20 Dec 2012

PKW invests $8 million in new dairy farm

4:39 pm on 20 December 2012

Taranaki maori farming corporation Parininihi ki Waitotara is expanding its operations.

PKW is the largest dairy farmer in the province with 14 dairy farms, and is on track to produce 2.7 million kilograms of milk solids this season.

Chairperson Hinerangi Raumati says the corporation has spent $8 million this year buying a 220 hectare dairy farm in South Taranaki, which was previously leased land.

She says the investment, which includes putting in a 60 bale rotary dairy shed on a Kevlar base, is the most significant dairy investment for PKW in five years.

Ms Raumati says PKW is now managing another three farms that previously had sharemilking arrangements in place.

She says the changes are part of a strategy to actively manage the corporation's land and buy back leases when they become available.

PKW owns about 20,000 hectares of land, most of which is leased.