Canterbury Sheep and Beef Farm Sales | June 2019

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 06_2019 Highlights_pastoral v3

There have been more sales of North Canterbury pastoral properties over the last twelve months than other parts of Canterbury. The market appears to be active and property values are steady.

Several factors that influence this market segment are in play at the moment.

Commodity prices, except for crossbred wool, are high relative to long-term averages and climatic conditions this season so far have been favourable.

Returns have improved and sheep and beef farmer confidence is high relative to other sectors. Banks are willing to lend to the sector.

Most of the recent property sales have been for less than five million dollars. This lower weight of money means a deeper buyer pool, and the North Canterbury sheep and beef market has been less impacted by the absence of overseas buyers.

Buyers appear to be either neighbouring or nearby farmers expanding their operations or the next generation of farmers buying their first farms, often with family assistance.

We are also seeing dairy farmers selling high-value land to buy larger, more extensive properties to become self-contained.

The purchase of land for afforestation appears to be having less impact in Canterbury than other parts of the country, with pastoral buyers mostly outbidding buyers of land for forestry to date. Relatively low carbon sequestration in Canterbury compared to other regions can explain this to some extent:

carbon stocks comparison

There have been more sales of North Canterbury pastoral properties over the last twelve months than other parts of Canterbury. The market appears to be active and property values are steady.

 For more information, contact Ryan, Tim or Greg.



Canterbury Sheep and Beef Farm Sales | June 2019

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Tim Banks

Associate Director

Christchurch (Rural Valuation)

Tim  holds a strong interest in the land market and factors influencing land value. With his family he owns an irrigated, intensive stock and cropping property in the Hurunui Water Project (HWP) command area. He is a member of the HWP Farmer Liason Committee and chairs a farmer HWP working group. Farm ownership and irrigation involvement means Tim has a strong understanding of a range of land uses and irrigation, two key factors influencing value. Prior to starting work for Colliers Tim had 25 years agribusiness banking experience in the North and South Islands working in relationship management, business development and senior leadership roles. Tim completed and peer reviewed valuation reports in his banking roles. Farm ownership, agribusiness banking and prior valuation experience  means Tim brings an understanding of farming, agribusiness banking and valuation experience as well as established rural networks to the Colliers team.     

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Greg Petersen

Director | Rural Valuation

Christchurch (Rural Valuation)

Greg is a registered rural valuer and has eleven years of valuation and property consultancy experience and has been based in our Christchurch office since 2011. Prior to joining the firm he worked for both the Office of Treaty Settlements and Quotable value.

Greg specialises in the valuation of rural property throughout Canterbury and the South Island. His work for the firm has included financial reporting valuations of large scale rural portfolio’s, compensation assessments for major infrastructure projects and one off individual farm valuations for lending, estate and development purposes.

Greg offers our clients excellent technical skills and he has a highly developed understanding of the public sector and relevant legislation. He plays a lead role in our corporate dairy farm valuation work, infrastructure compensation and in other valuation practice areas.

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