Buyers hunting for right farm
It could be that buyers are hunting out the right farm to purchase as farm sales drop for the three months ended December 2023. That’s according to the Real Estate Institute of New Zealand (REINZ).
Farm sales are easing says the Real Estate Institute of NZ (REINZ).
There were 10 fewer farm sales (-2.9%) in the three months ended September 2015 than in the three months ended September 2014.
Overall, there were 337 farm sales in the three months ended September 2015, vs 387 in the three months ended August 2015 (-12.9%) and 347 in the three months ended September 2014.
1726 farms were sold in the year to September 2015, 10.1% fewer than in the year to September 2014.
Six regions recorded increases in sales volume in the three months ended September 2015 vs the three months ended September 2014.
Auckland recorded the largest increase in sales (+19 sales), followed by Hawkes Bay (+10 sales) and Wellington (+9 sales). Compared to the three months ended August 2015, three regions recorded an increase in sales.
"Spring sunshine, warmer temperatures, good prospects for beef and lamb and the slow turnaround in the dairy industry are combining to lift morale in the rural sector," says REINZ rural spokesman Brian Peacocke.
"The latest payout figure from Fonterra and the lift in the Global Dairy Trade auction prices have stimulated a collective sigh of relief among dairy farmers.
Analysis by Dunedin-based Techion New Zealand shows the cost of undetected drench resistance in sheep has exploded to an estimated $98 million a year.
Shipping disruption caused by Houthi rebels in the Red Sea has so far not impacted fertiliser prices or supply on farm.
The opportunity to spend more time on farm while providing a dedicated service for shareholders attracted new environmental manager Ben Howden to work for Waimakariri Irrigation Limited (WIL).
Federated Farmers claims that the Otago Regional Council is charging ahead unnecessarily with piling more regulation on rural communities.
Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand for their products.
OPINION: We have good friends from way back who had lived in one of our major cities for many years.