Property Express Autumn 2024

DAIRY RISE SET TO PROPEL

RURAL PROPERTY MARKET UPSWING

A favourable growing season across much of the country has been good news for most who derive their livelihood from primary production. Commodity prices however paint a less consistent picture, with some sectors doing better than others.

One of those on the plus side is dairy, where a positive payout trend has steadily improved prospects for farmers. Enthusiasm in the dairy industry is now higher than it has been for the past few years. We are seeing greater interest in any dairy property we list, which is encouraging. This is a trend that has improved over the last few months and is set to build further as the year progresses.

Feedback from our team in the field indicates buyers and investors once again regard the future of dairy as a positive one, compared to a couple of years ago, when sentiment was much more pessimistic.

With red meat schedules at low levels, sheep and beef properties have yet to experience similar interest. Property values in this sector need to reset before the market will resume.

Horticulture is more positive, with more properties poised to come on the autumn market. We should see more activity: signals for growers and orchardists are much brighter than they were 12 or 18 months ago.

In general an upward change in sentiment is palpable. Out in the field it’s apparent that people are feeling more enthusiastic.

If you think of towns like Timaru, Feilding or Cambridge, which are strongly supported by rural New Zealand, the vibe is positive, which is a sign of better things to come.

If the rural property market is in the recovery process, that will create plenty of opportunities.

Members of our sales team throughout the country have been busy since the start of the year, with inquiry from prospective purchasers and action from aspiring vendors. Activity is growing. As you can see in this edition of Property Express, we have plenty of excellent listings awaiting your inspection.

Despite the market having been soft in the recent past, vendors are deciding now is the time to make decisions and move ahead with their lives, resulting in a slate of autumn listings that is strong in quality and rising in quantity.

Due to our nationwide network, our salespeople are uniquely placed to find buyers well beyond where you might expect.

For those seeking a particular property type or motivated to shift to a different region, PGG Wrightson Real Estate should be your first call. We understand and are set up to deliver on the property goals of people throughout the primary production sector.

Whether you are motivated to buy or sell rural property, a PGG Wrightson salesperson is nearby, ready to assist. We look forward to hearing from you.

PETER NEWBOLD General Manager

PGG Wrightson Real Estate Limited

PETER NEWBOLD TALKS TO US ABOUT...

HELPING GROW THE COUNTRY

PGG Wrightson Real Estate Limited is a nationwide real estate company assisting clients throughout the country and across the globe to buy and sell New Zealand property. We are a national network of experienced, local real estate agents who have been connecting people with property across the country, for generations.

With 17 regional offices plus an additional 40 offices covering every region of New Zealand, our 16 managers and over 170 sales specialists span the country ready to work together with you to exceed your best outcome.

As an organisation, our mission is to help grow the country – helping farmers and growers to become successful. Ultimately, our ability to do this comes down to the products and services that we provide and, in particular, the capability and integrity of our people. While we are a big company, we value the importance of the local touch and encourage our people to bring fresh thinking to “go the extra mile” to help our clients succeed.

A NETWORK THAT REALLY WORKS

When you deal with us you are dealing with one company and one team, not a group of franchised operators and offices. This means you get access to our national network, with salespeople covering the entire country, who really do work together to achieve the best possible outcome for you.

AN OUTSTANDING BRAND

The PGG Wrightson Real Estate brand stands out from all the others – signifying trust, integrity and remarkable results.

SPECIALIST KNOWLEDGE AND WORLD-CLASS SERVICE

Our experienced, specialist staff will go out of their way to ensure your property objectives are met, delivering the very best service for your entire real estate experience, whether your property choice is urban, lifestyle or rural.

PEOPLE FOCUSED

Our clients and our staff mean everything to us. This is our company’s hallmark and we are proud of it. Our clients are the core, the heart of our business, and the very reason for our success. Our staff are among the best and most accomplished in the real estate industry. Together, they have made us who we are today and we recognise their importance in every aspect of our business.

UNBEATABLE TRACK RECORD

We aim to be the best in what we do and we have been focused on achieving this since our business was founded more than 170 years ago. Added to this is a genuine desire to make the process of buying and selling property an exciting and seamless experience for everyone.

MARKET SNAPSHOTS

NORTHLAND

Excellent summer weather with strong productivity was good news for Northland farmers, though had little impact on the rural property market as, despite showing some interest, buyers and sellers lacked urgency. That may change in the dairy sector before it does for sheep and cattle farms. Recent transactions, of a 189 hectare Dargaville property producing up to 137,600 kilograms of milk solids per annum that sold at $28,000 per hectare; and a 231 hectare Pukekohe coastal dairy run off property that sold for $2.85 million, might indicate greater activity ahead, at least where dairy farms are concerned. Meanwhile the scheduled April listing of a property of approximately 430 hectares north of Kerikeri, subdivided to enable the establishment of a select number of spectacular coastal blocks, promises to be the most significant Far North real estate offering for many years.

WAIKATO AND KING COUNTRY

Heading into autumn all the main Waikato and King Country farming sectors remain cautious. However, well maintained property in favoured locations across all rural land use types will attract attention through the next few months, with particular focus likely to come onto dairy. With the rural property cycle essentially at a low point, buyers can assume that those farms listed for sale are offered with genuine intent. Any vendor is surely realistic regarding these conditions and very much in the market to sell. For those with sufficient resource, this is therefore an excellent time to buy. Noteworthy autumn listings include a 504 hectare self-contained Mapiu dairy farm producing up to 175,000 kilograms of milk solids, also incorporating a large beef finishing unit, while some high quality King Country sheep and beef properties are also set to list.

BAY OF PLENTY

While confidence in horticulture has been at a low point in the cycle, market activity in kiwifruit and avocado orchards, which dominates the Bay of Plenty rural property sector, has been flat. However, that seems set to change as growers have adjusted to the current market reality, bringing buyers’ and sellers’ value expectations into closer alignment. A highly regarded 3.78 hectare Omanawa kiwifruit orchard, including 1.58 canopy hectares in established G3 vines, is attracting attention, and if transacted could be the property that signals a market resumption. Among other land use types for sale in the region, as elsewhere well-presented dairy farms in optimal localities will attract premium prices. Among other farm types there should be sufficient autumn listings to satisfy buyer demand, and with most vendors genuinely motivated to sell, those buyers positioned well stand to pick-up some excellent properties.

LOWER NORTH ISLAND

While low confidence, uninspiring returns, and difficulty obtaining finance has held back the recent market for Taranaki, Whanganui, Wairarapa, Manawatu and Horowhenua sheep and beef farms, a renewed appetite for dairy is a bright spot, particularly motivated by the elevated payout. Through the autumn and winter the rural property market should slowly start to reassert momentum, particularly if interest rates fall or red meat schedules lift. Several vendors and potential vendors are ready to sell. While they need to remember that prices are no longer at the peaks they were at two or three years ago, good farms with scale are still selling at a premium. Others are holding off, waiting for the market to turn back in their favour. Buyers have the luxury of a range of properties to select from, so are generally taking a more discerning approach.

HAWKE’S BAY

A positive Hawke’s Bay growing season for both horticulturalists and grass farmers is reinvigorating those sectors. Cash crops are yielding well and abundant feed is enabling farmers to put additional weight onto sheep and cattle, also promoting good animal health. Although purchasers motivated for Hawke’s Bay forestry opportunities have been reticent recently, Lucky Hill Farm, a 524 hectare Glengarry property offered for sale in February may persuade them to refocus interest, albeit below where values sat two or three years ago. Of a similar size, Riverview Farm west of Dannevirke changed hands shortly prior to Christmas. Meanwhile, now 12 months on from Cyclone Gabrielle, the region’s orchardists are more focused on maximising production from repaired properties than on transacting them. Interest rate and commodity price trends may lift market activity in the region later in the year.

TASMAN

Exceedingly dry summer conditions in the top of the South Island, added to uncertainty over product prices, resulted in a slow start to the year for the region’s rural property market. Viticulture dominates the sector in Marlborough, where with low yields this year and an overhang of supply remaining from the 2023 grape harvest, caution prevails, including around any potential vineyard transactions. In this and other Tasman region rural property sectors, recent sales have generally been to neighbours absorbing smaller holdings, taking the opportunity to buy handy blocks and therefore achieve economies of scale. Price levels for these transactions are holding steady. One notable sale in the tightly held Kaikoura rural property market saw a 57 hectare irrigated dairy run off block, held the same family for over 80 years, sell prior to Christmas for $2.6 million.

CANTERBURY

In common with other regions the dairy sector is leading the re-emergence of the Canterbury rural property market, while activity around sheep and beef farms is yet to spark. Among several North Canterbury properties changing hands recently, Spring Grove Farm, Oxford, a 315 hectare irrigated dairy support and finishing property sold in November, while Keirunga, a 128 hectare Waiau cattle and lamb finishing farm sold in late winter. One of the Waimakariri District’s most coveted properties, Hayland, a 582 hectare Okuku pastoral farm boasting location, productivity and infrastructure, set up to support a wide range of farming options, and listed for sale in January should also sell favourably. Subject to commodity pricing and interest rates, a more general turnaround in the region’s market for sheep and beef property may occur later in the winter or sometime in spring.

WEST COAST

A small selection of West Coast dairy farms sold in the summer. With generally positive sentiment concerning the outlook for dairy, and regional processor Westland Milk appearing more secure than over the last few years, including presenting some encouraging long-term plans, West Coast farmers have grounds for optimism. However, that has yet to fully play out in the rural property market. With many farmers motivated to sell, and plenty of properties listed for sale, supply outweighs demand, and buyers have a wide choice. Since the West Coast is traditionally a good market for those seeking to take their first step into dairy farm ownership, as and when a more activity resumes, the number of young farmers prepared to take up such opportunities will be an interesting gauge of broader enthusiasm for the dairy sector.

MID AND SOUTH CANTERBURY AND NORTH OTAGO

Several high quality tier one Mid and South Canterbury dairy farms will come to the market in the coming months. Demand for these will likely be steady. Although several buyers are active, they are taking a patient approach and willing to wait for the appropriate deal that best meets their objectives. Meanwhile, due diligence on all transactions has risen to a higher level than ever as caution abounds. Recent rural sales in the region include a 106 hectare Glenavy dairy farm, which sold for $48,000 per hectare, and a 147 hectare Papakaio dairy support property. Both presented cost-effective irrigation water. As elsewhere in the country, the market for Mid and South Canterbury and North Otago sheep and beef land is more subdued than for dairy, with buyers requiring increasing proportions of equity to be able to prepare a convincing business case for financiers.

OTAGO

Several significant Otago farms are for sale, ranging from 500 stock units up. One of the region’s most admired, Elgin an 1181 hectare West Otago sheep and cattle property carrying 10,500 stock units is offered for the first time since 1955. Meanwhile, Moir Farm, Hillend, a 407 hectare South Otago property milking 985 cows and on target for 400,000 kilograms of milk solids; and a well located 104 hectare Inch Clutha dairy unit targeting 130,000 kilograms of milk solids will both attract attention. Two notable high country properties, 13,177 hectare Northburn Station on the shores of Lake Dunstan, and 11,400 hectare Matangi Station, bounding Alexandra, both listed in the spring are both generating plenty of interest. While low returns are hindering enthusiasm for sheep and beef farms, these are highly rated properties likely to find buyers in the coming months.

