increase font size
THE MEDIAN FARM price per hectare rose 10% from March to April to $24,574, says the Real Estate Institute of New Zealand.
The number of farm sales, with the total of 498, was up 5.5% for the three months ending April 2014, compared to the same total last year.
Compared to April 2013 the REINZ All Farm Price Index rose by 14.7%. The REINZ All Farm Price Index adjusts for differences in farm size, location and farming type compared to the median price per hectare, which does not adjust for these factors.
Eight regions recorded increases in sales volume for the three months ended April 2014 compared to the same period last year. Bay of Plenty recorded the largest increase in sales (+25 sales), followed by Otago and Northland with nine sales each, and Nelson with eight sales. Compared to the three months ended March 2014, six regions recorded an increase in sales.
REINZ rural spokesman Brian Peacocke says morale has rebounded following drought breaking rainfall in the northern regions. "Conversely, the surplus of rain that has been great for the pastoral sector in the South Island has impacted heavily on some in the arable sector."
Noteworthy points include: -
• A steady market for dairy and grazing properties in Northland
• A shortage of listings for good dairy and dairy support properties throughout the wider Waikato region
• A strong upturn in prices in the Bay of Plenty for good quality, well situated kiwifruit orchards with local buyers to the fore
• Following a healthy period of activity, a distinct winding down of the market in Taranaki as the season draws to a close
• Steady sales volumes for dairy and grazing properties in Manawatu but a quieter market in the south eastern North Island
• Depleted stocks are tied to the seasonal slowdown in Canterbury – still good enquiry for quality dairy farms albeit buyer resistance to higher prices has become evident
• Continuing strong enquiry but a shortage of properties available in Otago
• A busy market across all fronts in Southland with additional interest stimulated by the release of a number of Solid Energy properties within the province
• Grazing properties accounted for the largest number of sales with 37.1% share of all sales over the three months to April, Finishing properties accounted for 21.5%, Dairy properties accounted for 21.1% and horticulture properties accounted for 9.6% of all sales. These four property types accounted for 89.4% of all sales during the three months ended April 2014.
Beef + Lamb New Zealand (B+LNZ) says the Government needs to close loopholes in the guidance around limits on carbon forestry as news of further whole-farm sales emerges.
Buoyed by strong forecasts for milk prices and a renewed demand for dairy assets, the South Island rural real estate market has begun the year with positive momentum, according to Colliers.
Farm sales are on the rise. According to recent data from the Real Estate Institute of New Zealand (REINZ), there was an 18.9% increase in farm sales for the three months ending August 2024 compared to the same period in 2023.
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).
Recently released data from the Real Estate Institute of New Zealand (REINZ) shows there were 77 fewer farm sales for the three months ended November 2023 than for the three months ended November 2022.
Healthcare appears to be the big winner in this year's budget as agriculture and environment miss out.
OPINION: Foreign policy is a real strength of Winston Peter and this is recognised by Ministry for Foreign Affairs and Trade (MFAT) officials who, so the story goes, wanted him in his present role because of his experience in that field.
DairyNZ subsidiary New Zealand Animal Evaluation (NZAEL) will update the genetic base used to calculate Breeding Worth (BW) next month.
Ruralco has donated $10,000 to the Mid Canterbury Rural Support Trust following a recent fundraising golf tournament.
Nominations are open for three positions on the Horticulture New Zealand (HortNZ) board.
Lydia Goodman has been crowned the Central Otago 2025 Young Grower of the Year regional winner.
