March 15, 2017
These details are drawn from the Real Estate Institute monthly reports for February 2017, and focus only on farm sales - excluding lifestyle blocks.
The market recorded 131 sales, which is 13.9% above the same month last year and 1.6% above the average February over the past four years.
The median price per hectare was $27,395 in February 2017, 1.2% higher than January, and 5.5% above February 2016.
Lower average prices applied across Forestry, Grazing and Special units.
February 2017 sales included:
7 arable farms,
28 dairy farms,
30 finishing units,
5 forestry properties,
44 grazing properties,
2 farms of other types
The number of sales is presented here, without the average price, because average prices bounce around dramatically depending on the size and type of business unit being sold. However, the following table sets out the median prices per hectare over the past three months, as reported by REINZ.
|$/ha - February 2017||Arable||Dairy||Finishing||Forestry||Grazing||Hort||Special|
|Bay of Plenty||187,185||34,560||41,146||76,600||323,238|
for more perspectives, see
for saleyard and processor price trend graphs, see