Rural

Rural Trusts – Gifford Devine

Are trusts still fit for purpose?

Still fit for purpose for farm ownership and succession?

Trusts have long been the preferred vehicle for farm ownership. Historically, holding a property through a trust meant that ownership did not change on the death of the farmer and, therefore, any death duties could be avoided during the generational change.

Gifford Devine Rural News

Rural leases

Leasing of farms, orchards and cropping land is becoming more common. It is a good way for farming operations to expand without capital commitments involved in buying land. For landowners, it can be a useful way to retain ownership of the capital but give away the day-to-day farming operations, either through a desire to semi-retire or to hold the farming asset for a period while family or continued ownership issues are resolved.

Over the fence Jan 2021

Over the Fence

Crown Pastoral Land Reform Bill submissions open, the Synlait settles Pōkeno land dispute settlement reached and a reminder that the Trusts Act 2019 comes into effect on 30 January 2021

Finite supply of water

The Finite Supply of Water

To take and use water for irrigation an easement to get water from its source and a resource consent to use that water are both required. Problems may arise though, if users of the same source apply for new or renewed water consents. You may find yourself competing with a neighbour who has an easement right relating to the same finite source of water, even if it’s on your land. 

Investment in farming – Rural Law

Investment in Farming

Commercial property syndicates are becoming popular again due to the returns they are able to provide to investors in the face of low interest rates. While this type of investment has always been popular, we are seeing a shift from dairy and forestry into kiwifruit, apple, cherry and other horticultural sectors.

rural law

National Environmental Standards for Freshwater 2020

Water was the hot topic in the 2017 election campaign. This year, with an election coming up shortly, there seems to have been little talk of water (or much policy at all, so far) with COVID still taking up most of the news space, closely followed by scandals of various sorts.

Gifford Devine Rural Law

Rural leases

In the Autumn edition of Rural eSpeaking we discussed the situation that COVID had caused with leases where tenants were unable to access their premises due to lockdown restrictions. Potential issues for the rural leasing sector arose from this problem, particularly given that rural leases are often in a different form to urban commercial property leases.

hunting

Over the Fence

Tougher firearms legislation, temporary work visas and how to get ahead of the latest on environmental legislation.

milking

Over the Fence Autumn 2020

Fixed-term employment agreements are a useful tool when, as an employer, you do not require a permanent employee but need an employee for a stated period of time, or until the conclusion of a specific project, or for a specified event.

hay

Rural leases

The COVID-19 virus that is sweeping the world will impact upon us all and pretty much everybody in the world one way or another. The repercussions will differ depending on where you live, what age you are and what you do, but it will be there nonetheless.