Optimisation plan proves size matters

Parininihi ki Waitotara’s Te Kāhu farm is about to increase its whenua footprint, in order to optimise operations which will aid delivery of returns to shareholders.

Six years ago PKW purchased the 76-hectare farm in Ohāngai, near Hāwera, with the view of eventually acquiring the neighbouring corpus whenua that surrounded it. And that is exactly what happened this year.

“The latest purchase is the fulfilment of our long-term plan to expand our footprint and reclaim ancestral land,” says Shane Miles, PKW General Manager Ahuwhenua.

The additional 100-hectare property has 300 cows and will be purchased from Janine and Barney Wright, who have many years of farming experience.

“It has been a privilege to work with Janine and Barney throughout this process,” says Shane.

“This all started simply by us picking up the phone and having a conversation with them.”

“We are really looking forward to the Wrights continuing to work the farm on behalf of PKW, with the help of two additional kaimahi.”

The farm has good infrastructure and a dairy shed, which will help provide a total capacity for a 500-head calving unit.

“We are expecting good financial returns and outcomes for PKW’s shareholders from this latest addition,” says Shane. “And it’s great to know that this whenua is being regained after many years.”

PKW is currently working on the amalgamation plan for the two properties which will be put into action on June 1 when the transaction has been formally completed.