PHOTO: KATY JONES/STUFF Real Estate Institute figures show that North Island forestry land doubled in price in the last year.
Farmers say a doubling of North Island forest land prices in the last year shows forestry investors speculating on the carbon price are outbidding farmers for land.
This has renewed calls from farmers for the Government to hit the pause button on policies which have led to thousands of hectares of hill country farmland being converted to blanket forestry in the last year.
Real Estate Institute figures show that for the year to April, North Island forestry land rose from a median of $6656 a hectare to $13,128/ha.
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