increase font size
While the March 2022 data reflects an easing of farm sales, total sales are still well ahead of the March 2020 numbers.
Recent data released by the Real Estate Institute of New Zealand (REINZ) showed a drop in farm sales for the three months ended March 2022 compared to the same period last year.
There were 395 farm sales in the three months to March 2022, down 10.6% on the three months ended March 2021.
In the year to March 2022, 69 more farms were sold compared to the year to March 2021, with 37.3% more dairy farms sold and 24.4% fewer dairy support farms sold.
On a price per kgMS basis the median sales price was $35.27/kgMS for the three months ended March 2022, compared to $32.63/kgMS for the three months ended February 2022.
The median price per hectare for all farms sold in the three months to March 2022 was $29,795 compared to $25,915 recorded for three months ended March 2021, up 15%.
REINZ rural spokesman Brian Peacocke says that while the March 2022 data reflects an easing, total farm sales are still well ahead of the March 2020 numbers.
“Climatic conditions around the country dominate discussions with variable rainfall in Northland, very dry in the Waikato, wet and cold in Hawke’s Bay, unseasonably damp in Canterbury, and drought conditions in lower Otago and Southland,” Peacocke says.
“Production has suffered or responded accordingly which is a frustration for those impacted negatively given the indications of a record price for the dairy payout, strong prices for beef and lamb, and extremely bright prospects for income in the horticulture sector.”
One thing to watch out for, Peacocke says, is the cautioning rises in the Official Cash Rate, the consequential rises in interest rates, rises in the cost of production including wage increases, all of which is exacerbated by the increases in the cost of fuel.
Peacocke says that despite this, the lifting of Covid restrictions and the prospect of offshore travel again on the horizon, morale in the rural sector seems to be good.
The Real Estate Institute of New Zealand (REINZ) has released its latest rural property report, providing a detailed view of New Zealand’s rural real estate market for the 12 months ending December 2025.
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.
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.
Budou are being picked now in Bridge Pā, the most intense and exciting time of the year for the Greencollar team – and the harvest of the finest eating grapes is weeks earlier than expected.
The Real Estate Institute of New Zealand (REINZ) has released its latest rural property report, providing a detailed view of New Zealand’s rural real estate market for the 12 months ending December 2025.
Rural retailer Farmlands has released it's latest round of half-year results, labeling it as evidence that its five-year strategy is delivering on financial performance and better value for members.
OPINION: "We are back to where we were a year ago," according to a leading banking analyst in the UK, referring to US president Donald Trump's latest imposition of a global 10% tariff on all exports into the US.
DairyNZ says the Government’s proposed Resource Management Act reform needs further work to ensure it delivers on its intent.
Overseas Trade Minister Todd McClay says he's working constructively with the Labour Party in the hope they will endorse the free trade agreement (FTA) with India when the agreement comes before Parliament for ratification.
OPINION: Expect the Indian free trade deal to feature strongly in the election campaign.
OPINION: One of the world's largest ice cream makers, Nestlé, is going cold on the viability of making the dessert.
