are nz farm sales prices up or down

Volumes decline, values hold steady

On-farm inflation costs such as fuel, fertiliser and labour are also impacting farm sales.

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.

Published in General News

Co-op offers $1.50/kgMS more in Oz

Fonterra Australia managing director René Dedoncker notes that Australian farmgate pricing for the season ahead remains higher than international commodity values.

A shrinking milk pool in Australia is forcing major processors, including Fonterra, to outbid each other and secure farmer suppliers for the new season.

Published in General News

Strong demand drives positivity

Dairy

Published in Agribusiness

Ravensdown to restructure

A drop in sales is forcing fertiliser co-operative Ravensdown to review its organisational structure and staffing level.

Published in General News

Editorial: Costly livestock export ban

A nationwide ban on live exports by sea is now in place.

OPINION: As the Galloway Express left Port Taranaki last month with cattle for China, it marked the end of livestock export.

Published in Opinion

February real estate activity 'cautious'

REINZ says a drop in farm sales last month was largely due to higher interest rates, government uncertainty and rising farm input costs.

Recently released data from the Real Estate Institute of New Zealand (REINZ) shows rural land buyers are taking a cautious approach to purchases.

Published in General News

China's reporting a positive

Rabobank analyst Genevieve Steven says China’s beef consumption is predicted to steadily expand in the coming years.

China's reopening and changes in Chinese consumer behaviour is expected to provide business opportunities for beef exporters but also generate volatility in global markets.

Published in Agribusiness

Rising to the challenge

Dairy Commodity markets start the new year on softer ground and with a weaker tone to linger into New Zealand’s new season. Commodity prices have been losing momentum since the midpoint of 2022.

Published in Agribusiness

Farm prices steady - REINZ

Increased environmental compliance has required greater preparation by sellers and has meant more due diligence by buyers, thus pushing out traditional selling times of farms.

Recent data from the Real Estate Institute of New Zealand (REINZ) shows that the prices of dairy farms could be on the rise.

Published in General News

Guidance range up, milk price down

Fonterra chief executive Miles Hurrell says the new earning guidance is a positive start to the year.

Fonterra last week lifted its earning guidance for this season but narrowed its forecast farmgate milk price due to softening whole milk powder prices.

Published in General News