July 17, 2017
These details are drawn from the Real Estate Institute monthly reports for June 2017, and focus only on farm sales - excluding lifestyle blocks.
The market recorded 125 sales, which is 4.6% below the same month last year and 16.1% below the average June over the past four years.
The median price per hectare was $25,993 in June 2017, 4.5% lower than May, and 1.4% below June 2016.
Compared to June 2016, lower average prices applied across Arable, Grazing and Horticulture.
June 2017 sales included:
3 arable farms,
10 dairy farms,
50 finishing units,
10 forestry properties,
30 grazing properties,
The number of sales is presented here, without the average price, because average prices bounce around dramatically depending on the size and type of business unit being sold. However, the following table sets out the median prices per hectare over the past three months, as reported by REINZ.
|$/ha - June 2017||Arable||Dairy||Finishing||Forestry||Grazing||Hort||Special|
|Bay of Plenty||131,265||55,566||23,411||41,168||16,065||281,608|
for more perspectives, see
for saleyard and processor price trend graphs, see