Crown land sold at bargain basement prices a lost opportunity for the NZ public

Unless the Government reviews its processes for valuing high country pastoral lease land, it will continue to give away millions of dollars to private interests that should be going to the New Zealand public, the Green Party said today.

This follows analysis from Lincoln University researchers showing that farmers are making huge profits from on-selling Crown land that is sold to them under the tenure review process - land that they had previously leased from the Crown.

Green Party conservation and land information spokesperson Eugenie Sage said there should be a moratorium on allowing any more pastoral lease land into private ownership until Land Information New Zealand (LINZ) reviews the way it values the land.

“Scenic views and landscape values are not adequately factored into LINZ’s valuations. They rely on the land’s agricultural value for grazing.

“This means farmers who buy land that they have previously leased as farms can flog it off and make big capital gains on it by subdividing.

“Research shows the Crown sold land for $11 million between 1992 and 2015 that was then on-sold for $303 million.

“The New Zealand public has lost out on this huge capital gain. Think of what the Government could have done with that money instead of allowing these high country lands to be privatised at bargain basement prices. New Zealanders are not getting value for money out of this process,” said Ms Sage.

ENDS

 

Latest Environment Announcements

Story

Greens commit to ensuring strong oceans protection this term

The Green Party will work with Labour this term to ensure better protections for our oceans, Green MP Eugenie Sage said today.
Read More

Story

Successful prosecution of Talley’s deep-water fishing division shows need for more marine protected areas and better enforcement

Today’s ruling that Talley’s deep-water fishing division, Amaltal, is guilty of bottom trawling in the Hikurangi Marine Reserve demonstrates the ne...
Read More

Story

Green Party commits to stronger urban tree protection and no new mines on public conservation land

The Green Party is the only party in Parliament which is explicitly committing to protecting public conservation land and the indigenous plants and...
Read More

Story

Greens must be at table during RMA reform to protect environment

The Green Party welcomes Labour’s commitment to reform the Resource Management Act, but says a Green voice is crucial to ensure the environment is ...
Read More

Petition

Take action to protect our oceans

We’re taking the health of our oceans seriously and our Thriving Oceans Plan sets out exactly how the Green Party will protect them so we all can e...
TAKE ACTION

Thriving Oceans

Oceans are the lifeblood of our planet and home to thousands of taonga species, providing us with nourishing food to feed our families, supporting...
Read More