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Farms sold in New Zealand

Posted in Rural News

May 16, 2013

These details are drawn from the Real Estate Institute monthly reports for April 2013, and focus only on farm sales - excluding lifestyle blocks.

The market recorded 157 sales, which is 15% more than April last year but more than 25% above the average over the past four years.

The median price per hectare was up to $20,241 in April 2013, down 9.3% on a month ago. Lower average prices were seen for dairy, horticulture and forestry units compared with those same categories in March, and all others were stable.

April sales included: 
    5 arable farms,
  29 dairy farms,
  24 finishing units,
  81 grazing properties,
    9 horticultural,
    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   Arable Dairy Finishing Forestry Grazing Hort Special
                 
New Zealand   34,410 34,819 20,293 5,515 12,900 118,119 12,750
                 
Northland     15,395 8,458   7,959 163,305  
Auckland   68,478 27,564 23,595   24,646 146,487  
Waikato   104,228 40,560 16,495   23,052   61,929
Bay of Plenty     40,541 32,450 13,246 20,481 104,955  
Gisborne       27,765   4,501 120,015 5,579
Hawkes Bay   14,625       5,854 46,950 7,491
Taranaki   38,191 31,759 74,684   25,539    
Wang/Manawatu   25,879 26,616 12,588 20,000 8,277   11,243
Wellington   17,176   20,293 4,867 18,724    
Nelson     22,331 32,265 7,924 9,326 383,663  
West Coast     20,530     10,831    
Canterbury   38,960 45,283 26,633   11,822   12,255
Otago     36,968 16,429   13,091 108.333 14,202
Southland     36,922 16,632   14,000   12,403

for more perspectives, see

- Exchange rates
- Commodity prices
- Farm cost indexes
- Interest rate trends
- Rural credit aggregates
- Farm sales activity
- International dairy prices

for saleyard and processor price trend graphs, see

- lamb
- beef
- deer
- velvet

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