January 24, 2018
These details are drawn from the Real Estate Institute monthly reports for December 2017, and focus only on farm sales - excluding lifestyle blocks.
The market recorded 163 sales, which is 8.4% below the same month last year and 26.6% below the average December over the past four years.
The median price per hectare was $29,266 in December 2017, 9.2% higher than November, and 5.4% above December 2016.
Compared to December 2016, lower average prices applied across Arable, Finishing, Forestry, Grazing and Horticulture farms.
December 2017 sales included:
10 arable farms,
39 dairy farms,
43 finishing units,
6 forestry properties,
41 grazing properties,
24 horticultural farms
The number of sales is presented here, without the average price, because average prices bounce around dramatically depending on the size and type of business unit being sold. However, the following table sets out the median prices per hectare over the past three months, as reported by REINZ.
|$/ha - December 2017||Arable||Dairy||Finishing||Forestry||Grazing||Hort||Special|
|Bay of Plenty||199,101||37,687||28,875||8,867||17,728||511,178|
for more perspectives, see
for saleyard and processor price trend graphs, see