Farm sales number fall, prices up

Farm sales are well down in number but prices are generally higher over the last year.

Indications are higher-quality farms are changing hands while second and third tier properties are struggling to sell, so fewer sales but at higher prices.

Number of farm sales keeps falling

Latest farm sale statistics show a mixed pricing trend heading into winter.

The overall median price for the three months to the end of May was well down on a year earlier but the Real Estate Institute’s all-farm index is marginally positive.

Dairy, finishing farm sales fall

Farm sales around the country continued to fall for the three months to April 30 with dairy and finishing farms the worst affected.

Farm sales fell from 418 to 362, a drop of 56 or 13.4% compared to the corresponding period last year, Real Estate Institute figures show.