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MyFarm sees dairy farm investments waning, eyes growth in horticulture

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11.01.2018

MyFarm Investments, New Zealand's largest rural investment syndicator, is moving its focus away from its dairy farming origins and expects future growth to come from smaller overlooked investments such as fruit.

The rural investment firm was set up in 1990, initially investing in dairy farms which it syndicated to investors. It has since diversified into sheep and beef farms, horticulture and mussel farming and has more than $500 million of rural assets under management. About half its assets are dairy farms, with some 30 percent in sheep and beef farms and 20 percent in other investments, and the company expects its dairy investments to shrink as farms are sold when investments mature while the proportion in other areas grows.

"Our firm has been around in the investment space primarily focused on pastoral for 20-odd years and we obviously rode the dairy boom through the mid-2000s and........

© The National Business Review