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North Canterbury Sheep and Beef Property Sales Map

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May 2021

While very dry conditions exist on the east coast of the Upper South Island farmers have to-date received solid farm gate prices in each of the main sectors, including sheep and beef on the back of above average export prices.

The dry is top of mind for farmers, outweighing the current positive outlook for winter and spring product prices.

Despite the dry, recent demand for pastoral properties in the Upper South Island has been stronger than other parts of Canterbury. Typically, the weight of money for pastoral properties is lower meaning a deeper pool of buyers exists providing more liquidity in the market, less influenced by a lack of overseas buyers.

Farmers appear focused on cashflow and profitability, more so than the chance of any future capital gain. Environmental rules and regulations are being considered by those entering the rural market.

The Zero Carbon Act, passed in November 2019, include targets for agricultural methane emission reductions of 10 percent by 2030 and 24-47 percent by 2050. The Government has also announced that it will enter into a world first programme of action with the agriculture sector aimed at introducing farm gate emissions pricing by 2025.

Afforestation potential and demand also exists for pastoral properties from the forestry sector. Low finance costs, good intermediate returns from carbon, raising log price potential, the ability to convert unproductive land into forestry to receive income and the ability for overseas buyers to buy forest land all serve to make sheep and beef properties saleable for a pastoral or forestry land use or a combination of the two.

However, demand for blocks with afforestation potential has generally been higher in other parts of the country compared to the Upper South Island with dry conditions and steeper terrain considered to be limiting factors while established land-owners in the region appear to have actively planted less effective areas on farms, sometimes registering new plantations in the Emissions Trading Scheme providing a future income stream.

Click here to access our previous Canterbury Sheep & Beef Sales Map.

Follow the links to access more sales maps and market commentaries on dairy, viticulture, arable, forestry and kiwifruit markets.


North Canterbury Sheep and Beef Property Sales Map

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Tim Banks

Associate Director | Rural Valuation

Christchurch (Rural Valuation)

Prior to joining Colliers, Tim had 25 years agribusiness banking experience in the North and South Island in relationship management, business development and senior leadership roles.

He completed and peer reviewed rural valuations throughout his banking career.  His banking skills include agribusiness finance, credit analysis and rural valuation.

With his wife he owns an irrigated, intensive stock and cropping property in North Canterbury.

The family property was leased prior to farming meaning Tim understands the lease market, has experience dealing with lessor and lessees and negotiating lease agreements.

Tim brings to the Colliers Rural Valuation and Advisory team agribusiness banking and practical farming experience, an understanding of irrigation and environmental compliance as well as a strong network of farmers and their advisors.

His focuses are all types of rural land valuation throughout the South Island and advisory work in the rural sector.

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