January 22, 2016
These details are drawn from the Real Estate Institute monthly reports for December 2015, and focus only on farm sales - excluding lifestyle blocks.
The market recorded 239 sales, which is +38% above the same month last year and +21% above the average December over the past four years.
The median price per hectare was $28,120 in December 2015, -2% lower than for November, and -2% below December 2014.
Lower average prices applied across across all farm types except horticultural units.
December 2015 sales included:
16 arable farms,
49 dairy farms,
37 finishing units,
111 grazing properties,
8 farms of other types
The number of sales is presented here, without the average price, because average prices bounce around dramatically depending on the size and type of business unit being sold. However, the following table sets out the median prices per hectare over the past three months, as reported by REINZ.
|$/ha - December 2015||Arable||Dairy||Finishing||Forestry||Grazing||Hort||Special|
|Bay of Plenty||389,071||35,003||30,383||20,204||33,333||307,557|
for more perspectives, see
for saleyard and processor price trend graphs, see