Saturday, March 30, 2024

Well placed for investors

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Inchbonnie on the West Coast is as close as you can get to Canterbury for investors to pop over Arthurs Pass, so a 198ha dairy farm for sale at $3.5 million is handily placed.
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It has a manager with three seasons already on the farm who is keen to stay and realise its potential after the makeover last year that has added another 10ha to its milking platform.
Last season before the makeover, the farm milked 360 cows and produced 127,392kg milksolids (MS).
Greg Daly from Greg Daly Real Estate says a new central lane has been put through the farm and paddocks reconfigured to create better flow, while a rough area of land had been cleared of scrub and sown in pasture.
“It’s well set-up now and ready for someone to come in and reap the rewards of the recent hard work. It’s ready to fire.
“The effluent was upgraded two years ago and they put in 30ha of K-line irrigation, so everything is compliant and a new owner won’t have to face any capital expenditure.”
Fifty paddocks divide the farm which sits on river silts and glacial soils, with the central lane leading to the 30-aside dairy with its new meal feeding system and molasses feeding, and a new extended 450-cow yard. A range of farm support buildings includes a four-bay implement-workshop, a woolshed-hayshed, a three-bay hayshed used for calves and a fertiliser bin with a roll-off roof.
In the past few years the vendor has leased 36ha of neighbouring land across the road, mainly for wintering stock, and Daly says the leases will be available for a new owner, with the possibility of including the extra land with the milking platform.
“Over the years they’ve cropped them and tidied them up so you could milk more cows if you wanted.”
Calves stay on the milking platform until May, while most of the cows head off in mid-June and the remaining 140 cows and 60 yearlings are wintered on the farm. About 500 tonnes drymatter (DM) of silage is usually made on the milking platform and last year 200 bales of balage and 50t DM silage was made. Thirty tonnes of grain was bought-in last season and fed in the dairy.
The farm has been staffed for eight years and the manager lives in a three-bedroom home set in landscaped grounds.
“It’s only two-and-a-quarter hours from Christchurch airport over Arthur’s Pass to Inchbonnie, so it’s seen as a desirable location for Canterbury investors. This one doesn’t need any capital expenditure, so it’s just about farming it now.”
Included in the sale price of $3.5 million are 127,392 Westland Milk Products shares. About 300 mixed-age cows, 90 R2 heifers and 90 R1 heifers are for sale at valuation.

For further information contact Daly on 0274 783 594.

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