NZ farm sales fall 11% in March quarter as mycoplasma bovis keeps farmers nervous

Mon, 23 Apr 2018

By Paul McBeth April 23 (BusinessDesk) - New Zealand farm sales fell 11 percent in the March quarter from a year earlier, as the mycoplasma bovis cattle disease outbreak weighed on purchasing intentions and spanned a period where smaller plots of rural land were captured by the regime to screen foreign buyers. Some 388 farms were sold at a median price of $27,428 per hectare in the three months ended March 31, down from 438 farms at a median price of $27,509/ha in 2017, Real Estate Institute of New Zealand figures show. Fewer dairy and g...

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