PHOTO: GEORGE HEARD/STUFF Regional Economic Development Minister Shane Jones is leading the Billion Trees scheme.
Austrian and German aristocrats have snapped up more New Zealand farmland to plant pine forests.
The Overseas Investment Office (OIO) has given consent to European bluebloods Johannes Trauttmansdorff-Weinsberg and the Gemmingen-Hornberg family to buy sheep and beef farms in Wairarapa and Wairoa.
Austrian Trauttmansdorff-Weinsberg has bought the 1000 hectare Bushgrove and Glentarn Station, near Masterton for $4.2 million from Roger Dickie, while the Gemmingen-Hornberg family from Germany has bought a 736ha farm near Wairoa for $6.7m.
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