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Dairy Property Market Research Series | Canterbury

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April 2021

Until relatively recently, we considered the buyer pool and demand for dairy farms had reduced. Factors contributing to this has been a lack of liquidity through an absence of overseas buyers, a significant reduction in bank appetite for lending, uncertainty around how environmental rules and regulations could impact farming systems which all resulted in lower farmer confidence and fewer transactions.

See our previous sales data maps.

An increase in the number of confirmed dairy farm sales throughout Canterbury appears to indicate a willingness from buyers to act and increase offers to levels that means sales are occurring. This is likely influenced by the yields on well-run dairy farming businesses appearing very sound relative to long term averages after a reset in farm values, low interest rates and a shortage of quality dairy farm listings.

Real estate agents report vendors who may have previously wanted to sell dairy farms are now withdrawing their properties due to improved returns.

We are also starting to see interest in Canterbury dairy farms, from non-traditional sources of capital including syndicates, sale and leaseback arrangements and international entities taking a minority interest in proven larger scale farming companies.

All of these factors mean currently, we consider proven dairy farming operations with up-to-date environmental compliance, low to moderate irrigation costs, an adequate standard of housing and farm buildings to be relatively well received if offered to the market.

Click here to access all our research on the dairy property market in New Zealand, and see the most recent dairy sales maps for Canterbury and Southland.

Follow the links to reach our updates and sales maps on sheep & beef, viticulture, arable and kiwifruit markets in 2020.

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Dairy Property Market Research Series | Canterbury

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Related Experts

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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Greg Petersen

Director | Rural Valuation

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Greg is an experienced registered valuer and leads our Canterbury rural valuation and property consultancy team in Christchurch.

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, high country, infrastructure compensation and in other valuation practice areas.

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Georgia Marshall

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Georgia has recently completed her bachelor’s degree in Land and Property Management where she specialised in Rural Valuation and Agricultural Management at Lincoln University. Georgia joined the Christchurch Colliers team upon graduation in January 2020.

Having grown up in Marlborough, she completed work in our Blenheim office during her studies, assisting with the valuation of vineyards and sheep and beef systems. Georgia received two Education NZ Prime Ministers scholarships to China and Brazil in 2018 and 2019 where she developed a deeper understanding of agribusiness concepts and farming systems within New Zealand's largest export markets. Along with this, she studied at Chonnam National University in South Korea where she developed key skills in international trade and marketing.

Georgia is currently working alongside Tim Banks to deliver market valuations in sheep and beef and dairy systems for financial reporting and mortgage purposes. Having a passion for property and the agricultural sector, Georgia is working towards becoming a fully registered rural valuer with Colliers International.


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