November 21, 2017
These details are drawn from the Real Estate Institute monthly reports for October 2017, and focus only on farm sales - excluding lifestyle blocks.
The market recorded 85 sales, which is 19.0% below the same month last year and 32.0% below the average October over the past four years.
The median price per hectare was $24,982 in October 2017, 8.7% lower than September, and 3.8% below October 2016.
Compared to October 2016, lower average prices applied across Arable, Dairy, Forestry and Grazing farms.
October 2017 sales included:
11 arable farms,
5 dairy farms,
21 finishing units,
6 forestry properties,
23 grazing properties,
The number of sales is presented here, without the average price, because average prices bounce around dramatically depending on the size and type of business unit being sold. However, the following table sets out the median prices per hectare over the past three months, as reported by REINZ.
|$/ha - October 2017||Arable||Dairy||Finishing||Forestry||Grazing||Hort||Special|
|Bay of Plenty||459,588||28,048||8,560||47,558||560,635|
for more perspectives, see
for saleyard and processor price trend graphs, see