May 18, 2017
These details are drawn from the Real Estate Institute monthly reports for April 2017, and focus only on farm sales - excluding lifestyle blocks.
The market recorded 162 sales, which is 12.5% above the same month last year and 3.9% above the average March over the past four years.
The median price per hectare was $28,368 in March 2017, 0.3% higher than February, and 0.1% below March 2016.
Compared to April 2016, lower average prices applied across Arable, Forestry and Grazing.
April 2017 sales included:
6 arable farms,
30 dairy farms,
59 finishing units,
5 forestry properties,
38 grazing properties,
The number of sales is presented here, without the average price, because average prices bounce around dramatically depending on the size and type of business unit being sold. However, the following table sets out the median prices per hectare over the past three months, as reported by REINZ.
|$/ha - May 2017||Arable||Dairy||Finishing||Forestry||Grazing||Hort||Special|
|Bay of Plenty||275,400||33,967||42,000||3,154||36,321||349,319|
for more perspectives, see
for saleyard and processor price trend graphs, see