Whatawhata dairy farm is in receivership

A Whatawhata dairy farm has gone into receivership.

Real Estate agency Bayleys will auction off the West Waikato farm, also known as Riverbend, on March 9.

Bayleys national country manager Simon Anderson said while he did not know the individual circumstances behind this farm, forced receivership sales had become increasingly rare across New Zealand over the past 12 months because of the improved dairy outlook.

‘‘It’s a pretty positive environment out there,’’ he said.

The 142.55 hectare farm, located on Casey Road, Whatawhata, was converted into a dairy farm almost a decade ago. Over the past four milking seasons the property has run between 400 – 490 stock.

Full season milk solids production to Fonterra over that period has ranged from 131,935 kilogrammes to 151,546 kilogrammes.

Bayleys Waikato salesperson Mike Fraser-Jones said Riverbend’s milk production levels had been achieved with the assistance of approximately 54 hectares of leased adjacent land – which was not included in the sale.

The offering includes a 36-aside herringbone milking shed complete with all hot water cylinders, water coolers, refrigeration units, vacuum pump and wash down hose outlets, a concrete feed pad with a pair of 46 metre troughs, a four bay half-round 104 square metre implement shed, a two bay 162 square metre implement shed with workshop and mechanic’s pit.

A three bay 162 square metre calf rearing shed and two large silage pits beside the feed pad, stockyards, and an effluent pond.

The owner/manager’s resi- dence features a modern 220 square metre three-bedroom dwelling with open plan living and dining space, lounge, rumpus room, and an in-ground swimming pool in the back lawn.

The home was refurbished and a gas water-heating system added.

The second dwelling on the property is a 91 square metre three-bedroom cottage with a double carport.

Water for the farm is drawn from two bores.