Federated Farmers believes new requirements announced for overseas investors buying New Zealand farmland for forestry are encouraging but are only step one of a suite of changes required. Feds Meat and Wool Chair William Beetham says while glad the government is listening and taking action more must be done. Federated Farmers supports a ‘right tree, right place’ philosophy and agrees there is an important role for production forestry, but he says the Feds oppose interventionist government policies – and in particular ETS settings – which led to an unfair playing field. And Beef +:Lamb NZ CEO Sam McIvor echoes the need for the government to do more. He says sales of farmland to forestry amounted to just 20%. Meanwhile The Forest Owners Association President Phil Taylor says he hopes that this will not kill off interest in New Zealand by overseas investors. He says since the special forestry test was introduced in 2018 the OIO has approved a total of 23,402 hectares of pasture for forest conversion, which is an average of 600 hectares a month. Phil Taylor says that is a very modest rate in the context of a total hill country estate of 8.5 million hectares. The Climate Change Commission says we need to grow the area by another 380,000 hectares for New Zealand to meet greenhouse gas emission goals.