We Invest in
New Zealand Rural Land.

Partnering only with quality tenants, New Zealand Rural Land Company Limited (NZL) owns some of the best agricultural land in the world. Being NZX-listed offers investors an unparalleled opportunity to access this asset class.

Benefiting from Global Trends

The world’s population is growing rapidly while productive land is becoming scarcer. Reaching 9.7 billion by 2050, the global population is becoming more affluent with tastes shifting towards the type of foodstuffs New Zealand specialises in producing. As sustainability becomes an increasing concern, New Zealand’s temperate climate and low-input farming is best-positioned to provide global consumers with the premium, low-carbon food they hunger for.

World-Leader in Sustainability

New Zealand has the world’s lowest carbon emissions for protein production. For NZL and its tenants, sustainable practices are a contractual obligation enshrined in our industry-leading Sustainability Programme. We have a stringent selection process for our tenant partners, ensuring ongoing environmentally-sustainable performance. NZL’s directors and management have a track record of establishing and implementing sustainability initiatives across a number of New Zealand businesses.

World-Leading Investment

Investment in NZL centres on New Zealand’s global advantage in agriculture and NZL’s advantaged structure:

Global decline in available, agricultural land

Rapidly growing global population and food consumption (available land per head declining)

World-leading carbon efficiency of NZ agriculture

No direct exposure to farming risk

Investment structure is uniquely open to overseas investors

Low risk asset and strength of land ownership

Proven, attractive long-term risk-adjusted returns from the sector

Strong and experienced governance

Lower Risk

Compared to direct ownership of farming operations:
NZL owns only the land. A land-ownership-only model removes exposure to the many risks faced by farmers, including on-farm operational risks, animal health risks and the volatility of commodity prices. Investors also have no direct exposure to farmer co-ops, limited exposure to environmental risks and greater liquidity (via the NZX) than syndicates or direct investment.

Compared to urban property:
NZL provides investors with lower risk of obsolescence, fewer depreciating assets and a lower cost of transition to alternative uses if required.

Structural Advantage

Investment in NZL stands to benefit from a number of structural advantages. A key underlying strength is that it leverages New Zealand’s agricultural edge without exposure to the operational risks of farming. Building on this are the unique characteristics of NZL’s business model. A New Zealand base makes for executional efficiency, with no overseas investment issues to navigate for investors. The company’s profile and expertise attracts quality tenants and, in turn, strengthens its transactional hand. Add to this well-developed due diligence and assessment processes and the combination is hard to beat: a virtuous circle delivering strong, sustainable returns.

Strong Returns

NZL offers predictable and attractive returns. Returns are generated in two ways: cash income from long-term leases to high-quality tenants, and the increase in value of New Zealand’s structurally-advantaged, scarce, food-producing land.

Over almost thirty years, New Zealand farm values have risen at a +6.6%* compound annual growth rate. This is before receiving operating or lease cash returns.

We believe the combination of NZL’s lower risk model and attractive returns leads to superior risk-adjusted returns compared to legacy rural investment vehicles, as well as other listed companies.

*Source: REINZ data since 1996

For more information on NZL please see our introductory presentation here.

We Invest in New Zealand Rural Land.