Farms sell on lower interest

Dairy farms in the Waikato spring market are selling but there is less competition and small price reductions, Bayleys country manager Mark Dawe says.

Kiwifruit orchard is not a lemon

A record price was paid at auction for a Te Puke kiwifruit orchard when strong bidding pushed the six hectare block past $6 million.

The orchard on No 4 Rd, long recognised as a premium growing spot, has 5.03 canopy hectares of SunGold and sold for $6.135m at $1.18m a hectare.