Op­ti­mism re­mains in dif­fi­cult times

South Waikato News - - What’s On - PAUL O'SULLIVAN

Spring is on the way and the days are grow­ing longer.

Farm­ers are ben­e­fit­ing from an ex­cep­tion­ally mild win­ter, with grass com­ing away well.

Even the most re­cent global dairy trade auc­tion in­cluded some pos­i­tive indi­ca­tions.

While these are all rea­sons to be cheer­ful, a de­gree of pes­simism still per­me­ates the dairy sec­tor.

Some com­men­ta­tors sug­gest that banks will be com­pelled to man­age some of their dairy farm­ing clients to­wards ex­it­ing the in­dus­try.

How­ever, there is still lit­tle ev­i­dence of that lo­cally.

If farm­ers were be­ing forced to sell up, those of us in the ru­ral prop­erty sec­tor would be the first to know.

My PGG Wright­son Real Es­tate col­leagues else­where also re­port that, while there is plenty of gloomy talk, very few farms are com­ing to the mar­ket un­der pres­sure from the bank.

While this may change, at the mo­ment, fi­nanciers seem pre­pared to as­sist farm­ers through their chal­lenges.

That said, this is un­doubt­edly a dif­fi­cult time for many dairy farm­ers.

Whether we are look­ing at the light at the end of the tun­nel or a train bear­ing down on us can be a ques­tion of per­spec­tive.

In pe­ri­ods like this, some farm­ers will in­evitably have to walk away from their busi­nesses.

As and when any lo­cal folk find them­selves in a predica­ment of this sort, they and their fam­i­lies will need all the com­pas­sion and sup­port the rest of us can of­fer.

Na­tion­ally, Real Es­tate In­sti­tute ru­ral prop­erty sta­tis­tics paint a pic­ture of a sta­ble mar­ket.

By sales value and vol­ume, fin­ish­ing, graz­ing, arable and hor­ti­cul­tural prop­er­ties are all main­tain­ing the sta­tus quo.

Mean­while, Real Es­tate In­sti­tute fig­ures show the life­style and res­i­den­tial prop­erty sec­tors con­tinue to forge ahead, with no sign of eas­ing up dur­ing the Spring pe­riod.

Paul O’sullivan is Bay of Plenty and Cen­tral Plateau Real Es­tate Man­ager for PGG Wright­son Real Es­tate Ltd.

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