SOUTHLAND

Boosted by a stellar growth season, where farmers have been able to carry over supplement from last winter, and supported further by the positive payout trend, prospects in the dairy sector have steadily improved, which has increased interest in the market for existing Southland dairy farms and run off blocks. Two Woodlands district dairy farms, of 163 hectares and 156 hectares, sold recently at $39,500 and $42,000 per hectare, while a similar sized property in the same locality is attracting plenty of enthusiasm. Meanwhile, for sheep and beef farms, the absence of forestry buyers has reduced competition, requiring vendors to re-evaluate their price expectations. One outstanding recent listing is 440 hectare Hyde Holme, farming cattle, sheep and deer, plus 80 hectares leased for grain, situated alongside exceptional fishing from the Dome Burn River in the popular Waikaia district.

CONNECTIONS DELIVER SUCCESSFUL OUTCOME FOR TWO FAMILIES

PGG Wrightson Real Estate’s nationwide network recently achieved an outstanding result for two dairy farming families at opposite ends of the country.

Steve Roubos started in dairy straight out of school in the early 1970s. After coming up through the share milking ranks he has farmed at Waiuku since 1988 on what he and wife Janine have developed into a 161 hectare property that in the 2022/23 season produced 155,000 kilograms of milk solids from a 400 cow herd. With the next generation starting to make their mark, son Matthew and partner Shanna, plus younger son Leon, the family decided they would be better placed to expand in a different locality.

“We wanted to be further away from the city. Looking at the rest of the country, we could see localities with better conditions to grow grass,” says Steve.

They opted for Southland. Kane Needham of PGG Wrightson Real Estate Pukekohe had more than 10 year working relationship with Steve, dating back to Kane’s previous role as a livestock representative.

“When you work alongside someone as long as that, you

understand their strengths and capability. When Kane began marketing rural property, I told him if we were ever to buy or sell, we would enjoy working with him again. Once we decided that we wanted to move, we met up with Kane and told him about our plans,” says Steve.

As a buyer’s agent for the Roubos family, Kane contacted his southern colleague, Andrew Patterson of PGG Wrightson Real Estate, Invercargill, who was marketing a dairy property that fitted Steve and Janine’s criteria: a 156 hectare farm where 460 cows are producing 210,000 kilograms of milk solids per annum through a 40 bail rotary dairy shed 21 kilometres east of Invercargill.

Andrew had listed the property due to another long standing relationship, via another colleague, Paul Thomson of PGG Wrightson Real Estate, Otago.

Paul had known Andrew’s Woodlands vendors Rob and Karen Duthie from his days as a livestock agent. He began dealing with Karen originally from the Waikato and Rob from Southland when they moved from the North Island in 1995 to become 50-50 sharemilkers on a 400 cow farm at Popotunoa, near Clinton, South Otago. First the Duthies moved as sharemilkers

to a larger farm at Warepa, then in 2001 they were ready to step up to farm ownership. Paul sold their herd so they could use the equity to buy their first farm, in Taieri. Paul continued to do the Duthies’ livestock business until they moved on to a Southland farm in January 2005, subsequently remaining in touch as they expanded their business to the Woodlands property, which they continued to farm successfully for the following 19 years.

“When they decided they had achieved the goals they had set for their family in dairying and were ready to take the next step in their lives, Rob and Karen contacted me. We know each other well from working closely together when they were establishing themselves, and they wanted my advice on how best to sell

their farm. I introduced them to Andrew as the best person locally, and the two of us jointly listed the Woodlands farm,” says Paul.

Shortly after, making full use of the PGG Wrightson Real Estate nationwide network, Kane picked up the phone to Andrew, and between them they organised a trip south for Steve and Janine Roubos to look at Rob and Karen’s farm.

They struck a deal, as a result of which ten members of the Roubos family across three generations, along with the herd they have had since 1988, are set to move south to start their new life in Woodlands on 1 June 2024.

For Rob and Karen Duthie, the sale has been an excellent outcome.

Paul, Andrew and Kane worked promptly and efficiently together via the PGG Wrightson network to find buyers well beyond where we might have expected. As they understood our future goals, they helped make the transaction a straightforward, hassle free process for us,

Meanwhile, Steve and Janine are also delighted.

“Once we made up our minds to move, we were able to drive it quickly. Kane has been really good, helping smooth the way, we can call Andrew anytime, and we have been down there four times so far to make necessary arrangements. We anticipate our cows will do well in Southland, and expect to increase production on what we have done in Waiuku by 60,000 to 70,000 kilograms of milk solids. When we are fully shifted south, we aim to build a new house on the farm,” they say.

PAUL THOMSON

Rural & Lifestyle Sales Consultant 027 435 3936

ANDREW PATTERSON Southland Real Estate Manager/ Rural Sales Consultant 027 434 7636

KANE NEEDHAM

Rural & Lifestyle Sales Consultant 027 336 8709

OUTSTANDING RURAL PROPERTY TO TRANSFORM INTO COASTAL SUBDIVISION

An exceptional Northland rural property, subdivided to enable the establishment of a select number of spectacular coastal blocks, will be listed for sale later in the autumn in what promises to be the most significant Far North real estate offering for many years.

John Duder, Northland Sales Manager for PGG Wrightson Real Estate and his team are marketing the farm. John says its subdivision several decades ago has set up a unique development opportunity.

“Having owned it since the mid 20th century, since when it has been a mixed use family farm, our vendors had the foresight to subdivide. Now the time has come to part with it, that decision presents new owners the chance to take the property in a new and exciting direction.

“Approximately 100 hectares of the holding comprises a complement of coastal and beach titles, all of at least four hectares and all with viable building sites. On this part of the property, which extends along several kilometres of ocean and

bay frontage, the scene is now set for what will become one of Northland’s most highly prized coastal settlements.

“These are titles that tick all the most coveted boxes: bay or ocean views, beach access, seclusion, and proximity to boating facilities within easy reach of outstanding fishing and diving. Once developed these are properties that will provide a beguiling and coveted lifestyle that their owners will seek to pass down through the generations,” he says.

John Duder says the property’s unique character and multiple lots presents numerous options for sale.

“Initially we will seek expressions of interest via a tender process. While finding a single purchaser would be a good outcome, with so many separate titles the property presents plenty of alternatives. Our vendors have had this scenario in mind for many years. We want to see how the market reacts to such a unique offer, and will assess responses before deciding how to proceed,” he says.

North of Kerikeri and a few kilometres from the internationally ranked Kauri Cliffs golf course, previously the land has been in various uses, including pine plantation, native bush and pasture. Aside from the smaller coastal blocks, the offering includes several larger farm titles, all offering exceptional building sites with coastal views.

“Although never outstandingly prosperous, this property has some good productive country and was purchased to farm, though with one astute eye on the long-term, in the firm belief that while back then it was deemed as marginal land, Far North coastal property would eventually escalate in value.

“The time has now arrived to sell, and while in the best possible world the vendor would opt to keep farming, economically the property now has much greater value as a coastal subdivision, providing others with the opportunity to take advantage and create an outstanding lifestyle option of a standard that will be widely coveted,” says John Duder.

More details on this property listing will be available in early April.

JOHN

ANDREW

027

022

WAIMATENORTH,NORTHLAND

748 Waimate North Road

Quality Fattening/Support Block

A very well presented 101.91 hectare block with an excellent central location and very good contour. All the infrastructure is in great condition and the drainage and fertility levels have been hugely improved. The vast majority of the grazing land could be either mown or cropped and the substrate in the quarry is excellent for dressing races, so it would make an awesome support block. The property adjoins the Waitangi River so plenty of stock water and good for an occasional dip.

Good sized blocks like this, handy to Kerikeri, are not easy to find and this is a very versatile piece of farmland.

027 254 4784

aludbrook@pggwrightson.co.nz

$1.95M Plus GST (if any)

pggwre.co.nz/KER39052

ANDREW LUDBROOK

WHEKIVALLEY,NORTHLAND

2395 State Highway 14

Lifestyle Farming in Such a Desirable Location

The total holding for the property is 100.3387 hectares, consisting of three titles with a very nice modern four bedroom home and great farm infrastructure. Currently farmed as a beef breeding and rearing block, the property is well managed and shows very well.

Approximately 60 paddocks with troughs in every paddock. Good strong soil types and a healthy mix of clover, rye and managed kikuyu. Water for the farm is sourced from a creek on the boundary. A very good supply of water. A nice farm that will be appreciated by any new purchasers.

Give Tracey or Dennis a call to inspect.

022 312 7704

dennis.wallace@pggwrightson.co.nz

027 489 4996

tracey.parrish@pggwrightson.co.nz

pggwre.co.nz/WHG38897

DENNIS WALLACE

TRACEY PARRISH

TANGOWAHINE,NORTHLAND

79 Avoca East Road

Expansive Rural Property with Low Imputs

202 hectares, five-bedroom brick home, open plan kitchen, dining, and living areas flow to deck, perfect for entertaining. Three bathrooms and internal double garaging. A feature is the fifth bedroom, complete with bathroom.

For the horse lovers, an American-style barn, featuring stables, a wash area, and tack room. The horse arena helps with equestrian pursuits. A 12 x 14 workshop featuring concrete flooring and power, a three-bay implement shed. Old woolshed used for calf rearing. 240 head of Friesian bulls and cattle, plus Hereford cows, calves at foot and heifers. Ring to view now.

pggwre.co.nz/DAG39199

MEGAN BROWNING

TANGITERORIA,NORTHLAND

3688 State Highway 14

Productive Beef Unit

326 hectare beef and sheep farm, steeped in family history, now ready to embrace a new generation. Ranging from flat to undulating contour, some steeper hill. The farm has clean pastures, strong soil types. Water flows via a stream then pumped to tanks. Dams used as backup. The selling pavilion hosts the annual Arahou Herefords pedigree beef bull sale. Hay barns, implement sheds, and cattle yards.

MEGAN BROWNING

027 668 8468

mbrowning@pggwrightson.co.nz

021 999 591

4

Plus GST (if any)

17 | PROPERTY EXPRESS

bbanicevich@pggwrightson.co.nz

BAYLYSBEACH,NORTHLAND

409 Baylys Basin Road

A Trophy Coastal Paradise

Nestled along the rugged west coast lies a coastal paradise like no other. 235 hectares of pristine land, offering a truly unique and breathtaking experience. The landscape is a blend of rolling hills, lush green pastures, creating a picturesque backdrop. But it's not just the natural beauty that makes this property stand out. It is also a well-established farm, with a three bedroom home, and great infrastructure. This is truly a once-in-a-lifetime opportunity that should not be missed. Whether you are looking for a place to call home, or a lucrative investment opportunity, this property has it all.

027

RON GRBIN

RUAWAI,NORTHLAND

258 Greenhill Road

Sheep and Beef Farming Opportunity

Greenhill Stud is a historic property owned by the same family for over 100 years. Spanning over 400 hectares in seven titles with stands of beautiful mature native bush, the property is well-equipped with up-to-date infrastructure. The property has a three bedroom homestead with established grounds and gardens that add to its charm and character. In addition, there is a two bedroom self-contained unit, providing additional accommodation. It is truly a place where one can escape the hustle and bustle of city life and enjoy the peacefulness of rural living. Greenhill Stud is a rare gem not to be missed.

