50 | Wairarapa Forestry Services FORESTRY Real asset Blairlogie Pine is an 888-hectare forest in the Wairarapa. Over 80% of the land is earning carbon credits under the Emissions Trading Scheme. You own the land, the trees and the carbon credits through a limited partnership. Real returns An initial minimum investment of approximately $15,000 grows to $115,000 over a 30 year period. Annual income distributions from carbon credit sales begin from 2034. Real environmental value As a second rotation forest, Blairlogie Pine provides higher growth rates, improved soil condition, biodiversity and existing infrastructure reducing environmental disturbance. Real experience You can have confidence that your Blairlogie Pine investment is under the stewardship of high integrity managers, with over 50 years experience. Forest Enterprises Creating Wealth Naturally for investors. Blairlogie Pine: A Sustainable Forestry Investment Projected IRR of 9.8% www.forestenterprises.co.nz | +64 6 370 6360 | 0800 746 346 The issuer is Forest Enterprises Limited and the offeror is Forest Enterprises Growth Limited. An offer of shares is made in the Product Disclosure Statement dated 20 September 2024 available at www.forestenterprises.co.nz/investment-opportunities/ www.joestyres.co.nz JOE’S TYRES 06 3777451 17 Villa St, Masterton PROUD TO SUPPORT WAIRARAPA FORESTRY SERVICES We offer quality Tyres, tyre repair and servicing for all vehicles including: • Tractor • Implement • Trucks • Trailers + Loaders VERY COMPETITIVE PRICES!! PROUD TO KEEP WAIRARAPA ROLLING - 24/7 Unsung heroes a mainstay of forestry Wairarapa Forestry’s principal client is Forest Growth (formerly Forest Enterprises), who have provided a steady run of work. T T Hugh de Lacy The work of thinning, pruning and planting is a year-round activity in the country’s pine forests, and William Presow of Wairarapa Forestry has made it his life’s work. William was never tempted to get into the big machinery fields of track building, harvesting and log-trucking, instead preferring to keep his feet on the ground and making a career out of the silvicultural side of the industry. “The labour-intensive work we do in the forests is my calling – I’ve been doing it for years and never considered moving up the supply train to felling machines and trucks, Masterton-based William says. “We don’t get the accolades like the trucking and harvesting companies with their shiny big machines – we’re at the coal face, doing the forestry work that no one really gets to see, but is just as important to the wider industry as the felling of trees and getting them to the mill or port. “With a staff of 15, we usually work in three crews, and the only time we work together is during the two or three months of the year when we’re planting – otherwise the crews are split between pruning and thinning. “One crew will be pruning full-time and the other two thinning, so we’ve got work yearround.” Wairarapa Forestry’s principal client is Forest Growth (formerly Forest Enterprises), who have provided a steady run of work, even as the wider industry goes through its ups and downs. “I’m 51 now and I’ve been doing it since my 20s, and I’ve got a great workforce that’s mostly comprised of immigrants, because New Zealanders are reluctant to take on the heavy work we do,” William says. “We’re an accredited employer with Immigration New Zealand – something we initially had to jump through a lot of hoops for, convincing the department we really couldn’t attract staff from within New Zealand.” The initial application to Immigration NZ involved screeds of paperwork, but William says that was understandable, and not long after he completed it and was accepted into the process, the department upgraded its systems. “They’ve really streamlined the process over the last couple of years and it’s become much more efficient.” Originally from Northland, William started out in forestry as a sole contract labourer for established companies before heading off to Thailand to spend a few years teaching scuba diving. He returned to New Zealand in 2004 with his Thai partner, Khamtaem, moved to Masterton and immediately started hiring staff for a five-man crew working for any forest owner needing pruners, thinners and planters. There was no shortage of demand, especially after the carbon market was established, and these days global warming is driving the planting of vast acres of new forests round the country, leaving farmers complaining that it’s taking up too much pastoral land. Still hanging over the industry right up the East Coast of the North Island is the slash damage caused by Cyclone Gabrielle in 2023, and Wairarapa Forestry has found further work in cleaning up that mess.
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