Demand for farms strong in face of Fonterra payout

Recent land prices reflect confidence in New Zealand’s dairy industry

"We’re still getting strong enquiry both from local buyers wanting to expand their land holdings as well as from international funds and private investors.” 

Shane O’Brien, National Director of Colliers’ Rural & Agribusiness, says buyers are taking a medium to long-term view of the dairy industry and are still keenly contesting quality land.

The growing interest in New Zealand’s rural real estate remains unaffected in the wake of the Fonterra payout to farmers. O’Brien confirms that prices are equal to levels achieved in the past two years reflecting continued confidence in the dairy industry.

Tim Crighton, Colliers’ Executive Director of Rural & Agribusiness Valuation, confirms that dairy sales have not shown any sign of pulling back from the highs of early 2014.

“There is also reasonable confidence in the sheep and beef property market. Drought conditions helped flood the supply chain this summer and consequently farm budgets have had to be revised down. However, there’s no sign of property values pulling back.”

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