Another 3000 hectares of Canterbury dairying land has been approved for foreign ownership or control.
Beef and sheep farmers can look forward to a positive year, according to the Rabobank agribusiness outlook for 2015.
Buying a rough block close to the central Canterbury foothills 13 years ago, Roger and Francie Taylor knew a lot of hands-on work would be required to turn it around.
A determined 17-year-old helped to set the prices at this week's Hawarden crossbred sheep sale, as she held her nerve and saw off rival bidders for three pens of romney two-tooths.
Sheep farmers are feeling optimistic enough to spend strongly on young stock, agent Kevin Rowe says.