Farm sales volume drop as winter bites while prices gain on upbeat mood

Tue, 15 Aug 2017

By Tina Morrison Aug. 16 (BusinessDesk) - Fewer farms were sold in the three months through July as difficult winter conditions dented activity, although prices lifted due to improved farmer confidence, the Real Estate Institute said. Across the country, 392 farms were sold in the three months ended July, down from 459 farm sales in the three months to June, and 468 farm sales for the same period a year earlier, REINZ said. The median price per hectare increased to $27,158 in the latest period, up 4.5 percent from the three months to June...

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