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New Zealand Dairy Farm Values Keep Rising

Thursday, 16 October 2014 at 11:47am

Waibury Farm New Zealand

The latest Real Estate Institute of New Zealand figures released this month show that Dairy Farm prices in New Zealand have risen despite the recent slow down with dairy prices and the Global Dairy Trade. 

Figures show that farm values appreciated in value by 3.9% in the July to September period and that year on year values were 25% higher last month.  The median price per hectare for all farms sold in the three months to September 2014 was $26,000 compared to $22,851 recorded for three months ended September 2013.  

Meanwhile, international dairy prices showed signs of levelling off today with the GlobalDairyTrade price index gaining 1.4 per cent at the fortnightly auction.  Wholemilk powder sold for US$2503 a tonne, up 3.1 per cent from the last auction early this month, and the first price rise since June.

Prices have been falling since February due to a variety of factors, including a build-up of inventory in China, the effects of a ban by Russia on the importation of some food groups from western countries, and increased production both in New Zealand and around the world.