September 19, 2017
These details are drawn from the Real Estate Institute monthly reports for August 2017, and focus only on farm sales - excluding lifestyle blocks.
The market recorded 91 sales, which is 25.4% below the same month last year and 20.2% below the average August over the past four years.
The median price per hectare was $27,928 in August 2017, 2.8% higher than July, and 1.6% above August 2016.
Compared to August 2016, lower average prices applied across Dairy, Forestry, Grazing, Horticulture and Special farms.
August 2017 sales included:
4 arable farms,
9 dairy farms,
37 finishing units,
11 forestry properties,
17 grazing properties,
The number of sales is presented here, without the average price, because average prices bounce around dramatically depending on the size and type of business unit being sold. However, the following table sets out the median prices per hectare over the past three months, as reported by REINZ.
|$/ha - August 2017||Arable||Dairy||Finishing||Forestry||Grazing||Hort||Special|
|Bay of Plenty||190,449||11,382||30,105||10,464||372,684|
for more perspectives, see
for saleyard and processor price trend graphs, see