027 471

rgrbin@pggwrightson.co.nz

022 312 7704

dennis.wallace@pggwrightson.co.nz

pggwre.co.nz/DAG37386

RON GRBIN

DENNIS WALLACE

WELLSFORD,AUCKLAND

133 Ingleton Road

Large Block with Title Opportunities

Discover a prime opportunity minutes from the town of Wellsford with this expansive 93 hectare (231 acre) grazing property. Council 224C has been issued, meaning two new additional titles are approved and ready to go! Divided into approximately 20 paddocks, this large block is ideal for your livestock. The property boasts a well-maintained three bedroom home with new decks, offering distant views of the harbour. Additionally, there are older support buildings, including calf sheds and a working six-bay walk through cowshed. Throughout the property, you'll enjoy more harbour views, creating a serene backdrop for your rural lifestyle.

teamscott.tapp@pggwrightson.co.nz

3 1 1 $1.75M Plus GST (if any)

pggwre.co.nz/WEL38723

SCOTT TAPP

TAPORA,AUCKLAND

711 Okahukura Road

Rare Land in Developing Horticulture Haven

Located in fast growing Tapora is this impressive 40ha bare block, predominantly consisting of free draining sandy loam soil type, and flat to easy rolling contour, this block is currently used as beef grazing by retiring vendors.

The property is adjacent to existing Avocado orchards and the highly acclaimed and recently renovated Tapora Golf course and is located in the greater Auckland region.

Existing water consent available for future irrigation options.

021

teamscott.tapp@pggwrightson.co.nz

$1.35M

Plus GST (if any)

pggwre.co.nz/WEL37976

SCOTT TAPP

TAPORA,AUCKLAND

788 Burma Road

Irrigated Beauty

Whether you're looking for dairy, grazing, or a combination of both, this impressive irrigated unit is well set up with a significantly upgraded home, fully compliant 20 aside dairy shed with in-shed feeding, high quality deep water supply, and huge irrigation lake. The 80.5ha is almost all gentle rolling pasture, well fenced and raced and also incorporates the approximate 7ha picturesque lake. There are various support sheds including large barns and a modern four bay calf shed. The home has recently had new cladding, new carpet and flooring, new joinery, modern kitchen and large decking areas. The views are expansive over the lake and farm.

021 418

teamscott.tapp@pggwrightson.co.nz

4 1

$2.195M Plus GST (if any)

pggwre.co.nz/WEL37504

SCOTT TAPP

HUNUA,AUCKLAND

125 Wilson Road

Hidden Gem

Tucked away at the base of the Hunua ranges, this 73 hectare grazing/dairy support farm features everything the picturesque location has to offer. With its flat contour, easing to rolling up to the edge of the bush clad Hunua ranges and stream.

The property is well setup with central raceways, cattle yards, quality fencing and multiple shedding options. The farm is subdivided into 17 paddocks that can be grazed, with 10 suitable for cropping. The farm would ideally suit multiple industries such as dairy support or equestrian. There are several locations to build your new home on if required. Size gives it scope.

027 704 6833

mneedham@pggwrightson.co.nz

027 336 8709

kane.needham@pggwrightson.co.nz

Price by Negotiation

Plus GST (if any)

pggwre.co.nz/PUK38428

Video Available

MARK NEEDHAM

KANE NEEDHAM

WAIUKU,AUCKLAND

1047 Awhitu Road

Vendors Have Brought - Instructed to Sell

Dairy farms of this quality and size located close to Auckland are few and far between. This 161ha farm has been farmed with pride by the owners for over 30 years.

Infrastructure includes five bedroom home with four bay shed, two bedroom cottage, 30 aside herringbone shed, inline feed system, rubber matting, multiple silage pits, calf rearing facilities, and large implement shed. Currently milking 400 cows, across the property with well subdivided paddocks via well maintained raceways, with a good standard of fencing throughout.

With views over the Manukau Harbour, this dairy farm is well worth looking over.

027 336 8709

kane.needham@pggwrightson.co.nz

027 704 6833

mneedham@pggwrightson.co.nz

Price by Negotiation Plus GST (if any)

pggwre.co.nz/PUK38389

Video Available

KANE NEEDHAM

MARK NEEDHAM

MANGATAWHIRI,AUCKLAND

228 Mangatawhiri Road

2.27ha With Potential

Rural property with commercial warehouse development plus room for expansion.

Location does count when it come to a 2.27 hectare site with a 952.51m² steel portal shed constructed with colorsteel and bondor cladding along with colorsteel roofing. Only minutes from both State Highway 1 and 2 is 228 Mangatawhiri Road.

Currently leased to a stock feed company as a distribution hub. Potentially the site could accommodate additional facilities and would suit several rural related industries.

027 704

mneedham@pggwrightson.co.nz

027 336 8709

kane.needham@pggwrightson.co.nz

Auction

Plus GST (if any)

(Unless Sold Prior)

12.00pm, Thursday 14 March BNZ Pukekohe

Partners Centre - 10 Massey Ave, Pukekohe pggwre.co.nz/PUK38935

MARK NEEDHAM

KANE NEEDHAM

MERCER,WAIKATO

142 Oram Road

Cropping, Dairy Support, Finishing

Just one kilometre off the southern motorway between Meremere and Mercer is this 107.4526 hectares (more or less) parcel of land in two titles. The contour is predominantly flat with a good raceway. Excellent river silt soil type currently used for growing grain maize, with uncropped land utilised by finishing lambs and cattle. Previous owner used to grow squash and watermelons on this property. There is a small area of nine year old pine trees.

This property presents a great opportunity to a wide range of farming activities.

ADRIAN VAN MIL

027

Tender

Plus GST (if any) (Unless Sold Prior)

Closes 2.00pm, Wednesday 27 March pggwre.co.nz/PUK38312

PUKEKAWA,AUCKLAND

1173 Churchill Road

Country Living & Grazing

This 136ha grazing and lifestyle property will appeal to many people.

Improvements include, near new spacious four bedroom home with games room, separate lounge, combined dining/lounge area, attached double garage, and covered decking with ranch slider access from lounge and bedrooms. With Solar power supply from the nearby implement shed. There is also a three bedroom plus office, older weatherboard farm home, complemented by an inground swimming pool and rural views. Presently rented for $650 per week.

Other buildings include, woolshed, two implement sheds plus hay barns. Property has excellent cattle yards and mainly traditional fencing.

027

4 2 Price by Negotiation Plus GST (if any)

pggwre.co.nz/PUK38946

Video Available richardwright@pggwrightson.co.nz

RICHARD WRIGHT

WAHAROA,WAIKATO

Waghorn Road

Options to Suit

Located in the Matamata catchment area this prime investment opportunity has two titles comprising of 24.28ha and 38.71ha making up a total of 62.99ha approximately of quality, flat fertile free draining soil. Currently used as a cut and carry operation for the adjoining goat farm owned by NZ's largest dairy goat company.

The options to buy are either as vacant possession or with a lease in place.

The opportunity to invest in an agricultural land package that has a long-term tenant makes this property an ideal land bank opportunity with a return.

027 704 6833

mneedham@pggwrightson.co.nz

027 336 8709

kane.needham@pggwrightson.co.nz

All Offers Considered Plus GST (if any)

pggwre.co.nz/PUK38455

Video Available

MARK NEEDHAM

KANE NEEDHAM

KATIKATI,BAYOFPLENTY

304 and 326 Sharp Road

Allure of the Ocean - Five Options - 58ha

Being sold as a combination of four waterfront lots each with Riparian rights (in five titles).

24ha approximately of ideal low altitude early start horticultural development land.

Balance is high fertility, drained, ideal hay/maize country or future eco enhancement.

Exclusive access to a council reserve, situated at the end of Sharp Road peninsula in the Tauranga harbour, along with a small enclave of amazing lifestyle blocks.

2244

8

Tender

Plus GST (if any)

(Unless Sold Prior)

Closes 3.00pm, Thursday 28 March

pggwre.co.nz/TAR39048

Video Available afowler@pggwrightson.co.nz

KATIKATI HARBOURSIDE PROPERTY POISED FOR IDYLLIC DEVELOPMENT

A 58 hectare harbourside property five kilometres south of Katikati is for sale, presenting a new owner with the opportunity to create a waterfront village surrounded by luscious verdant groves, a new gem in the Bay of Plenty crown.

Andrew Fowler of PGG Wrightson Real Estate, Tauranga is marketing the property, which has a varied farming history.

“Previously a family dairy property, currently running mainly as a drystock pastoral farm, it is free draining, fertile land that would suit horticulture, plus some lower lying summer safe tracts of pasture that would grow great maize crops or could be ecologically enhanced with flooding, boardwalks and planting.

“Highly productive and well managed 40 year old avocados show its capacity to support other crops, and anyone seeking to pursue the potential of Ruby Red kiwifruit will find this property ideal. Its warm, sheltered sea level microclimate

offers all the conditions necessary to support that recently established variety, and have fruit ready for harvest before the main pick G3 crop, therefore available to send in time for the lucrative Japanese Golden Week festival. Orchard gate returns for Ruby Red kiwifruit appear promising and licenses to grow it are not yet too difficult or expensive to come by,” he says.

Alongside the productive potential of the property, Andrew Fowler says the waterfront offers strong prospects for development.

“Subdivision would enable establishment of a small settlement of desirable dwellings with riparian rights along a beautiful beach suitable to launch a boat from. Although zoned rural, there is precedent to create a waterfront village here, possibly even with cafes and boutique accommodation. A cycleway under construction will ultimately run nearby, connecting Waihi to Tauranga City, also enhancing the amenity of any residential development situated here.

WESTERN BAY OF PLENTY

“Proximity to Fairview Golf Course and a nearby council reserve with a beautiful wetland and streams, adds further appeal to what this property could become,” he says.

With some subdivision already undertaken, the property is for sale in four separate blocks under five titles.

“After investigating the full potential of the land and dependent on securing planning permission, in the right hands, with a strong vision and following full due diligence, this could become a highly sought after opportunity of the sort that would support a series of legacy lifestyle properties.

“Imagination is the only constraint,” says Andrew Fowler.

TEPUKE,BAYOFPLENTY

37 Demeter Road

Hayward Green Production Block

37 Demeter Road, Te Puke is a 5.3410 hectare property with 4.5 canopy hectares of mature Hayward green kiwifruit. The vines have strong pergola support structures and solid supporting end assemblies. Sitting at 180 metres above sea level, this orchard has a good track record of solid production.

There is power to the property, a large load-out pad for movement of trucks, along with the property's own deep well bore for its personal water supply.

The property is seriously for sale. Phone or email to receive the full Information Memorandum.

027 223 3366

dmclaren@pggwrightson.co.nz

027 555 0421

karen.mclaren@pggwrightson.co.nz

$2.1M Plus GST (if any)

pggwre.co.nz/TEP38799

DAVID MCLAREN

KAREN MCLAREN

POROPORO,BAYOFPLENTY

110 Station Road

Dairy Support, Graze or Maize

A total area of 84.8272 hectares of flat fertile Rangitaiki Plains grass or cropping land. There is a sizeable four-bay hay barn or implement shed and water is sourced from a bore for stock use.

The pastures are strong, weed-free and have a good fertiliser history in this acknowledged maize growing area. Approxmately 65 hectares are field drained (nova drainage).

Whakatane's CBD is within 8.9km of the farm gate.

Together with its scale, sought after location, fertile agri soils, quality improvements and great climate, 110 Station Road, Poroporo offers the key fundamentals to be a most desirable support, grazing or cropping block.

Price by Negotiation

Plus GST (if any)

pggwre.co.nz/WHK37334

PHIL GOLDSMITH

OPOTIKI,BAYOFPLENTY

309 Otara Road

Potara Orchard Green & Gold Production Block

Potara Orchard at 309 Otara Road has a total land area of 8.2930 hectares and comprises a total canopy area of 6.42 hectares made up of 3.47 hectares of licenced Sungold G3 and 2.95 hectares of Hayward Green.

