Dairy Property Market Research Series

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Dairy August 2020

August 2020

Demand for medium to large scale dairy farms throughout the country has been very slow. As the liquidity in the market remains tight, there continues to be a shortage of buyers in the market and land values continue to soften.

In many cases, there appears to be a difference in the expectations between vendors and purchasers with neither party wanting to set the market. This is also driven by farmer confidence and additional factors such as increased environmental regulations, Mycoplasma bovis, and Health and Safety requirements.

But, fundamental conditions for optimism in the market do exist.

Click here to request access to the full commentary 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 and kiwifruit markets in 2020.


Dairy August 2020_2

Dairy Property Market Research Series

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Related Experts

Greg Petersen

Director | Rural Valuation

Christchurch (Rural Valuation)

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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Kate Day

Registered Valuer | Rural Valuation

Invercargill

Kate is a born and breed Southlander. Growing up on a sheep and beef farm in Central Southland gave her an invaluable appreciation and understanding of the area and primary sector.

Kate graduated from Lincoln University in 2015 with a B. Com. Ag majoring in Agricultural Management and Rural Valuation. In her final year at Lincoln she received the Colliers Rural and Agribusiness Valuation Scholarship and consequently joined the company in 2016.

Kate worked out of the Christchurch office for four years, focusing predominantly on valuing properties in the Southland and Otago regions, gaining experience in dairy, sheep and beef, high country, horticulture and viticulture industries. She was also involved in developing datasets, overview analysis and trend commentaries for the Southland and Otago rural property markets for clients and communication reports.

In May 2019 Kate gained her registration and started building her own portfolio of clients in the Lower South Island.

In January 2020 Kate moved to Southland to open the first Colliers Rural Valuation office in the region.

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Chris Boyd

Executive Director | Rural Valuation

Tauranga

Chris has 36 years valuation and consultancy experience across a wide variety of property related matters including compensation, financial reporting statutory compliance, acquisition and rural valuation. He previously held senior positions at both Valuation New Zealand and Quotable Value – where his primary focus was the Bay of Plenty and Waikato regions.

His client work for the firm since 2008 has covered a range of property types and issues including; agribusiness, horticultural ,  lifestyle and residential development land, forestry land valuations, Emission Trading Scheme issues, specialised asset valuations, valuations for financing, due dilligence tax compliance, trust formation, matrimonial disputes and compensation. In addition he has provided expert evidence in the High Court, District Court, Maori Land Court, Environment Court  and Land Valuation Tribunal.

Chris’s infrastructure sector experience has included valuation and advisory projects covering compensation for easement and right of way property interests acquired by Transpower and other leading New Zealand energy companies, for new transmission lines and infrastructure upgrades, and compensation assessments for Crown entities taking property under the Public Works Act 1981 for motorways and pipelines.

His forestry sector experience has encompassed numerous valuation and advisory engagements throughout the country – including advice in relation to devolution of the New Zealand Forestry Service in the late 1980s, land value and rental review assessments as part of Crown Forestry license protocols and Maori Land rental review requirements, various Treaty of Waitangi settlement awards and providing expert evidence.

Chris is based in our Tauranga office and offers our clients sound market advice founded on a comprehensive understanding of the specific sector dynamics and balanced by experience gained working on behalf of owners, regulators and adjudicators in both the public and private domain. He is involved in a number of practice areas including forestry, dairy, Kiwifruit Avocados, infrastructure and pastoral.

Chris is the immediate past chairman of the Tauranga branch of the Property Institute of New Zealand and is a member of  the Waikato No. 4 Land Valuation Tribunal and the Directors Institute of New Zealand.

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