pukekohe & Wellington:

Auckland, Monday 12 March at 6.30-9.30pm, Waipuna Hotel, Mt Wellington
Pukekohe, Tuesday 13 March at 9.45am-1.15pm, Counties Stadium
Wellington, Thursday 15 March at 6-9pm, Duxton Hotel.

Want to comment? Click on The new BD Central Forum or email [email protected].


 

Attribution: MAF release, story written by Bob Dey for this website.

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Second clearance to acquire Carter Holt assets

Published 6 October 2006


The Commerce Commission has cleared CRBF Ltd to acquire the shares &/or assets of a number of Carter Holt Harvey Ltd subsidiaries that hold forestry assets. The clearance is subject to a divestment undertaking.



The Commission gave Hancock Natural Resource Group Inc or a nominee the same clearance a week ago.


Commission chairman Paula Rebstock said the commission was satisfied the proposed acquisition by CRBF would not have, or would not be likely to have, the effect of substantially lessening competition in any of the relevant markets.


The forestry assets include freehold property, non-freehold land interests, standing timber on that land, plant & equipment, business contracts, licences & consents in Northland, Auckland, the central North Island & Nelson.


CRBF is a newly created timber investment fund managed by the US timber investment organisation, Global Forest Partners, which advises 4 investment funds in New Zealand.


Those funds own forestry assets in the central North Island, a 50% share of a joint venture with Carter Holt in the Mangakahia Forest in Northland, and a 49% share of a joint venture with Weyerhaeuser Co in 63,000ha of forest in Nelson.


Website: Clearance document


 


Earlier stories:


29 September 2006: Hancock cleared to buy Carter Holt assets


16 September 2006: Global Forest Partners follows Hancock with application to buy Carter Holt forest assets


19 August 2005: Hart buys control of Carter Holt, plans full takeover


15 July 2005: Hancock’s PruTimber buy puts Fletcher forests back in single management


 


Website: Commerce Commission public register, M&A clearances


 


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Attribution: Commission release, story written by Bob Dey for this website.

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Hancock cleared to buy Carter Holt assets

Published 29 September 2006


The Commerce Commission has cleared Hancock Natural Resource Group Inc or a nominee to acquire the shares &/or assets of a number of Carter Holt Harvey Ltd subsidiaries that hold forestry assets.



Commission chairman Paula Rebstock said the commission was satisfied the proposed acquisition would not have, or would not be likely to have, the effect of substantially lessening competition in any of the relevant markets.


The forestry assets include freehold property, non-freehold land interests, standing timber on that land, plant & equipment, business contracts, licences & consents. The forests & other assets are in Northland, Auckland, the central North Island, Hawke’s Bay & Nelson.


Hancock is a timberland investment management organisation that develops & manages international timberland portfolios on behalf of investment groups. In New Zealand, it manages the production of pruned sawlogs, unpruned sawlogs & pulplogs, mostly in the central North Island.


Another US timber investment fund, CRBF, and its advisor, Global Forest Partners LP, have also sought Commerce Commission clearance to buy the Carter Holt assets.


Earlier stories:


16 September 2006: Global Forest Partners follows Hancock with application to buy Carter Holt forest assets


19 August 2005: Hart buys control of Carter Holt, plans full takeover


15 July 2005: Hancock’s PruTimber buy puts Fletcher forests back in single management


 


Website: Commerce Commission public register, M&A clearances


 


Want to comment? Click on The new BD Central Forum or email [email protected].


 


Attribution: Commission release, story written by Bob Dey for this website.

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Global Forest Partners follows Hancock with application to buy Carter Holt forest assets

Published 5 September 2006


Timber investment fund CRBF and its advisor, Global Forest Partners LP, have sought Commerce Commission clearance to acquire the shares &/or assets of a number of Carter Holt Harvey Ltd subsidiaries that hold forestry assets.



The forestry assets include freehold property, non-freehold land interests, standing timber on that land, plant & equipment, business contracts, licences & consents. The forests & other assets are located in Northland, the central North Island & Nelson/Marlborough.


Global Forest Partners is a US-registered investment advisor of 9 institutional timber investments globally.  In New Zealand, it advises 4 investment funds that, between them, own forestry assets in the central North Island, 50% of a joint venture with Carter Holt on the Mangakahia forest in Northland and 49% of a joint venture with Weyerhaeuser Co on 63,000ha of Nelson forest.


The commission is due to make a decision on this application by 13 September.


Hancock Natural Resource Group Inc sought a similar clearance on 10 August. The commission’s decision on that was due on 24 August but has been extended to 22 September.


Website: Global Forest Partners


 


Earlier stories:


18 August 2006: Hancock seeks clearance to buy Carter Holt forestry assets


18 September 2005: Rank goes unconditional after Grant Samuel recommends against its Carter Holt bid


19 August 2005: Hart buys control of Carter Holt, plans full takeover


 


Want to comment? Click on The new BD Central Forum or email [email protected].


 


Attribution: Commission  release, story written by Bob Dey for this website.

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