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178 farms were sold in December, the most for a December since 2007 and the second highest for any month in 2012; prices per hectare hold

Rural News
178 farms were sold in December, the most for a December since 2007 and the second highest for any month in 2012; prices per hectare hold
More farms sold in December, but prices stable

The market recorded 178 sales, which is 26% higher than December last year and about 55% above the average over the past four years.

These details are drawn from the Real Estate Institute monthly reports for December 2012, and focus only on farm sales - excluding lifestyle blocks.

The median price per hectare was up to $23,070 in December 2012, up 1% on a month ago. Lower average prices were seen for arable, finishing, grazing and dairy properties compared with those same categories in November , and horticulture properties rose slightly.

December sales included: 

  10 arable farms, at an average per hectare of $24,929 (November was $26,908)
  35 dairy farms, at an average per hectare of $34,483 ($37,166)
  36 finishing units, at an average per hectare of $18,852 ($18,950)
  74 grazing properties, at an average per hectare of $16,511 ($16,829)
  11 horticultural, at an average per hectare of $89,139 ($88,889)
  12 farms of other types

For more perspectives, see

Exchange rates
Commodity prices
Farm cost indexes
Interest rate trends
Rural credit aggregates
- Farm sales activity
International dairy prices

for saleyard and processor price trend graphs, see

lamb
beef
deer
velvet

Farm sales

Select chart tabs

New Zealand
Source: REINZ
Arable
Source: REINZ
Dairy
Source: REINZ
Finishing
Source: REINZ
Forestry
Source: REINZ
Grazing
Source: REINZ
Horticulture
Source: REINZ

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1 Comments

No mention of how many sold to foreigners. So for those of you who bleat about how we only say anything when it's the Crafar farms let me say now, if any of these went to foreign investors, I object

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