22 Apr 2010

Crafar farms about to be advertised for sale

8:39 am on 22 April 2010

Receivers for the Crafar family dairy farms says the farms will be advertised for sale within the next week.

The family's holdings in the central North Island went into receivership in October, owing more than $200 million.

The Crafars have refused to leave their farm at Reporoa, despite a relocation offer which expired almost two weeks ago and a trespass order.

The receivers say they have allowed the Crafars to remain on the farms for some time, but the company now needs to ready the farms for sale and eviction action is underway.

Michael Stiassny told Morning Report their dealings with the Crafar family has been a nightmare.

He says receivers have had to deal with environmental problems as well as stock which have gone missing.

Mr Stiassny says a new management structure is now in place and an offer for the Crafar family to move to another property, is still open to them.