Feds wary of expensive dairy as NZ farm prices, sales climb in December

Thu, 23 Jan 2014

By Suze Metherell Jan. 24 (BusinessDesk) – Lobby group Federated Farmers fears dairy farms have become too expensive as the latest figures show sale prices and volumes remained strong in December. The median dairy farm sale price climbed 11 percent to $38,267 per hectare in the three months ended Dec. 31 from the same period a year earlier, with a median farm size at 112 hectares, according to the Real Estate Institute. That compared to a median price of $24,163 per hectare for all farms. The volume of dairy farm sales almost doubled in t...

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