Buildings and improvements within the property include a three-bay shed of which two bays provide storage and a third bay is partitioned off with a sink, shower and toilet. It, along with the chemical/pump shed, are located near the bore and close to the entrance as you come into the orchard. The irrigation system is automated to work remotely from a cell phone from water supplied from a bore located within the property.

$3.6M

Plus GST (if any)

pggwre.co.nz/WHK37910

PHIL GOLDSMITH

OPOTIKI,BAYOFPLENTY

448 Otara Road East

Small Orchard, Huge Crop

We offer for sale 3.98 hectare total land with 1.96 canopy hectare of Hayward green kiwifruit.

Pergola structures, strong end assemblies, 3.8 metre rows with strip male configeration.

The orchard is in a good location. It has the potential for increased tray count and looks to be carrying a great crop for 2024.

Flat contour, irrigated and a great water supply. This is truly an excellent opportunity to purchase a very affordable orchard.

Viewing by appointment.

027 223 3366

dmclaren@pggwrightson.co.nz

027 555 0421

karen.mclaren@pggwrightson.co.nz

$800,000 Plus GST (if any)

pggwre.co.nz/TEP38971

DAVID MCLAREN

KAREN MCLAREN

WAINUI,BAYOFPLENTY

560 Stanley Road

Attractive 67ha Bare Land Grazing - Ohope

Dutifully farmed for many years as a grazing support property and with a balanced mix of contour of which is mostly flat to easy rolling with a little steeper hill in pasture featuring attractive Kanuka and other native woodlot pockets, this property will appeal with its 67.72 hectares in two titles.

Its sheltered private location will appeal if you are looking and wanting to develop a special property with the nature and natural attributes offered here so close to Ohope Beach. Bounding the Taneatua forest there is lots of privacy, and with an expansive elevated building site available that overlooks the entire property.

$1.5M Plus GST (if any)

pggwre.co.nz/WHK34972

PHIL GOLDSMITH

WAITOA,WAIKATO

867 Waihekau Road

Superior Cropping Property

A very desirable and presentable property of 42.3 hectares (more or less) in a central location currently a maize and annual grass cropping proposition on a 100% flat contour. Cropping yields are consistently above the district average with strong fertility on free draining complex Waihou silt loam soils. The property would suit cropping contractors, farmers looking for support crop blocks, horticulture, and market gardens as examples. A first class example of superior cropping land in central Waikato.

021

trevor.kenny@pggwrightson.co.nz

$3M

Plus GST (if any)

pggwre.co.nz/MAT38818

TREVOR KENNY

OKAUIA,WAIKATO

1387 Old Te Aroha Road

Dairy Support/Grazing

53.28 hectares (more or less) - Well located, approximately 13km from Matamata. Fourbedroom Weatherboard dwelling. Disused cow shed with load out facility. Ample shedding. Ex dairy farm with fertile sandy/silt loam soils. Currently grazing dairy replacements and harvesting supplements. Excellent sand quarry on the property. Long road frontage to Old Te Aroha Road (subdivision potential). Well-presented grazing property worthy of your inspection.

021 449 559

pdonnelly@pggwrightson.co.nz

021 424 600

jecclestone@pggwrightson.co.nz

4 2 Expressions of Interest Plus GST if any)

pggwre.co.nz/MAT38529

PETER DONNELLY

JIM ECCLESTONE

RAGLAN,WAIKATO

174 Pond Road

Ratanui Farm

This 168ha property is a unique offering in three titles, renowned for its clear water, lush pastures, ethical farming practices and hospitality.

The farm is well fenced with cattle and sheep-proof paddocks with laneways. All paddocks offer stock shelter with troughs in most. Native plantings are picked for coverage and soil quality retention.

The main dwelling is a revamped heart rimu homestead and there is a three bedroom second home and four short term accommodation units. The property has numerous sheds and buildings in excellent condition plus concrete work area. On offer in addition to the above is a further approx 97ha in four titles.

027

$5.7M

Plus GST (if any)

pggwre.co.nz/HAM37837

Video Available

RICHARD THOMSON

WAITOMO,WAIKATO

1031 Waipuna Road

Great Finishing Farm

With a surprise and vista around every corner, this 324ha farm is a piece of New Zealand paradise. Featuring a modern four-bedroom, two-bathroom home with incredible views. Excellent infrastructure including a modern four-stand wool shed and yards, implement shed, workshop, and barn.

Running 200 cattle, 1,100 ewes and 1,500 lambs off 240ha effective with a recent regrassing programme complemented by good fertiliser history and great water infrastructure.

This farm features incredible native bush, amazing rock formations, caves, lakes and great hunting. Potential for an agri-tourism business could provide an opportunity for a second income.

027

richard.thomson@pggwrightson.co.nz

FOR SALE

Plus GST (if any)

pggwre.co.nz/HAM38856

RICHARD THOMSON

TEKUITI,WAIKATO

461 State Highway 30

Low Maintenance, Well Located Lifestyle

28.1781 hectares (more or less) - Fantastic opportunity to purchase a well-located lifestyle property just 4.5km from Te Kuiti. This tidy two-bedroom dwelling has a single garage with internal access. Heat pump warms and cools the house. There's a shower over the bath, heated towel rail and separate toilet. Enjoy the spa on the western side which captures great views. Adjoining the dwelling is a large three bay workshop/garage with 4.5m stud throughout. A perfect location for setting up a business, or to park a boat or camper van. The property also includes a small garden shed and a great water supply by way of a spring.

$1.25M

Plus GST (if any)

pggwre.co.nz/TEK39036

PETER WYLIE

PIOPIO,WAIKATO

1474 Mangaotaki Road

First Farm Option - Mangaotaki Valley

4

GST

027

MAPIU,WAIKATO

1930 State Highway 4

Kura Kura Farms Partnership - 504 Hectares

Located 31km south of Te Kuiti on State Highway 4 is this long-established self-contained dairy unit with the added bonus of a large beef finishing unit. The dairy platform is 210 hectares, with 230 hectares dairy support/beef and the balance is bush. The contour is predominantly easy to medium hill with steeper hills to the north of the farm. Three dwellings, 38 ASHB, five-bay implement shed, 12-bay calf shed, excellent water and fertiliser history. Cattle wintered 2023 - 84 Beef R1 heifers, 112 Beef R2 heifers, 85 Beef R1 steers, 10 Beef R2 steers, 102 Dairy R1 heifers, 97 Dairy R2 heifers, 346 Dairy MA cows, 24 Dairy MA cows.

$6.6M

Plus GST (if any)

pggwre.co.nz/TEK38927

PETER WYLIE

PIOPIO,WAIKATO

Paekaka Road

Piopio Paradise

51.38ha of freehold bare land, approx 46ha effective, including 22ha (more or less) of cropping/silage country. 25 paddocks and the fertile soils and good fertiliser history indicate the potential for successful farming operations. The land is currently used as an extension to the neighbouring dairy farm's milking platform.

The property boasts top-notch fencing, concrete foundation cattle yards and a welldesigned laneway for efficient livestock management and the deep well bore ensures a reliable water supply. The exceptional duck pond and Maimai add recreational and conservation aspects and the rotten rock quarry adds value.

TONY FOREMAN

027 654 7434

tony.foreman@pggwrightson.co.nz

Tender

Plus GST (if any)

(Unless Sold Prior)

Closes 11.00am, Tuesday 26 March

pggwre.co.nz/TEK39158

TUTIRA,HAWKESBAY

536 Waikoau Road

Northbrook Farm

376.5 hectares of easy medium hill, 47km from the port of Napier (and 27km to the Pan Pac Mill at Whirinaki). Well tracked and easily accessible and workable. Good road frontage which greatly assists access. Some of the front country has been cultivated and planted in plantain and rape. Approximately 1.5km of river frontage with the Waikoau River which provides fishing and aesthetic appeal. One feature of this property is the on-farm quarry which may be of significant value to a forestry entity or as a standalone earner from a roading contractor. A full range of farm buildings plus four bedroom home.

027 493 5525

carl.vandermeer@pggwrightson.co.nz

027 487 5105

mark.johnson@pggwrightson.co.nz

4 1 3

Price by Negotiation

Plus GST (if any)

pggwre.co.nz/WAR37230

Video Available

CARL VAN DER MEER

MARK JOHNSON

New Zealand rural property remains an attractive proposition for overseas investors, says a new addition to the PGG Wrightson Real Estate team.

Gary Brooks recently started as branch manager, Hastings for PGG Wrightson Real Estate. He has an illustrious 27 year career marketing real estate, notching up more than $500 million dollars’ worth of rural property sales. He has sole New Zealand partnerships with Sports Afield, the world’s best read outdoor recreation magazine, and with the North American Land Brokers Association, providing Gary’s clients access to high level international investors.

“Although in recent years overseas investment regulations have made it more challenging to take advantage, the enquiry from American investors keeps coming. They are motivated to diversify the geographic spread of their assets. They recognise the strong fundamentals that underpin New Zealand agriculture: fertile soil, temperate climate, advanced farming techniques, stable political environment, and a favourable exchange rate. New Zealand’s natural capital, remoteness from the rest of the world, and aesthetics are also strong drawcards for many.

From the perspective of a well-resourced investor from elsewhere, factors that New Zealand farmers may take for granted are regarded in a different light, reckons Gary Brooks.

“New Zealand properties that attract attention from overseas high net worth individuals typically fall into one of two categories: those with outdoor recreational characteristics such as access to hunting or fishing, or those with production potential that complements the type of operation the investor

UPSWING PREDICTED FOR INBOUND OVERSEAS INVESTMENT

is already involved with.

“Over the long term, New Zealand’s economy has consistently performed well, based on a robust agricultural sector, a thriving tourism industry, and a strong focus on innovation and technological advancements. These characteristics create a favourable economic climate for investment, reducing risk and increasing returns.

“New Zealand’s long term underlying commitment to environmental conservation and sustainability aligns with the values of many investors, adding further to the overall investment appeal of our rural property,” he says.

While New Zealand’s regulatory regime is regarded by some as an impediment to overseas investment, Gary Brooks sees another side of the coin.

Through his career Gary Brooks has conducted several discreet sales of high value waterfront properties, and is currently acting as a buyer’s agent for a number of North American high net worth individuals, including some with New Zealand residency, who he is assisting to secure local properties.

Initiated through a sideline guiding New Zealand guests on hunting trips around 12 years ago, another of Gary’s accomplishments is his affiliation with Sports Afield, the world’s oldest outdoor recreation publication, founded in 1887 and numbering 70,000 subscribers. In addition to the publication, Sports Afield is active in several other media and related enterprises, including Sports Afield Trophy Properties, a broad-based network of specialised real estate professionals who market ranch, agricultural, woodland, forest, equestrian,

waterfront, hunting, fishing, and recreational outdoor properties. For the past five years Sports Afield has been named by a renowned marketing industry publication among the world’s top 150 licensed brands, alongside the likes of Disney, Hasbro, and Coca-Cola. Sports Afield estimates approximately 50 per cent of its readers are multi-millionaires, who typically spend more than $US200,000 each per annum on hunting trips.

