The Civil Aviation Authority would continue to work with the pilot and aerodrome operator over the next few days.
The aerodrome would be closed so investigations and inspections could be completed.
A South Waikato District Council spokesperson said the airfield was closed until further notice.
Council staff were liaising with police.
A Notice to Airmen (NOTAM) was in place and "white crosses had been placed on the airfield as an additional safety measure", the spokesperson said.
A NOTAM can be issued about any change to airspace, aerodromes or hazards that require immediate notification, according to Civil Aviation Authority documentation.
Rachel Meerkerk, who works at nearby Blue Pacific Minerals, said she had heard "a lot of sirens" in the area.
Tokoroa Airfield is owned by the South Waikato District Council and is located at Amisfield, just south of Tokoroa township.
According to the council's website, the airfield comprises a grass runway 1120m long by 60m wide, including a sealed landing strip 850m long by 18m wide.
Aircraft up to 5700kg are permitted to use the runway. The civil aviation status is "non-certified" and "unattended".