Dairy farm sale prices stay high in Waikato

Matamata Chronicle - - Rural Delivery -

Waikato dairy farms are fetch­ing prices de­spite a fall­ing pay­out.

The Real Es­tate In­sti­tute of New Zealand quar­terly ru­ral mar­ket re­port shows that while the num­ber of dairy farm sales re­mained sim­i­lar to this time last year, the price per hectare jumped just over $14,000.

The re­port said there were ‘‘very strong prices for dairy farms in the Waikato with record prices be­ing paid for se­lect Tat­u­a­sup­ply prop­er­ties’’.

‘‘Qual­ity dairy support prop­er­ties and crop­ping blocks are in strong de­mand with very high prices be­ing paid.’’

Of the 47 farms sold in the quar­ter to Oc­to­ber, 12 were dairy farms, and 25 were grazing, and four were fin­ish­ing blocks. The

record me­dian size for dairy farms was 84 hectares for dairy farms, 31ha for fin­ish­ing and 35ha for grazing. Three more farms were sold in the year to Oc­to­ber than in 2013.

The price for fin­ish­ing blocks per hectare was up more than $8000 to $33,024, but grazing blocks fell in price for the Waikato by $2000 to $23,457 per hectare.

Na­tion­ally farm sales reached 346 in the three months to Oc­to­ber, down three on the same pe­riod last year.

The me­dian price per hectare for dairy farms na­tion­ally was $43,299 for the three months to Oc­to­ber 2013, and the me­dian size sold was 97ha. Me­dian pro­duc­tion per hectare across all dairy farms sold in Oc­to­ber 2014 was 1062kgs of milk­solids.

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