increase font size
THE REAL Estate Institute of New Zealand's dairy farm price index is up 34.4% year on year, figures released for the three months ending October show.
Median price per hectare was $43,299 across 23 dairy properties sold compared to $32,701 and 37 properties for the three months ended October 2013. Median area this year was 97ha and production 1,062kgMS/ha.
Compared to the three months ending September, when the median was $40,462 across 20 properties, October's index was up 7.3%. The index adjusts for differences in farm size and location, whereas median prices do not.
"Sales figures for the three month period ending October reflect an awakening market, with a strong build-up moving into spring", says REINZ rural spokesman Brian Peacocke.
"A large number of properties throughout the North Island have been marketed during October, but with unconditional dates after the end of the month the results will not be known until the November data is available," he says.
"Feedback from around the country indicates strong buyer enquiry, careful due diligence being undertaken by purchases and a market fully firm on last season."
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.
Recently released data from the Real Estate Institute of New Zealand (REINZ) shows there were 224 fewer farm sales (-48.6%) for the three months ended April 2023, compared to the same period last year.
Data released by the Real Estate Institute of New Zealand (REINZ) shows a 56.4% rise in the number of farm sales for the three month-period ending November 2020.
A floating and volatile situation – that’s how the Real Estate Institute of NZ rural spokesperson Brian Peacocke describes the current value of dairy farms around the country.
Lydia Goodman has been crowned the Central Otago 2025 Young Grower of the Year regional winner.
Federated Farmers is calling on the Government to deliver on its pre-election promise to change the KiwiSaver rules to help young farmers get their foot on the farming ladder.
A breakthrough in the understanding of Facial Eczema (FE) in livestock could bring New Zealand closer to reducing the disease’s impact.
The Meat Industry Association (MIA) have announced the dates for the 2025 Red Meat Sector Conference.
A Massey University researcher and veterinarian says it may be possible to reduce the percentage of ewes culled or that die each year on some New Zealand farms.
As Budget 2025 looms, farmer lobby Federated Farmers is urging the Government to focus on cutting waste and balancing the books.
OPINION: Last week's announcement of Prime Minister’s new Science and Technology Advisory Council hasn’t gone down too well in the…
OPINION: At its recent annual general meeting, Federated Farmers’ Auckland province called for New Zealand to withdraw from the Paris…
