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Forestry Joint Ventures

The council has four joint venture forestry developments. In the agreements, the landowner provides land and property related inputs, the council provides management and tending programmes for the crop and both parties share the returns from the forest harvest on an agreed ratio of respective inputs (revenues will not flow until 2014 at the earliest).

The joint ventures are:

Tarata Ngatimaru Pukehou joint venture (60 per cent) 6.8ha
Oakura Farms Limited joint venture (60 per cent) 37.7ha
McKay Family joint venture (56.5 per cent) 83.5ha
Duthie joint venture (54.82 per cent) 22.7ha