November 17, 2016
These details are drawn from the Real Estate Institute monthly reports for October 2016, and focus only on farm sales - excluding lifestyle blocks.
The market recorded 105 sales, which is 22.2% below the same month last year and 10.3% below the average October over the past four years.
The median price per hectare was $25,974 in October 2016, 3.2% lower than September, and 5.8% below October 2015.
Lower average prices applied across Forestry, Grazing and Special units.
October 2016 sales included:
12 arable farms,
9 dairy farms,
18 finishing units,
40 grazing properties,
3 farms of other types
The number of sales is presented here, without the average price, because average prices bounce around dramatically depending on the size and type of business unit being sold. However, the following table sets out the median prices per hectare over the past three months, as reported by REINZ.
|$/ha - October 2016||Arable||Dairy||Finishing||Forestry||Grazing||Hort||Special|
|Bay of Plenty||145,876||29,329||30,214||276,103|
for more perspectives, see
for saleyard and processor price trend graphs, see