“Outdoor recreation opens numerous international doors, with hunting and fishing aficionados from across the world coming here. Those from the likes of Australia and Singapore are able to own New Zealand assets without OIO approval, many expat kiwis who have done well for themselves are motivated to purchase desirable rural property, and a surprising number of high net worth Americans have New Zealand citizenship or residency, so are also permitted to buy property without restriction.

“Being easily able to profile appropriate classes of property to extensive national and off-shore databases, giving vendors the option to promote their properties to the American market, ensures they reach as many qualified buyers as possible, which can make a big difference to a marketing campaign,” he says.

Gary Brooks has particular experience and success selling forestry blocks, large scale sheep and cattle properties and premium lifestyle blocks, the property categories most likely to attract the attention of overseas investors.

The North American Land Brokers Association has 180 real estate offices across North America and Alaska.

GARY BROOKS Branch Manager & Sales Consultant

027 444 3756

RISSINGTON,HAWKESBAY

333 Glengarry Road

Farm It or Landbank It

Opportunity and potential knocks here for an astute rural purchaser with vision and foresight to appreciate the possibilities offered by this large scale holding.

Lucky Hill Farm encompasses 524 hectares (subject to survey) of bare land set in Hastings Glengarry district. The property offers scale and options aplenty with a good balance of largely medium contour. Two sets of satellite sheep yards and natural water dams. Power is close by on Glengarry Road.

Don't miss this opportunity!

027 444 3756

gary.brooks@pggwrightson.co.nz

Tender Plus GST (if any) (Unless Sold Prior)

Closes 2.00pm, Tuesday 26 March, Hastings

pggwre.co.nz/HAS39054

GARY BROOKS

FOXTON,HOROWHENUA

338 and 358 Foxton Shannon Road

Horses? Stock? Land!

Are you looking for a property that has space for the relatives? Are you passionate about horses/cattle/sheep and need more land? Don't let this opportunity pass by!

Being sold with two separate titles with the combined total of over 11ha more or less, this lovely home has four good sized bedrooms with a spacious open plan living plus the functional kitchen adds a nice touch. The separate two bedroom sleep out is there for when friends and family come to visit. This property is set up well for running a farmlet or for horses with the 13 stables, eight large paddocks, and the little over 6ha of land at the rear for them to roam.

022 522 4430

021 422 445

4 1 1

Price by Negotiation Plus GST (if any)

pggwre.co.nz/LEV38348

Video Available

CRAIG DIAS jana.dahoud@pggwrightson.co.nz

JANA DAHOUD

EKETAHUNA,WAIRARAPA

51 Falkner Road

Entry Level Dairy Farm

This 128ha dairy farm is situated in the summer-safe area of Eketahuna.

The property has a combination of rolling contour, complemented by approximately 40ha of good flats. 25 ASHB cowshed with a 300 cow feed pad plus the usual support buildings including a small shearing shed. Most supplementary feed is produced on farm and only a small portion of off-farm grazing during winter months.

The property has two, four-bedroom homes.

This farm has averaged 77,226kg MS over the past three years with minimal inputs. This sale represents an ideal opportunity for aspiring young farmer to step into their first farm at a realistic entry-level price.

027 450 4290

gary.patrick@pggwrightson.co.nz

027 448

4 1 Price by Negotiation Plus GST (if any)

pggwre.co.nz/MAS38670

Video Available

GARY PATRICK

andy.scott@pggwrightson.co.nz

4047

ANDY SCOTT

MATAIKONA,WAIRARAPA

Pack Spur Road

Love Me, Plant Me or Both

This is a rare opportunity to secure 138ha of bare land in the head waters of the Mataikona Valley, boasting sea views and a good balance of grazing land, native bush and pine trees.

Approximately 80ha effective grazing, 11ha of mature pines and the remainder reverting bush. This potential carbon investment is currently fenced into eight paddocks with conventional and electric fencing.

There is a potential building site for your off-grid bach/hut or home and the land provides excellent hunting for Red and Fallow deer and pigs. Approximately 8km drive to the Mataikona river mouth.

ANDY SCOTT

027 448 4047

andy.scott@pggwrightson.co.nz

Enquiries Over $895,000

pggwre.co.nz/MAS37262

UPPERHUTT,WELLINGTON

2294A Akatarawa Road

Akatarawa Valley Hidden Gem

Chilly Brook is a large farm of 366ha in the Akatarawa Valley within easy reach of Wellington city. The mature pine forest is now ready to harvest. The pine forest encompasses a total of 132ha, including 95ha planted in 1997, 30ha planted 2007 and 7ha of 45-60 year old trees. The property includes a timber homestead, commercial workshop with three phase power, associated farm buildings and a spectacular sited hunting lodge.

Chilly Brook is a true rarity that will have appeal for multiple buyer demographics. It absolutely needs to be explored to appreciate the extent of the unique package on offer.

027

3 2 3 Tender

Plus GST (if any)

Closes 2.00pm, Wednesday 17 April Hastings

pggwre.co.nz/HAS39135

Video Available gary.brooks@pggwrightson.co.nz

GARY BROOKS

PLANNING FOR INTERGENERATIONAL SUCCESS

To be able to pass on a family legacy to the next generation is one of the most satisfying accomplishments.

A succession plan will provide a farming family with the path towards ensuring their long-term sustainability and success. Without a plan, families can stumble.

Setting out how to transfer ownership and management responsibilities from one generation to the next, a well-thought-out succession plan shows the family how to navigate the complexities and challenges that arise when it is time to pass down the business.

A succession plan starts with determining who takes over the farm, also taking into account financial preparedness, legal considerations, communication between family members, and conflict resolution. An effective plan aims to create a smooth transition with minimal conflict, therefore assuring the continuity of farming operations.

WHY SUCCESSION PLANNING IS IMPORTANT

Succession planning makes good sense for several reasons.

First, it allows the current generation to secure their own financial future and plan for retirement. By formulating a clear succession plan, one generation can confidently pass on the farming business to the next, and ensure its continued success.

Second, succession planning helps preserve the family legacy. Farming families invariably have a deep connection to their land and want to see it thrive for future generations. For most the overarching goal is to hand the farm over in better shape than when they took it on. Through proper planning a family can ensure that the values, traditions, principles and practices passed to them by their forebears are faithfully continued by the next generation.

Finally, succession planning provides stability and peace of mind for all family members. By addressing potential conflicts and establishing clear roles and responsibilities, families can avoid the tension that can arise during a transition. This enables everyone to work together towards a common goal, fostering unity and collaboration.

CHALLENGES

While essential, succession planning comes with particular challenges.

Legal complexity:

Farming businesses invariably have intricate structures, including land, machinery, livestock, and other assets that need to be properly accounted for and transferred.

Sibling rivalries and generational differences:

Not all family members are equally motivated or willing to take on the farm, which can create tension and disagreement.

Financial considerations:

Transitioning a farm from one generation to the next requires careful financial planning and analysis, which should include evaluating the farm’s financial health, assessing potential tax implications, and ensuring the retiring generation has adequate funds.

CREATING A SUCCESSFUL PLAN

Creating a successful succession plan requires care, consideration and collaboration:

1. Start early:

Succession planning should begin well in advance. Smart farmers start thinking about their own succession as soon as they take over from the previous generation. Everyone involved needs sufficient time to discuss and understand their roles and responsibilities.

2. Involve all family members:

Even if they are not interested in taking over the farm, it’s important to include every family member in the plan. Ensuring transparency helps address any concerns or conflicts that may arise.

3. Communicate openly:

Effective communication should include regular family meetings and open discussions aiming to establish clear expectations and foster understanding and cooperation among family members.

4. Seek external guidance:

Someone neutral and respected by the whole family can be your most valuable asset in this process. They don’t have to be a professional: find that person and preparing your succession plan will become much easier. As the plan takes shape, professionals such as lawyers, accountants, rural property specialists and financial advisors, particularly when they bring relevant agricultural experience, will also provide valuable insights and ensure compliance with legal and financial requirements.

5. Develop a timeline and transition plan:

A timeline for the transition, outlining the steps involved, will provide clarity and structure. This includes setting goals, defining roles, and determining the best way to transfer ownership and management responsibilities.

6. Prepare the next generation:

Mentoring and training the next generation is crucial. Providing them with the necessary skills, knowledge, and experience will help them successfully take over the farm.

7. Review and update the plan:

Succession planning is an ongoing process that needs to be regularly refreshed as circumstances change. Adapting to evolving market and family dynamics requires flexibility.

Including the whole family

Involving all family members when making the plan will help ensure a successful transition. By identifying and leveraging individual abilities, families can assign roles and responsibilities to align with particular skills and passions. Those who don’t stand to take over the farm can play their part by helping address potential conflicts and ensuring fairness and transparency.

Communication

Effective communication is the cornerstone of a successful succession plan. Bringing all members to the table, and ensuring each has a constructive part to play, with clearly defined roles, responsibilities, and expectations, can encourage unity, collaboration, and shared responsibility, therefore establishing a strong foundation for the farm’s future sustainability and success.

Structure

Structured facilitated meetings encourage everyone to express their thoughts and concerns, creating a safe, nonjudgmental, comfortable environment for family members to reach agreement. Conflict resolution strategies, such as active listening, empathy, and compromise, can help resolve disagreements and find mutually beneficial solutions. In some cases a professional mediator or family therapist can provide guidance and support to navigate complex family dynamics.

External stakeholders

Establishing clear lines of communication with external stakeholders, such as lawyers, accountants, and financial advisors needs to be part of the process. Keeping these professionals appraised helps ensure the succession plan aligns with legal and financial requirements.

Financial and tax considerations

Financial considerations play a significant role. Transitioning ownership and management needs to ensure the financial well-being of both the retiring and incoming generations, starting with evaluating the farm’s financial health through a thorough analysis of assets, liabilities, and cash flow, assessing the business’s profitability and sustainability, as well as any potential risks or challenges that may impact financial stability.

Transferring ownership and assets can have tax consequences. Professional advice will assist comprehending these, including developing strategies to minimise any liabilities.

Financing is often a challenge. Finding adequate funds to compensate the retiring generation while also resourcing the next generation to take over the farm might involve options such as loans or grants to ensure a viable financial plan to support the transition.

Insurance is another important consideration. Appropriate cover can protect farm assets and provide financial security if unforeseen circumstances, such as accidents, natural disasters or health issues occur.

Through careful evaluation of the farm’s finances, understanding tax implications, securing adequate finance, and putting suitable insurance cover in place, families can ensure a smooth and viable transition.

LEGAL ASPECTS

Succession planning involves several legal considerations that need addressing to ensure compliance and protect all parties’ interests.

Estate planning is one of the primary legal aspects: a will or trust that outlines distribution of the farm’s assets on the death of the current generation, helping avoid disputes and ensuring assets are transferred according to the owner’s wishes.

Transferring ownership and management responsibilities often requires legal documents, such as buy-sell agreements, partnership agreements, or operating agreements. These outline the terms and conditions of the transfer, including each party’s rights and obligations. Consulting a lawyer experienced in agricultural law will ensure these are legally sound and comprehensive.

Addressing any land-related legal issues, such as property boundaries, zoning regulations, and environmental compliance, is another important issue. These factors can impact the farm’s ability to operate, making the succession planning process an appropriate moment to resolve or clarify them.

MOVING TOWARDS A SUCCESSFUL FUTURE

Succession planning is essential for families to secure the future of an agricultural business.

A well-thought-out plan enables a smooth transfer of ownership to the next generation, while mitigating potential conflict.

Understand the importance of succession planning, including the steps to create a successful plan.

