increase font size
The median price for dairy farms per hectare has risen 50% over the past 12 months, says REINZ.
The median price for dairy farms per hectare has risen 50% over the past 12 months, says the Real Estate Institute of New Zealand (REINZ).
For the three months ended August 2016 the median sales price per hectare for dairy farms was $40,469 (14 properties), compared to $35,614 for the three months ended July 2016 (32 properties), and $26,906 (21 properties) for the three months ended August 2015.
The median price per hectare for dairy farms has risen 50.4% over the past 12 months. The median dairy farm size for the three months ended August 2016 was 100 hectares.
On a price per kilo of milk solids basis, the median sales price was $45.51 per kg of milk solids for the three months ended August 2016, compared to $33.62 per kg of milk solids for the three months ended July 2016 (+6.6%), and $37.50 per kg of milk solids for the three months ended August 2015 (+13.6%).
The REINZ Dairy Farm Price Index rose 6.6% in the three months to August 2016 compared to the three months to July. Compared to August 2015, the REINZ Dairy Farm Price Index rose 6.0%. The REINZ Dairy Farm Price Index adjusts for differences in farm size and location compared to the median price per hectare, which does not adjust for these factors. Care needs to be taken during the winter months as the low level of sales (14 for the three months to August) can distort the Index figures.
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.
Recently released data from the Real Estate Institute of New Zealand (REINZ) shows that while the number of farm sales is low, the market remains strong.
Phoebe Scherer, a technical manager from the Bay of Plenty, has won the 2025 Young Grower of the Year national title.
The Fencing Contractors Association of New Zealand (FCANZ) celebrated the best of the best at the 2025 Fencing Industry Awards, providing the opportunity to honour both rising talent and industry stalwarts.
Award-winning boutique cheese company, Cranky Goat Ltd has gone into voluntary liquidation.
As an independent review of the National Pest Management Plan for TB finds the goal of complete eradication by 2055 is still valide, feedback is being sought on how to finish the job.
Beef + Lamb New Zealand has launched an AI-powered digital assistant to help farmers using the B+LNZ Knowledge Hub to create tailored answers and resources for their farming businesses.
A tiny organism from the arid mountains of mainland Greece is facilitating a new way of growing healthier animals on farms across New Zealand.
OPINION: Westland Milk may have won the contract to supply butter to Costco NZ but Open Country Dairy is having…
OPINION: The Gene Technology Bill has divided the farming community with strong arguments on both the pros and cons of…
