Monday, 22 February 2021 15:46

A solid start to 2021

Written by  Staff Reporter
REINZ says farm sales last month mark a solid start for the year. REINZ says farm sales last month mark a solid start for the year.

Data released by the Real Estate Institute of New Zealand (REINZ) shows there were 154 more farm sales for the three months ending January 2021 than for the same three months in the previous year.

Overall, there were 517 farm sales in the three months ending January 2021, compared to 520 farm sales for the three months ending December 2020, down 0.6%.

1,486 farms were sold in the year to January 2021, up 16.4% from the year ending January 2020.

The median price per hectare for all farms sold in the three months to January 2021 was $25,868 compared to $21,221 recorded for three months ending January 2020. The median price per hectare decreased 5.3% compared to December 2020.

Eleven of the 14 regions recorded an increase in the number of farm sales for the three months ending January 2021 compared to the three months ending January 2020, with the most notable being Waikato and Canterbury.

Otago recorded the most notable decline in sales.

Brian Peacocke, rural spokesman at REINZ, says “Sales data for the three month period ending January 2021 confirms most categories of rural properties were comfortably ahead in terms of volumes of sales compared to the same periods in 2020 and 2019.”

He says that while figures reflect the resilience in the rural sector in spite of environmental and health constraints.

“The current mood in the rural sector is one of determination, with the will to cope with climatic and market variations, backed up by an underlying feeling of cautious optimism, irrespective of the disruption caused by the Covid-19 pandemic which is particularly greater in the off-shore markets as opposed to the New Zealand internal market.”

More like this

Farm values down — REINZ

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.

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.

National

Job losses worry meat sector

New Zealand's meat processing industry says, while it supports moves away from coal, it has some major concerns about cuts…

Manawatu's economy bouncing back

Although the national economy is still functioning below pre-pandemic levels and the road ahead remains uncertain, the Manawatu region appears…

Machinery & Products

Real handy in all situations

Listening to customers across all sectors of agriculture helps the Handypiece team design and engineer options to make its unit…

Film binding now available

The Kuhn VBP 3100 series variable chamber baler-wrapper combination can now be equipped with the patented Kuhn Twin-reel film binding…

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Great idea

OPINION: Your old mate has long argued Landcorp’s farming business – Pamu – is a bigger dog than he is.

Unemployable?

OPINION: Your canine crusader shakes his head at the complete lack of practical and real-world knowledge in both government and…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter