Would you invest $481 million in growing a product on the assumption that the price and demand for it in China in 28 years will be the same as it is now?

Of course not. But you are. We all are through the Billion Trees programme.

China takes 75 per cent of New Zealand's logs. You could say we have all our logs in one basket. So the question nobody has asked is, will the demand for our trees be there in 28 years and at what price?

Tens of thousands of hectares of farmland has been snapped up by