25 Jan 2005

New Zealand firms invest in Fiji government farm

11:13 am on 25 January 2005

Two New Zealand companies have leased a large Fiji government-owned farm at Navua about 30km west of Suva.

Marphona Farms and Hi-way Stabilizers have taken a 30-year lease on the Viti Corps Farm for a period of 30 years, with a renewal option for a further 20 years.

A Fiji government statement says the New Zealand companies will provide training in all aspects of dairy and business management, financial planning for farms and train artificial insemination technicians.

The Rabuka government bought the Viti Corps farm from businessmen Lyle Cupit in the 1990s for US$3.5 million.

But it has made losses every year since then.