Short-term pain, long-term gain for NZ Rural Land Co
Borrowing costs are rising but inflation-linked leases will kick in down the track.
NZ Rural Land Co chair Rob Campbell.
Listed dairy farm investor NZ Rural Land Company has updated its financial forecasts, saying higher inflation and interest rates will hit short-term earnings but boost its land values and longer term lease income.
NZ Rural Land owns 10,812ha of dairy farms in Otago, Southland and Canterbury, and
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