Landcorp Farming Limited ("Landcorp") is a state-owned enterprise

State-Owned Enterprises of New Zealand

State-owned enterprises in New Zealand are registered companies listed under Schedules 1 and 2 of the State-Owned Enterprises Act 1986...

of the New Zealand government. Its core business is pastoral farming including dairy, sheep, beef and deer. Landcorp operates 104 farming units totalling 369,861 hectares.

History

Landcorp was incorporated as a State-owned Enterprise on 1 April 1987 to assume the commercial farming and property activities of the former Department of Lands and Survey. It operates under the State Owned Enterprises Act 1986.

Services

Landcorp has four main subsidiary companies:

• Landcorp Developments Limited develops former forestry land in the Central North Island for pastoral farming.
• Landcorp Pastoral Limited leases that former forestry land for dairy, sheep and beef farming.
• Landcorp Estates Limited works with joint venture partners to develop and sell land suitable for uses of higher value than farming.
• Landcorp Holdings Limited holds selected properties under an agreement with the Crown, with these properties deemed “sensitive” in relation to public policy issues. The properties cannot be sold by Landcorp and continue to be farmed until required by the Crown.

In addition, Landcorp supplies farm management and related services to other commercial farmers and rural investors.