Craigmore launched into forestry in 2010, focusing on the afforestration of marginal farmland.

Since then, forestry has become an increasingly significant part of the Craigmore business with 23 properties under management.

Our strategy is to build a mixed portfolio of existing forests and those suitable for planting. We plant new forests where this is the most appropriate land use – usually less productive grazing land including properties that are steep, have poor soil fertility or erosion issues.

Newly planted forests provide a dual revenue stream, firstly from the sale of carbon credits and then from the sale of timber at harvest.

All numbers correct as at 30 June 2024.

Total assets (NZD) $338m
Total hectares 23,450ha

(including leased land)

11,446ha

Total area of commercial forestry

2,347ha

New plantings in 2023/24

2.41m

Number of trees planted in 2023/24

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