- Fewer farms are changing hands, with dairy farm sales taking the biggest hit.
For the three months ending April, 407 farms were sold – 78 fewer than the same period last year, the latest figures Real Estate Institute of New Zealand (REINZ) figures show.
This takes the yearly farm sales figure to 1730 for the 12 months ending April – 3.8 per cent down year-on-year, including 22 per cent less dairy farm sales.
“As autumn colours signal the winding down of the growing season, so are sales volumes easing as the market heads toward the dormant months of winter,” REINZ rural spokesman Brian Peacocke said.
* National farm sales drop in tough year
* Dairy farm sales fall but horticulture rise
* Dairy farm prices and sales take a hit since a year ago
* Rural farm land sales fell overall in 2015