Involve all family members, foster open communication, address financial considerations and legal aspects, and seek appropriate professional support.

A strategic and proactive approach will safeguard the family’s financial well-being, protect their legacy and heritage, and ensure continued sustainability.

OUR EXPERIENCES.

Need to be fair

I’ve worked with several families to help them successfully execute succession plans.

One particular family established offspring in separate substantial farms, where they are already planning their own succession through the likes of off farm investment.

While the plan doesn’t necessarily need to treat everyone as equal, it does need to be fair. You might have one sibling on the farm all their life, while a couple of others prefer to go out to develop nonfarming careers elsewhere. If the succession splits the farm three ways, that is likely tough on the sibling who stayed home working for wages, and therefore might have nothing much to show for it compared to the ones who left.

When nothing is done to make a plan you hear of absolute disasters. Failure to act risks dragging the family into the courts, decades of acrimony, and only the lawyers left with anything out of it.

John Murray, PGG Wrightson Real Estate, Masterton

Becoming more relevant

Succession planning seems to be a growing part of the business: it’s becoming more and more relevant as the average age of farmers increases.

In the dairy industry succession is easier. With greater revenue, more certain cashflow and the opportunity for the younger generation to become lower order sharemilkers, accumulate some capital, or borrow against an existing asset, there are options.

For those with sheep and beef farms, particularly smaller scale properties, succession needs to be focused on well in advance, maybe by diversifying investment off the farm as soon as possible. Anyone I talk to, I encourage to think about this sooner rather than later.

Andrew Patterson, PGG Wrightson Real Estate, Invercargill

A natural part of family life

It’s never too early to start thinking about your succession plan.

Families who are completely open about it make it work best. If talking about succession is a natural part of family life, that’s ideal: the same as ‘Where do we shift the ewes next?’ or ‘When are you going to bale the hay?’

Sometimes the younger generation might think mum and dad don’t want to talk about it: it’s almost a taboo subject, while the parents think their kids don’t want to crack the ice either. That can be problematic.

You need to make sure it’s not an intimidating subject: ‘This is what I’m thinking. This is my intention. I’d love to see your kids here one day.’ Having that conversation early, often and naturally, without putting any obligations on it.

Often initial succession discussions are better held in a friendly, comfortable environment, rather than a professional’s office.

Brent Irving, PGG Wrightson Real Estate, Dunedin

FOXHILL,NELSON

695 Wakefield-Kohatu Highway

Prime Horticultural or Lifestyle Opportunity

Our vendor's circumstances have changed, and this 18.82ha property needs to be sold.

RV $2.13M - There are two buying options:

1. $1.45M land and buildings including a four-bedroom home

2. $1.6M as a going concern

A rare opportunity to acquire a fully established hop farm situated southwest of Wakefield. Flat alluvial soils on two terraces with good water consents are suitable for a range of horticultural uses. This property would suit someone wanting to derive an income from home. The hop business is ideal for an owner-operator or with excellent water consents a variety of crops could be grown.

$1.45M

Plus GST (if any)

pggwre.co.nz/NEL37953

Video Available

douglasjcsmith@pggwrightson.co.nz

DOUG SMITH

RIVERLANDS,MARLBOROUGH

State Highway 1

Hill Block with Consented Quarry

Not to be missed is this 80ha (197 acres) bare land block with State Highway 1 frontage just south of Blenheim. Stunning views of Cloudy Bay can be accessed via the well-formed tracks that lead to the back of the property, while close to the highway there is a hidden, but huge levelled building pad where you could build the shed of your dreams. Approximately 8ha has been levelled along the State Highway 1 frontage that could one day be planted in grapes. To add to the opportunity on this block, a large quarry exists on the southern boundary with a new resource consent to extract gravel until 2038.

For Sale

pggwre.co.nz/BLE36757

Video Available

JOE BLAKISTON

SEDDON,MARLBOROUGH

Marama Road

Prime Viticulture Development

If you’re looking to diversify or expand your existing investment portfolio then this viticulture development opportunity should be top of your list.

Located just 35km from Blenheim, the Awatere Valley is well recognised as a proven viticulture performer in Marlborough and this property is well positioned amongst existing and developed viticulture properties. This 84.52ha (subject to survey) property predominantly in flats is ideally suited to viticulture as it includes shares in the Marama Irrigation Limited scheme (M.I.L) with ‘B class' water and several water storage sites have been identified. A unique opportunity not to be missed.

027 579

greg.lyons@pggwrightson.co.nz

027 434

Price by Negotiation

Plus GST (if any)

pggwre.co.nz/BLE38475

Video Available

GREG LYONS jblakiston@pggwrightson.co.nz

JOE BLAKISTON

SEDDON,MARLBOROUGH

83 Richmond Brook Road

Awatere Viticulture or Farming Opportunity

This is a unique opportunity to purchase a property of scale with huge potential for viticultural development or to further develop into a well-located breeding and finishing property. 'Breach Oak' is located just 35km from Blenheim and 10km from Seddon township. The Awatere Valley is well recognised as a proven viticulture performer in Marlborough and this property is positioned between existing and development viticulture properties. A key feature is the 100 shares in the Awatere Irrigation Limited Scheme (A.I.L) providing 'B class' water. On three titles this 401ha (995 acres) property provides a good balance of clean flats to medium hill.

027

Price by Negotiation Plus GST (if any)

pggwre.co.nz/BLE37828

Video Available greg.lyons@pggwrightson.co.nz

027

jblakiston@pggwrightson.co.nz

GREG LYONS

JOE BLAKISTON

ATARAU,WESTCOAST

Shellback Road

Lifestyle and Forestry Investment

Escape to the Grey Valley in this secluded hideaway, a property that is so serene and peaceful. With 59.4 hectares of West Coast bush, this property will not disappoint. Around one third is in varying sizes of pine planted in the late 1990s. A portion of these pines have been registered under the Emission Trading scheme generating an income. The remaining bush is in native. The property is well tracked and a haven for Kiwi to be released. With elevated cleared sites that would make for a perfect spot to put that off-grid cabin giving beautiful views looking out over the Grey Valley and/or the Paparoa Range.

$550,000 Plus GST (if any)

pggwre.co.nz/GRE39138 sharyn.overton@pggwrightson.co.nz 027

LYFORD,CANTERBURY

202 Mount Lyford Forest Drive

Attention Nature Lovers and Farmers

This 136.593ha easy hill farming property is located close to Mt Lyford Village and within easy commuting distance to Hanmer Springs, Waiau and Kaikoura. In recent times the property has been totally refenced, new steel cattle yards have been built and a new stock water system has been installed. There is a reasonable area of native bush with extensive bird life plus an income stream from farming both cattle and sheep on the property. A forestry right exists with a previous owner. With all the recreational pursuits the area offers, the sale of this property is an extraordinary opportunity to purchase a peaceful paradise in a unique location.

027 434 4002

pcrean@pggwrightson.co.nz

027 531 2964

mark.clyne@pggwrightson.co.nz

$1.35M Plus GST (if any)

pggwre.co.nz/CHR38214

Video Available

PETER CREAN

MARK CLYNE

LYFORD,CANTERBURY

2314 Inland Road

Large Scale Breeding Property and Recreation

'Mason Hills' has long been regarded as a well-improved sheep and cattle breeding unit complemented with impressive infrastructure. Via a subdivision, the front productive country comprising approx 941ha, is offered for sale. There is a centrally located modern, four-stand, RB woolshed with attached covered yards plus a large set of circular cattle yards, very well-established tracks and upgraded fencing. A recent addition is the new three bedroom home. Combined with all the recreational pursuits the area offers including being close to the Hanmer Springs thermal resort, fishing, boating and hunting, this farm is a well-balanced investment.

Price by Negotiation

Plus GST (if any)

pggwre.co.nz/CHR38326

Video Available

PETER CREAN

OMIHI,CANTERBURY

50 Jurys Road

Starborough Downs

Comprising of 106.04ha, Starborough Downs boasts an excellent location in the highly regarded Omihi area. Recent farming practices have included cattle finishing and cultivating feed. The impeccable property is well sheltered and subdivided into approximately 25 paddocks, with extensive new fencing, and central lane. Complementing the farming operation is an array of impressive infrastructure and new stock water scheme. The three bedroom roughcast home has been extensively renovated and is set within established surroundings. Offering a variety of agricultural endeavours, this is an exciting opportunity not to be missed!

027 434 4002

pcrean@pggwrightson.co.nz

027 531 2964

mark.clyne@pggwrightson.co.nz

Deadline Private Treaty

Plus GST (if any)

(Unless Sold Prior)

Closes 2.00pm, Thursday 11 April

pggwre.co.nz/RAN39196

PETER CREAN

MARK CLYNE

OKUKU,CANTERBURY

260 Hayland Road

'Hayland' - One of Canterbury's Best!

Hayland is a magnificent 582 hectare aesthetically pleasing farming property located at the foothill of Mt Thomas, one of Canterbury's most notable farming areas. Outstanding farm infrastructure includes a modern three-stand RB woolshed and covered yard, several modern implement and utility sheds, two sets of modern cattle yards, a modern stock water supply system, a very high standard of modern fencing, while its crop production plus fertiliser inputs and a robust re-grassing program have been significant over recent years. Complemented by a substantial refurbished five bedroom homestead, a three bedroom home, and a two bedroom cottage.

Deadline Private Treaty

Plus GST (if any)

(Unless Sold Prior)

Closes 2.00pm, Thursday 14 March

pggwre.co.nz/RAN38865

Video Available

PETER CREAN

NORTH CANTERBURY

ONE OF NORTH CANTERBURY’S FINEST

After several top North Canterbury rural properties have sold well in recent months, one of the Waimakariri district’s most admired farms has been offered for autumn sale.

Peter Crean of PGG Wrightson Real Estate, Christchurch is marketing Hayland, a 582 hectare Okuku pastoral farm, situated 20 kilometres east of Oxford, 22 kilometres west of Rangiora and 55 kilometres north of Christchurch. Peter says its location, productivity and infrastructure set Hayland apart.

“This is a magnificent, aesthetically pleasing property located at the foothill of Mt Thomas, in one of Canterbury’s most notable and high rainfall farming areas. Breeding and finishing sheep, and trading beef, Hayland has long been regarded as one of Canterbury’s finest and most favoured, frequently described as a large-scale model farm.

“Hayland is mainly flat, with some rolling and easy hill country, and benefits from numerous trimmed shelter belts. An extensive lane system ensures easy access throughout, including the capacity to cultivate a large area, making it ideal to breed and finish livestock, and trade additional stock.

“Outstanding farm infrastructure includes a modern threestand raised board woolshed and covered yard, several other modern implement and utility sheds, two sets of modern cattle yards, a modern stock water supply system, and high standard modern fencing. It has documented significant crop production, fertiliser inputs and a robust re-grassing programme in recent years,” he says.

True to the quality of the farm, its dwellings are also exceptional.

“Hayland’s two storey five bedroom homestead sits in expansive and well-established park-like surrounds. A classic substantial rural dwelling, built in the mid-1960s it has been totally refurbished and renovated in recent years. A warm and inviting expansive family home, inside and out it ideally caters for the needs of each generation, as well as offering all the requirements for delightful entertaining.

“Other residences include a three bedroom manager’s home and a separate two bedroom cottage.

“This is an easily managed, large-scale farming operation in a sought-after area: a well-balanced property, complemented by

exceptional infrastructure and set up to support a wide range of farming options. For anyone looking for their dream property, Hayland is well worthy of inspection,” he says.

