Agency picks good farm-selling season

Older sheep and beef farmers might see the next few months as an ideal time to sell their farms, rural real estate agency PGG Wrightson says in a spring outlook.

High lamb prices, a firm beef schedule, weakening currency and very low interest rates are all pointers to a positive outlook that could spur buyers into action, the firm’s real estate general manager Peter Newbold said.

Farm prices down 21.6%

Median farm prices fell sharply year-on-year to the end of July but the overall index is firmer after taking farm types, sizes and location into account.