fbpx
Print this page
Thursday, 15 August 2013 10:22

Farm sales up by 23%

Written by 

Farms sales were up by 23% in the three months to the end of July 2013, compared to the same three months last year.

 

A total of 1536 farms were sold in the year to July 2013, 6.7% more than were sold in the year to July 2012, says the Real Estate Institute of New Zealand (REINZ).

The median price per hectare for all farms sold in the three months to July 2013 was $20,667; a 15.1% increase on the $17,955 recorded for three months ended July 2012. The median price per hectare rose 4.8% compared to the June quarter.

Compared to the July 2012 quarter, the REINZ All Farm Price Index rose by 4.6%. 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.

Nine regions recorded increases in sales volume for the three months ended July 2013 compared to the three months ended July 2012. Waikato recorded the largest increase in sales (+25 sales), followed by Auckland (+23 sales) and Bay of Plenty (+13 sales). Four regions recorded decreases in sales volume with Wellington recording the largest fall (-7 sales), followed by Manawatu/Wanganui and West Coast (-2 sales) and Gisborne (-1 sale). Compared to the three months ended June 2013 six regions recorded an increase in sales, lead by Bay of Plenty (+10 sales).

"Ideal late winter and early spring conditions, combined with solid payout predictions for primary produce have raised levels of confidence in the rural sector," says REINZ rural spokesperson Brian Peacocke, "Demand for quality farms is strong across the entire country and in most regions, early signs indicate a shortage of supply for the spring selling season.

"Calving activity reduced sales of dairy farms in July, but sales of finishing and grazing properties have remained at healthy levels in the top half of the North Island as well as in Canterbury, Otago and Southland regions. Sales for other farm types have remained light.

"Activity has remained strong in Southland for all farm types, with particular demand for properties with soils that are capable of sustainable wintering. There is strong interest in grazing properties, particularly dairy and dairy support properties in Otago. The proposed irrigation schemes in Canterbury and Hawkes Bay are also generating interest in those regions."

Grazing properties accounted for the largest number of sales with 44.1% share of all sales over the three months to July, dairy properties accounted for 10.7%, finishing properties accounted for 24.9% and horticulture properties accounted for 8.9% of all sales. These four property types accounted for 88.6% of all sales during the three months ended July 2013.

More like this

Farm sales start to look up

Farm sales were down 21.6% for the three months ended December 2019 versus the year prior ­— but sales look to be lifting.

Weather impacts farm sales

Farm sales dropped slightly, according to data released today by the Real Estate Institute of New Zealand.

A promising start to summer

Summer has seen a good start to farm sales, according to the latest data from the Real Estate Institute of New Zealand (REINZ)

Featured

Look out for rural communities - RWNZ

Rural Women NZ is calling for a commitment to improving the health and well-being of rural families and enhancing rural communities’ reliance from all candidates at this year’s general election.

 

Prices expected to wax and wane

Expect more of the same as dairy prices on Global Dairy Trade (GDT) broke a two-month drought and posted an increase last week.

Beef+Lamb pushing for changes

Farmer-good organisation Beef+Lamb NZ (BLNZ) says it will continue to advocate for changes to the new fresh water regulations.

National

Helping grow farming’s future

John Jackson’s ability for future and critical thinking saw him deeply involved in the development of an agribusiness programme that…

Nothing sustainable without profit

Chair of Dairy Environment Leaders programme Melissa Slattery believes that sustainable farming is highly important to young farmers.

Machinery & Products

JD updates header line-up

John Deere has updated its entire header line-up for combines to include the new HDR Rigid Cutterbar Drapers, RDF HydraFlex…

Hybrid harvesters launched

New Holland has entered the world of hybrid headers, launching a new machine that blends its conventional threshing drum and…