Vintage 2024: Wairarapa
The 2024 vintage could be one of Wairarapa's greatest yet, says Foley Wines winemaker John Kavanagh, who heads the winery team at Te Kairanga.
A 202ha, FLAT, dry-stock farm, described as one of the most admired in the Wairarapa, sold under the hammer last week at $5.61 million, well in excess of its $4.8 million 2011 government valuation.
Brought to the market by Gary Scott of PGG Wrightson Real Estate, Masterton, and sold at auction on May 8, the property, 'The Grange', is situated between Masterton and Carterton.
Gary Scott said around 60 people attended the auction.
"Bidding was brisk with five different bidders, including two parties bidding by phone. In the end, as often occurs with rural real estate, the successful purchaser was a neighbouring farmer who intends to consolidate 'The Grange' with his existing property, which is used for cropping and lamb finishing.
"At that price, the property exceeded the reserve and also surpassed most people's expectations, leaving both vendor and purchaser satisfied with the outcome," he said.
Scott sys, over the past 12 months, local rural property values have firmed and the number of sales has risen.
Described as a multi-use property, with capacity for finishing, breeding, cropping or dairy support, 'The Grange' features a 13-year-old, four-bedroom, two-storey homestead, and was in the hands of the previous owner for about 20 years.
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.
An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.
The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a resolution adopted by the United Nations (UN) General Assembly to declare 2026 International Year of the Woman Farmer.
Waikato herd health veterinarian Katrina Roberts is the 2024 Fonterra Dairy Woman of the Year.
Horticulture NZ chief executive Nadine Tunley will step down in August.