New Zealand’s pipfruit industry is well on track to exceed its target of becoming a billion-dollar exporter by 2022. Like kiwifruit, the industry has made significant investment in breeding and licencing control of new varieties, as well as growing technologies. The benefits are plain to see, particularly for apple growers in our largest pipfruit region, Hawke’s Bay, where MPI data shows an average 18% cash return between 2013 and 2016.
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MyFarm looks to buy established orchards for lease to post-harvest operators, was well as development from other land uses, or from old varieties and planting regimes.
We target minimum lease-based rental returns of 7-8% p.a. (net).