New Zealand Rural Land Company Limited (NZSE:NZL) entered into a conditional agreement to acquire Dairy Farm in Southland for NZD 10.3 million on March 15, 2021. The sole outstanding condition for the acquisition is the completion of a successful ‘Drop Test’ to ensure the integrity of the effluent pond on the property. This condition is to be confirmed on or before March 26, 2021. The settlement is on June 1, 2021. Rabobank drawdown $9.2 million for the acquisition of Dairy Farm in Southland.