Press Release – Bayleys One of the most picturesque livestock farms in the South Island with landscape for hosting a plethora of recreational activities and stunning views in conjunction with a sheep and beef grazing operation has been placed on the market for sale. … One of the most picturesque livestock farms in the South Island – with landscape for hosting a plethora of recreational activities and stunning views in conjunction with a sheep and beef grazing operation – has been placed on the market for sale. The Larches – located at the entrance to the Cardrona Valley some seven kilometres south-west of Wanaka in Central Otago – is a 976-hectare farm spread over a mix of irrigated Cardrona River flats, along with lower north/north-west facing terraces and rocky outcrop hills climbing up to the skyline of the Pisa Range.