August 19, 2015
These details are drawn from the Real Estate Institute monthly reports for July 2015, and focus only on farm sales - excluding lifestyle blocks.
The market recorded 114 sales, which is down 14% on the same month last year but +14% above the average July over the past four years.
The median price per hectare was $27,800 in July 2015, down $1,400 per hectre from the prior month, but +4% more than July 2014 and +35% above July 2013 prices.
Higher average prices applied across across all farm types except arable and finishing units.
July 2015 sales included:
13 arable farms,
3 dairy farms,
23 finishing units,
52 grazing properties,
6 farms of other types
The number of sales is presented here, without the average price, because average prices bounce around dramatically depending on the size and type of business unit being sold. However, the following table sets out the median prices per hectare over the past three months, as reported by REINZ.
|$/ha - July 2015||Arable||Dairy||Finishing||Forestry||Grazing||Hort||Special|
|Bay of Plenty||33,142||33,100||12,854||268,397|
for more perspectives, see
for saleyard and processor price trend graphs, see