April 20, 2014
These details are drawn from the Real Estate Institute monthly reports for March 2015, and focus only on farm sales - excluding lifestyle blocks.
The market recorded 181 sales, which is seven less than the same month last year but +33% above the average March over the past four years.
The median price per hectare was marginally lower at $27,957 in March 2015 from the prior month, but +25% more than March 2014.
Lower average prices applied across across all farm types except arable units.
March 2015 sales included:
16 arable farms,
38 dairy farms,
22 finishing units,
83 grazing properties,
5 farms of other types
The number of sales is presented here, without the average price, because average prices bounce around dramatically depending on the size and type of business unit being sold. However, the following table sets out the median prices per hectare over the past three months, as reported by REINZ.
|$/ha - March 2015||Arable||Dairy||Finishing||Forestry||Grazing||Hort||Special|
|Bay of Plenty||49,398||19,311||300,000|
for more perspectives, see
for saleyard and processor price trend graphs, see