[29 October/The Country]

Farm sales have decreased by more than 7 percent, and dairy farm prices had fallen but more than 18 percent per hectare over the last year. Total farm sales for September were 1460 farms, which was 12.4 percent lower than last year. The median price per hectare was $30,876 compared to $37,187 last year. Real Estate Institute of New Zealand Rural Spokesman, Brian Peacocke, said dairying’s median priced had decreased 18 percent over the last year. Five out of 14 regions across the country recorded increases for the quarter to September. He added the early spring of 2018 had been one of the best for a number of years to date. He noted while most farmers were enjoying mild temperatures and contractors were busy with silage and crop planting, cautious operators would maintain a close watch on rainfall.