9.3% decline in NZ farm sales for May 2024 across dairy, grazing, and finishing farms, with arable sales increasing.
New Zealand's Real Estate Institute reports a 9.3% decline in farm sales for the three months ended May 2024, with 25 fewer farm sales than in 2023, totaling 243 sales. This decline is observed across various farm types, including dairy (-26.3%), dairy support (-24.2%), grazing (-33.7%), and finishing farms (-17.2%). Arable farm sales increased by 14.3%. The median price per hectare fell 2.8% to $26,915.
June 27, 2024
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