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September Dairy Farming Update

Wednesday, 30 September 2015 at 12:08pm

Most farms have wintered well over July and August , and have reached their pre-calving condition score targets comfortably.  Planning is now underway for next year’s winter grazing.

Dairy prices have rebounded over the last few weeks.  The average price achieved at the latest auction for all products was $2226 per metric tonne, which on an unadjusted basis gave a rise of nearly 12.8% from the $1974/MT at the last auction. The GDT Index was up 10.9%.

Whole milk powder (WMP) prices climbed back above the $2000MT mark, with a 12% gain to $2078.  Hopefully they will keep moving in the right direction.

Despite a recent downturn in milk prices dairy farm prices are holding their own, as was highlighted in a recent article in the New Zealand Herald.

According to the article there was no difference in what buyers were willing to pay and investors are still looking at dairy farms as a long-term investment.

Figures from the Real Estate Institute of New Zealand show in 2013, 18 dairy farms sold in the Bay of Plenty for a sale price median of $3,325,000 compared to 18 in 2014, that had a sale price median of $3,625,000.

Read the full article here - http://m.nzherald.co.nz/bay-of-plenty-times/rural/news/article.cfm?c_id=1503348&objectid=11507384