Hayland is presented to the market as the most recent in a series of well-appointed Waimakariri farms to have sold in the past few months, including:

Aroha Downs, a 601 hectare partially irrigated View Hill, Oxford farm with high rainfall, a long history of dairy grazing, bull finishing, and sheep and cattle breeding that sold in April 2023.

• Spring Grove Farm, Oxford, a 315 hectare irrigated dairy support and finishing property that sold in November 2023.

• Cromdale Station, Lees Valley, a 2181 hectare medium high country property that sold in December 2022.

• Glenburn Station, Lees Valley, a 3684 hectare high country station that sold in November 2022.

• A 190 hectare Ashley Gorge dairy support property, sold in early 2023.

“While the recent rural property market has been challenging, many people are seeing North Canterbury, and particularly Waimakariri, as an increasingly desirable place to farm. Good property in this district is finding ready buyers, and Hayland is certainly in that category,” says Peter Crean.

LOBURN,CANTERBURY

454 Carrs Road

Forestry / Carbon / Subdivision

Located close to the busy town of Rangiora and approximately 40km to Christchurch International Airport this 97.49 hectare forestry block is all set for the next owner. With an annual rainfall of approximately 830mm on average per annum, a low altitude of approximately 148 to 163 metres above sea level, and the easy rolling hill contour, the site is regarded as well-suited for Pinus Radiata and other soft wood species. The property is mostly planted in forestry - 73.37 hectares of forest registered in the ETS scheme and 9.1 hectares of unregistered trees planted 2016 and 2021 thought eligible to be registered.

027 434 4002

027 531 2964

$2.2M Excluding Carbon Credits

Plus GST (if any)

pggwre.co.nz/CHR37592

Video Available pcrean@pggwrightson.co.nz

mark.clyne@pggwrightson.co.nz

PETER CREAN

MARK CLYNE

BURNTHILL,CANTERBURY

364 Depot Road

Intensive Dairy Winter Grazing / Finishing

Comprising approximately 95 hectares, we offer a farm with a strong history of dairy support including wintering dairy cows, cropping plus finishing cattle. A cropping rotation includes kale, forage oats, rape/grass and permanent pasture with approximately 800 big square bales of baleage and 200 bales of meadow hay per annum. Well-fenced, a very good stock water scheme with 1,500 litre troughs in all 15 paddocks. Improvements include a three-bay implement shed, storage shed and part Te Pari steel cattle yards. With the property close to service towns Oxford and Darfield the opportunity to purchase here is an outstanding opportunity.

027 434 4002

027 531 2964

$2.6M

Plus GST (if any)

pggwre.co.nz/CHR38408 pcrean@pggwrightson.co.nz

PETER CREAN mark.clyne@pggwrightson.co.nz

MARK CLYNE

Lifestyle, Farming, Versatility & Potential

Seldom do opportunities come along to purchase land so close to Rolleston town.

With options to purchase: as a whole, being a 201ha, spray irrigated, high-performing dairy farm with multiple houses and modern facilities, or a combination of the following (areas approximate): 36ha lifestyle, spray irrigated with two houses, OR 53ha, bare land, spray irrigated, OR 112ha dairy farm, spray irrigated with two houses.

Contact Dan or Mark for more information and/or to arrange a viewing.

021

027

mark.clyne@pggwrightson.co.nz

DAN

MARK CLYNE

HORORATA,CANTERBURY

183 Davies Road and Windwhistle Road

Attention Purchasers Looking for Instant Income!

This versatile 305.3221 hectare property, with Mt Hutt as a backdrop, is offered for sale with a new 3 x 3 year lease in place with a large corporate enterprise. Sit back and enjoy your new property and leave the day-to-day farming to the new lessees. Service town of Darfield only 25km away, with Christchurch city situated approximately 65km to the east. Farm improvements include a woolshed, sheep yards, cattle yards, and an upgraded livestock water scheme. Consideration by potential purchasers looking to purchase with the new lease in place and look for capital gain later.

027 434 4002

pcrean@pggwrightson.co.nz

021 918 233

dan.vandersalm@pggwrightson.co.nz

Price by Negotiation Plus GST (if any)

pggwre.co.nz/CHR37762

Video Available

PETER CREAN

DAN VAN DER SALM

IRWELL,CANTERBURY

The Lake Road

Intensive Cropping / Finishing

This intensive farming property comprising 108.0558 hectares is located in a notable farming area. With the excellent irrigation water supply, the farm is able to be fully irrigated via two travelling irrigators, from two wells. Deep rich soils including Ayreburn, Salix and Pahau (formerly known as Templeton, Temukas, and Wakanui deep silt loams). Farm infrastructure includes a large grain storage shed. The sale of this property provides a unique opportunity to the most astute of purchasers to purchase an outstanding high producing cropping farm in a very tightly held area. Act Now!

027 434 4002

pcrean@pggwrightson.co.nz

$4.5M Plus GST (if any)

pggwre.co.nz/CHR38427

PETER CREAN

ASHBURTON,MIDCANTERBURY

Agricultural Contracting Business Opportunity

An opportunity has arisen to purchase this longstanding agricultural contracting business. With a diverse range of activities including baling, chopping, windrowing, cultivation and drilling, allows the business to operate year round over the wider Canterbury region. This business had its origins in 1993, has grown over the past years and includes a strong focus on the delivery of quality. The loyal established clientele base includes a wide range of farm contracting services including work in the arable, dairy, livestock and horticulture sectors. A diverse and sound business in a prime agricultural area with ability to grow.

027

Price by Negotiation

Plus GST (if any)

pggwre.co.nz/ASH39123

MARK HANRAHAN

METHVEN,MIDCANTERBURY

265 Methven Chertsey Road

Premium Living on the Edge of Methven

40ha of prime arable land in the highly desirable Methven area. Executive 5-6 bedroom home plus office, dual bathrooms, multiple living areas and modern kitchen. Immaculate gardens, in-ground heated (solar) swimming pool, covered deck and grass tennis court. Double carport with adjacent 4-bay shed/garage with power. Fully enclosed, 4-bay high stud shed with concrete floor, one lined which could be used as offices. Further 4-bay high stud shed with concrete walls and floor in two bays for grain storage. Fenced into four main paddocks with excellent arable soils. Located in a high rainfall area and features spectacular views.

021 918

dan.vandersalm@pggwrightson.co.nz

Price by Negotiation Plus GST (if any)

pggwre.co.nz/ASH38851

Video Available

DAN VAN DER SALM

ASHBURTONFORKS,MIDCANTERBURY

Forks Road and Goughs Crossing Road

Self-Contained Dairy Opportunity - 541ha

'Lowe Farms Limited’ is a spray irrigated, self-contained dairy farm with opportunity for further development located in the Canterbury foothills. A 54 bail rotary shed is equipped with modern technology. Currently milking 1,160 cows off 390ha platform consistently above 560,000kg MS with young stock and wintering all in-house. Sound housing and ample sheds. Irrigation water sourced from BCI and Ashburton River with a large storage pond. Available as one large farm or as three separate blocks; 207ha dairy, 230ha dairy support (could be converted to a new dairy) and 104ha dairy support (subject to water and nutrients being split). 'A audit'.

Price by Negotiation Plus GST (if any)

pggwre.co.nz/ASH36603 dan.vandersalm@pggwrightson.co.nz

DAN VAN DER SALM

BY SHAUN STOCKMAN

COMMERCIAL VS RURAL PROPERTY: MAKING THE MOST OF THE OPPORTUNITY TO DIVERSIFY

Many generations of farmers have expanded their financial interests beyond the farm gate by buying commercial real estate. This includes owning office buildings, retail spaces, factories, and other similar properties. These investments can involve anything from subdividing land to taking on the task of developing a full-scale commercial property.

Through 40 years investing in, managing and advising others on commercial property, I have worked with many farmers seeking out such opportunities. Most are primarily motivated to diversify their investment portfolio, therefore reducing risk associated with fluctuations in farm gate income.

My first advice to anyone embarking on such a venture is do your due diligence. Whereabouts is the property you are

looking at? How has it performed in the past? Will it endure the test of time?

If it is on the main street of town, has regularly been leased to reliable tenants, occupied for most of its tenure, and is not a specialist building exclusively servicing a dying trade, there is a good chance it will provide consistent returns. Look at it as similar to buying rural property, where you will need to assess whether it has been a good farm in the past. Rural or commercial, the property’s history is going to give you the clearest pointer on its future performance.

Generating additional income is what draws many farmers to commercial property. With reliable tenants, owning an office building, a retail premises, or similar can provide a steady stream of rental income to supplement primary production revenue.

One person I have advised regularly grows grapes. After going through a series of seasons when the harvest was poor, a neighbour came in with an offer to buy part of his vineyard. My viticulture friend sought my advice on whether to invest the equity from the sale into commercial property. I could see he was looking at a good and well located building, with a mix of strong tenants, so suggested he go ahead. It went well. While initially he had some debt on the building, he has chipped away at that, while also taking some money out of it to live off. That has eased pressure on the vineyard, and if he has a bad year with the grapes nowadays, because the commercial property gives him a steady back up, it doesn’t seem quite so bad anymore.

Another family I know has a service and trading business.

Over the years they have also bought commercial property, spreading that against the other side of their business. Twenty years later it has paid off well for them. They have two circles side by side: when the trading business has gone well they have paid down debt off the properties, whereas in other years when trading has not gone so well, they have been able to pull capital back the other way to keep their cashflow ticking along.

Retirement planning and long-term appreciation also attract investors, including farmers, to commercial property. Generally, as well as generating income, a commercial real estate asset will increase in value over time, resulting in a capital gain when sold. In the meantime, investing in commercial property can be a strategic part of a farmer’s retirement plan, providing a source of income once they retire from farming.

Earlier in my career I had a client who had been a developer, though opted for retirement earlier than he ought to have. I had a project for him and managed to persuade him out of retirement to start developing again. I managed to help him with one last development that would provide him with permanent income. Previously he thought he had enough to survive on, though didn’t take account of the likes of overseas holidays, updating his car, or similar spending requirements.

We found an office building for him in the Christchurch CBD, lined up the deal, he bought it, and owned it for 20 years freehold. As

a consequence he was able to retire for a second time with his pockets full of money. Since his retirement he has lived off the income from the building and lived well. In the past couple of years he received a generous offer for his building, demonstrably more than his original purchase price, and he decided to sell. Now he is fairly elderly and highly unlikely to ever be able to spend as much money as he sold the building for.

Investing in commercial property is similar to investing in rural property, carrying similar risks, although such risks tend to be influenced by different external factors between the two categories. To determine the more appropriate investment option for a particular farmer or investor, a general rule of thumb is that while a commercial property with a long-term tenant may provide a stable income, farmland has historically yielded higher capital gains. Regardless, being able to commit to a minimum of five years for any investment is crucial.

You should take particular care to understand the risks involved, assess your tolerance for them, and develop strategies that will mitigate them.

Very much the same as owning a farm.

Shaun Stockman is managing director of The Stockman Group, based in Christchurch and active throughout Canterbury, holding a portfolio of more than 40 commercial buildings offering a mix of retail, office, hospitality and industrial spaces. Shaun works closely with Peter Wilson of PGG Wrightson Real Estate, Timaru, who specialises in commercial, retail and industrial sale and lease listings.

