June 16, 2015
These details are drawn from the Real Estate Institute monthly reports for May 2015, and focus only on farm sales - excluding lifestyle blocks.
The market recorded 161 sales, which is one more than the same month last year but -4% below the average May over the past four years.
The median price per hectare was almost unchanged at $28,563 in May 2015 from the prior month, but +14% more than May 2014.
Higher average prices applied across across all farm types except arable and finishing units.
May 2015 sales included:
13 arable farms,
23 dairy farms,
27 finishing units,
71 grazing properties,
5 farms of other types
The number of sales is presented here, without the average price, because average prices bounce around dramatically depending on the size and type of business unit being sold. However, the following table sets out the median prices per hectare over the past three months, as reported by REINZ.
|$/ha - May 2015||Arable||Dairy||Finishing||Forestry||Grazing||Hort||Special|
|Bay of Plenty||33,142||28,617||23,876||261,002|
for more perspectives, see
for saleyard and processor price trend graphs, see