QE2 covenants pay dividends

By 2017 may

A study by the University of Waikato Institute for Business Research has found that QEII National Trust covenanting landowners are together spending an estimated $25 million of their own money every year to protect native species, forests, wetlands, and other special areas in their QEII covenants.

These landowners, the majority of which are farmers, have made an overall financial commitment of around $1.1 to $1.3 billion to protect these special areas of private and leased land since the QEII National Trust was set up forty years ago.

Waterway protection (20%), restoration planting (19%), wetland restoration (18%), weed control (15%), pest control (7%) and fence maintenance (7%) are the major contributors to total maintenance costs for QEII covenants.

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