April 18, 2016
These details are drawn from the Real Estate Institute monthly reports for March 2016, and focus only on farm sales - excluding lifestyle blocks.
The market recorded 148 sales, which is -18.2% below the same month last year and -19.1% below the average March over the past four years.
The median price per hectare was $27,202 in March 2016, +4.7% higher than for February, and -2.7% below March 2015.
Lower average prices applied across across all farm types except horticultural units.
March 2016 sales included:
13 arable farms,
21 dairy farms,
29 finishing units,
51 grazing properties,
6 farms of other types
The number of sales is presented here, without the average price, because average prices bounce around dramatically depending on the size and type of business unit being sold. However, the following table sets out the median prices per hectare over the past three months, as reported by REINZ.
|$/ha - March 2016||Arable||Dairy||Finishing||Forestry||Grazing||Hort||Special|
|Bay of Plenty||22,092||24,449||23,240||295,580|
for more perspectives, see
for saleyard and processor price trend graphs, see