Farm sales

Agricultural sales down across the market

There were 36 fewer farm sales for the three months ending February 2022 than for the same period in 2021, according to data released by the Real Estate Institute of New Zealand (REINZ).

Overall, there were 426 on-farm sales in the quarter ended February 2022, compared to 498 on-farm sales for the quarter ended in January 2022, down 12.4%, and 472 on-farm sales. closed for the quarter ended February 2021.

A total of 1,760 farms were sold in the year to February 2022, 148 more than those sold in the year to February 2021.

The median price per hectare for all farms sold in the three months to February 2022 was $30,130.

The REINZ All Farm Price Index increased 0.3% in the three months ending February 2022 compared to the three months ending January 2022.

The REINZ All Farm Price Index takes into account differences in size, location and type of farm, unlike the median price per hectare, which does not take these factors into account.

“Interesting times continue in the farming community, with the distractions of Covid, Delta, Omicron and the war in Ukraine offset by high commodity prices, with the dairy sector taking center stage as a record milk price unfolds. announcement,” REINZ rural spokesperson Brian Peacocke said.

“The always variable climatic conditions continue to be a particular challenge in the current agricultural season,” he concludes.