NZ dairy farm prices show sharp rise, REINZ figures show

NZ dairy farm prices show sharp rise, REINZ figures show
Edwin Mitson
By Edwin Mitson Sept. 19 (BusinessDesk) - The median price per hectare for a New Zealand dairy farm sales has increased by more than 50 percent on a year ago, Real Estate Institute of New Zealand figures show.  In the three months to the end of August 2016, the median sales price per hectare was $40,469, with 14 properties sold. In the same period a year earlier, the median price was $26,906, with 21 properties sold, a rise of 50.4 percent.   The figures cover the winter period, with REINZ noting that the low level of sales can distort...