Carter Holt's struggle to sell $224.5m of dairy farm land

Forester Carter Holt Harvey has been trying to sell 29 dairy farms since 2008, and hopes to reinvigorate interest in the properties with a new marketing push.In an effort to divest its assets, Carter Holt Harvey is hoping to raise $224.5 million from the sale of 29 dairy farms near Tokoroa that it has converted from forest land.Originally the total 29,993ha of land was marketed to corporate entities but tough market conditions and a lack of buyer interest has driven the company to look at alternative sale options.

Want to read more?

Choose a Subscription type that's right for you HERE
Already have an account? Login