June 17, 2016
These details are drawn from the Real Estate Institute monthly reports for May 2016, and focus only on farm sales - excluding lifestyle blocks.
The market recorded 197 sales, which is +22.4% above the same month last year and 13.2% above the average May over the past four years.
The median price per hectare was $26,683 in May 2016, -11.1% lower than for April, and -6.6% below May 2015.
Lower average prices applied across Dairy, Grazing and Horticulture units.
May 2016 sales included:
18 arable farms,
21 dairy farms,
45 finishing units,
79 grazing properties,
9 farms of other types
The number of sales is presented here, without the average price, because average prices bounce around dramatically depending on the size and type of business unit being sold. However, the following table sets out the median prices per hectare over the past three months, as reported by REINZ.
|$/ha - May 2016||Arable||Dairy||Finishing||Forestry||Grazing||Hort||Special|
|Bay of Plenty||40,748||33,259||3,496||19,916||282,500||24,839|
for more perspectives, see
for saleyard and processor price trend graphs, see