The new owner of Wisp Hill Station plans to grow trees for timber on about half of the 5500ha property and is not carbon farming.
Last year, the station was bought by Ingka Investments from Southland brothers Leonard and Graham Ward.
Ingka Group is the largest IKEA retailer and represents about 90 per cent of IKEA retail sales. It has three business areas: IKEA Retail, Ingka Centres and Ingka Investments.
Ingka Investments forestry portfolio manager Andriy Hrytsyuk said while agriculture had been an important part of the New Zealand economy, forestry also had a role to play.
"Our approach to responsibly managed forestry provides jobs and economic growth on the same land while also making a positive impact on the climate, through carbon sequestration and biodiversity.