November 18, 2015
These details are drawn from the Real Estate Institute monthly reports for October 2015, and focus only on farm sales - excluding lifestyle blocks.
The market recorded 135 sales, which is the same as the same month last year and -2% below the average October over the past four years.
The median price per hectare was $27,579 in October 2015, +6% higher than for September, but about the same as for October 2014.
Higher average prices applied across across all farm types except units.
October 2015 sales included:
14 arable farms,
10 dairy farms,
25 finishing units,
53 grazing properties,
11 farms of other types
The number of sales is presented here, without the average price, because average prices bounce around dramatically depending on the size and type of business unit being sold. However, the following table sets out the median prices per hectare over the past three months, as reported by REINZ.
|$/ha - October 2015||Arable||Dairy||Finishing||Forestry||Grazing||Hort||Special|
|Bay of Plenty||337,571||39,127||28,176||20,445||37,409||210,189||38,055|
for more perspectives, see
for saleyard and processor price trend graphs, see