increase font size
REINZ report a 56.4% rise in farm sales for the period ending November 2020.
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.
Overall, there were 441 farm sales in those three months, compared to 282 farm sales for the same period in 2019.
1,412 farms were sold in the year to November 2020, 9.0% more than were sold in the year to November 2019.
The median price per hectare for all farms sold in the three months to November 2020 was $27,763 compared to $25,190 recorded for the three months ending November 2019.
The REINZ All Farm Price Index fell 1.3% compared to the three months ending November 2019.
Eleven of the 14 regions recorded an increase in the number of farm sales for the three months ended November 2020 compared to the three months ending November 2019, with the most notable being Waikato and Northland.
Otago recorded the most significant decline in sales with Wellington and Gisborne also recording fewer farm sales than 2019.
“Sales data for the three-month period ending November 2020 confirms again that in terms of numbers, finishing properties are clearly the dominant category,” said Brian Peacocke, REINZ rural spokesman.
“The increase in sales volumes throughout the rural sector would indicate the banking sector is beginning to emerge from the deep freeze.”
Finishing farms accounted for the largest number of sales with a 34% share of all sales over the three months to November 2020.
Grazing farms accounted for 26%, Dairy accounted for 10%, and Horticulture accounted for 13% of all sales.
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.
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.
On the eve of his departure from Federated Farmers board, Richard McIntyre is thanking farmers for their support and words of encouragement during his stint as a farmer advocate.
A project reducing strains and sprains on farm has won the Innovation category in the New Zealand Workplace Health and Safety Awards 2025.
Beef + Lamb New Zealand (B+LNZ), in partnership with the Ministry for Primary Industries (MPI) and other sector organisations, has launched a national survey to understand better the impact of facial eczema (FE) on farmers.
One of New Zealand's latest and largest agrivoltaics farm Te Herenga o Te Rā is delivering clean renewable energy while preserving the land's agricultural value for sheep grazing under the modules.
Global food company Nestle’s chair Paul Bulcke will step down at its next annual meeting in April 2026.
Brendan Attrill of Caiseal Trust in Taranaki has been announced as the 2025 National Ambassador for Sustainable Farming and Growing and recipient of the Gordon Stephenson Trophy at the National Sustainability Showcase at in Wellington this evening.
OPINION: ACT MP Mark Cameron isn’t everyone’s cup of tea, but he certainly calls it how he sees it, holding…
OPINION: Did former PM Jacinda Ardern get fawning reviews for her book?
