October 17, 2017
These details are drawn from the Real Estate Institute monthly reports for September 2017, and focus only on farm sales - excluding lifestyle blocks.
The market recorded 85 sales, which is 32.5% below the same month last year and 24.8% below the average September over the past four years.
The median price per hectare was $27,363 in September 2017, 2.0% lower than August, and 2.0% above September 2016.
Compared to September 2016, lower average prices applied across Arable, Forestry, Grazing and Special farms.
September 2017 sales included:
8 arable farms,
6 dairy farms,
28 finishing units,
2 forestry properties,
30 grazing properties,
The number of sales is presented here, without the average price, because average prices bounce around dramatically depending on the size and type of business unit being sold. However, the following table sets out the median prices per hectare over the past three months, as reported by REINZ.
|$/ha - September 2017||Arable||Dairy||Finishing||Forestry||Grazing||Hort||Special|
|Bay of Plenty||202,700||11,382||28,041||10,464||411,407|
for more perspectives, see
for saleyard and processor price trend graphs, see