With the outlook for sheep and beef commodity prices positive and flowing through into higher returns than historical averages could sheep and beef values be set to go higher, or will we observe a period of consolidation following lower commodity prices and adverse climatic events.
Real estate agents report good demand for sheep and beef properties, particularly for those with scale (8,000+ stock units), a good balance of hill and finishing country and quality farm infrastructure. Interest for sheep and beef properties is reportedly coming from all over New Zealand but the confirmed purchasers are predominantly from local farmers adding a complementary property or increasing scale. New buyers are emerging often selling other assets to invest in the sector.
For more information, please contact
Valuer & Associate Director | Rural & Agribusiness Valuation & Advisory Services
64 21 199 4599