PETER WILSON Licensed Agent /Auctioneer AREINZ

027 476 5329

GERALDINE,SOUTHCANTERBURY

39 Orari Back Road

'Denfield Oaks' - Your Own Private Sanctuary - 21 Hectares

A unique larger irrigated deer fenced lifestyle located approximately 4km to Geraldine. Set amongst established landscaped grounds and mature specimen trees this property is truly a little haven. Well appointed and modernised three bedroom permanent material home with an office plus a self-contained flat attached to the double garage. The open plan layout has a new kitchen, spacious dining and living room that flows to an inviting outdoor sheltered entertaining area. There is also a separate sitting room for those larger gatherings. New 4-bay shed, 3-bay shed (1-bay lockable workshop with power), 2-bay hay shed and an approved deer shed.

027 453 0950

calvin.leen@pggwrightson.co.nz

027 457 0990

simon.richards@pggwrightson.co.nz

Buyer Enquiry Over $1.55M Plus GST (if any)

pggwre.co.nz/TIM39186

CALVIN LEEN

SIMON RICHARDS

CLANDEBOYE,SOUTHCANTERBURY

892 Orton Rangitata Mouth Road

'Aronui' Dairy Farm, Clandeboye - 158 Hectares

A high producing precisely laid out dairy farm with a proven production history. Located in one of the most recognised dairying districts of South Canterbury, the farm has excellent infrastructure and irrigation. High-specification 60 bail rotary shed with auto cup removers, auto plant and vat wash, Protrack and an in-shed feeding system. Milking 780 cows over a total farmed area of 208ha (50ha of leased land) and producing 418,531kg MS in the 2022/23 season. Irrigation water from on farm bores and applied via a pivot (96ha), roto rainers (52ha) and k-line and sprinklers to corners. Full complement of staff housing.

027 453 0950

calvin.leen@pggwrightson.co.nz

027 457 0990

simon.richards@pggwrightson.co.nz

Price by Negotiation Plus GST (if any)

pggwre.co.nz/TIM38554

Video Available

CALVIN LEEN

SIMON RICHARDS

BENOHAU,SOUTHCANTERBURY

5098 Tekapo-Twizel Road

Paradise in Mackenzie - Alps to Awesome

Seldom does the opportunity come along to purchase such a perfectly located parcel of land, and this property offers a fantastic opportunity to become landowners in the tightly held and iconic Mackenzie Basin!

Approximately 200 hectares with the beautiful Ben Ohau Range framing your views, this blank canvas is located approximately 50km from Mt Cook Hermitage and less than 8km from Twizel with a multitude of ski fields, lakes, mountain walks and hunting possibilities nearby. Resource consent to build has already been approved and plans have been drawn for an extensive executive home.

021 918 233

dan.vandersalm@pggwrightson.co.nz

pggwre.co.nz/ASH38182

DAN VAN DER SALM

SOUTHBURN,SOUTHCANTERBURY

382 Ward Road

'Ridgedale' - 205 Hectares

Currently farmed as an established dairy support unit but would also make an excellent cattle finishing property. Environmentally compliant with available records and fenced into approximately 40 paddocks with a central lane. Permanent material two storey, four bedroom home and additional support buildings, original woolshed and good cattle yards. The property supports wintering cows alongside young stock, both R1 and R2.

027 453 0950

calvin.leen@pggwrightson.co.nz

027 457 0990

simon.richards@pggwrightson.co.nz

Price by Negotiation

Plus GST (if any)

pggwre.co.nz/TIM38558

CALVIN LEEN

SIMON RICHARDS

WAIHAODOWNS,SOUTHCANTERBURY

156 Elephant Hill Back Road

Dairy Support - 196 Hectares

A dairy support block for the last 20 years, this well thought out property has 37 main paddocks easily accessible via a U-shaped central lane. Consistently wintering up to 600 dairy cows in addition to young stock and beef cattle using a variety of kale and fodder beet. Historically lucerne, oats and grazing maize have all grown well. Water from the Waikakahi Scheme. Two 4-bay pole sheds, haybarn, two silage bunkers and cattle yards all have good access. The three bedroom Summerhill stone homestead has two living areas. For the right purchaser, lease-to-buy or finance options may be available from my exceptional vendors.

Price by Negotiation Plus GST (if any)

pggwre.co.nz/TIM37994

LYZ PALMER

OAMARU,NORTHOTAGO

Tilverstowe Road

Environmental

Leading Dairy & Arable Enterprise

An efficient, environmentally sustainable 178 hectare arable and dairy enterprise designed for all year-round milking with the ability to attract a premium winter milk contract. Milking 450 cows with a budgeted production of 280,000kg MS and a spring herd 270 cows.

Two 225 free-stall HerdHomes provide comfortable living with covered feed pads. 2014 built 40 aside Herringbone shed with ACR. Irrigated via pivot, gun and sprinklers. Majority of inputs grown on farm. Excellent ancillary buildings, grain storage, weigh bridge complex and three homes.

027 453 0950

calvin.leen@pggwrightson.co.nz

027 457 0710

john.sinnamon@pggwrightson.co.nz

Price by Negotiation Plus GST (if any)

pggwre.co.nz/TIM38857

CALVIN LEEN

JOHN SINNAMON

TAPUI,NORTHOTAGO

138 Tapui Homestead Road

Tapui Hills - Clean Healthy Stock Property

Price

pggwre.co.nz/OAM38044

027 215 8666

david.heffernan@pggwrightson.co.nz

84 | PGG WRIGHTSON REAL ESTATE

WINDSOR,NORTHOTAGO

2 Tussocky Road

Abercairney Dairy Farm

136 hectare dairy farm in two freehold titles. The property has a 40 ASHB dairy shed, auto facilities, feed pad, 4-bay implement shed and five calf sheds. Irrigation via North Otago Irrigation Co. scheme (pressurised) with 126 shares, three centre pivots, fixed grid and K-line. Last season yielded 176,372kg MS from circa 422 cows (peak) or 1500kg MS per effective hectare, young stock and dry cows are grazed off farm. There are three dwellings on the property. Abercairney has three road frontages, a central lane accessing 34 main paddocksproven production and in a desirable location.

027 457 0710

john.sinnamon@pggwrightson.co.nz

027 215 8666

david.heffernan@pggwrightson.co.nz

Price by Negotiation Plus GST (if any)

pggwre.co.nz/OAM39078

JOHN SINNAMON

DAVE HEFFERNAN

WINDSOR,NORTHOTAGO

483 Burnside Road

Burnside Dairy Farm

505ha dairy property with 81ha lease, creating a 550ha milking platform. Irrigated by North Otago Irrigation Company, with five pivots (229ha) and K-line irrigation. The property has a 60-bail rotary dairy shed, ACR, in-shed feeding, Protrack drafting system and a feed pad. Calf and support sheds. There are five houses, including a modern four bedroom owners/managers house. Historically milked 1,600-1,750 cows, averaging 642,000kg MS over three years and has recently shifted to a grass-based, low supplementary feed dairy model. Great opportunity for a sizeable dairy farm in a proven location with reliable irrigation, minimising drought risk.

027

david.heffernan@pggwrightson.co.nz

Price by Negotiation Plus GST (if any)

pggwre.co.nz/OAM39019

DAVE HEFFERNAN

KIAORA,NORTHOTAGO

277 Cowans Rd, Sunset

Sunset Dairy Farm

Sunset is a large dairy unit (236 hectares effective) close to Oamaru which would comfortably milk 800-850 cows. Highest production 445,000kg MS milking 910 cows 2019/20 season. 60 bail rotary shed recently upgraded Waikato plant, ACR, auto wash, inshed feeding and Protrack drafting with a large cow feed pad next to the dairy shed. There are four houses with a four bedroom managers dwelling. Pivot irrigation covering 135 hectares with balance K-line and sprinklers. An opportunity to maximise your return with the efficient use of supplements enabling maximum production. Do not let the sun go down on this opportunity.

DAVE HEFFERNAN

027 215 8666

david.heffernan@pggwrightson.co.nz

Price by Negotiation Plus GST (if any)

pggwre.co.nz/OAM39101

CROMWELL,CENTRALOTAGO

Luggate-Cromwell Road

Somebody Gets a Bargain

Vendor Says Sell. An opportunity to purchase 11.48ha with 5.7ha planted in a cherry orchard in full production. Located in a prime cherry growing area, this property has expansion potential with management and pack-house shares for sale. Planted in 2013 with 5,400 cherry trees, these five varieties are all export quality. Water is provided from the Mount Pisa irrigation scheme and frost protection from two Orchard-Rite windmills. The property has no buildings but has an elevated building platform with magnificent views of the St Bathans, Pisa ranges and surrounding areas.

027 432 8978

nbulling@pggwrightson.co.nz

027 256 0449

Kurt.Snook@pggwrightson.co.nz

pggwre.co.nz/CRO36512

NEIL BULLING

KURT SNOOK

CROMWELL,OTAGO

SH6 Luggate-Cromwell Road

Highly Motivated Vendor Says Sell

Premium building site - what an offering! This site is elevated, has near 360-degree panoramic views. 9ha block offering ample space to build a stunning lifestyle property conveniently located a short drive from Cromwell.

The bonus to this block is the well-developed mature cherry orchard of some 4.95ha with an excellent mix of varieties planted in the modern UFO system and is permanently netted. Alongside the block is a large irrigation dam for which the property holds appropriate water shares.

027 256 0449

Kurt.Snook@pggwrightson.co.nz

027 432 8978

nbulling@pggwrightson.co.nz

Enquiries Over $2.3M

Plus GST (if any)

pggwre.co.nz/CRO37748

KURT SNOOK

NEIL BULLING

LAUDER,CENTRALOTAGO

Lauder-Omakau Road

Bare Land Options

This finishing property has been running bull beef, steers and fattening hoggets for the spring market. The property is located in the heart of the Manuherikia Valley. There are two options being offered for sale by Tender:

Option 1: 161.7466 hectares - Irrigated paddocks and Lucerne flats, and an ideal site for a large storage dam

Option 2: 139.0000 hectares - Subdivision consent pending for two lots with approved building platforms

For all enquiries contact the sole agent.

027 434 0087

mdireen@pggwrightson.co.nz

Tender Plus GST (if any)

(Unless Sold Prior)

Closes 3.00pm, Thursday 28 March

pggwre.co.nz/ALE35030

MIKE DIREEN

EARNSCLEUGH,CENTRALOTAGO

McPherson Road

Liquid Gold - First Class Irrigation

Superior irrigated land with plentiful, extremely reliable and very cost-effective water supply that is well proven. Well-presented property of 100ha (subject to survey) of mainly flat contour, currently being utilised for dairy support and beef finishing. Cropping yields are consistently high with strong fertility on free draining soils. All-weather central lane system, subdivided into 19 paddocks that provide for efficiency and ease of management, irrigated by centre pivot, fixed grid and K-Line covering approximately 98ha. Shed with amenities and open bay storage. Subject to Council Resource Consent approval and subsequent title issue.

021 246 6383

shane.turfus@pggwrightson.co.nz

027 346 7986

sally.taylor@pggwrightson.co.nz

Deadline Sale

Plus GST (if any)

(Unless Sold Prior)

Closes 12.00pm, Friday 22 March

pggwre.co.nz/ALE39200

Video Available

SHANE TURFUS

SALLY TAYLOR

BANNOCKBURN,OTAGO

Gully Road

Rural Living In Bannockburn

Don't miss out on this opportunity to secure a rural lifestyle property situated on Gully Road in Bannockburn. Build your house and then develop the remaining land into either a small farming unit or develop a horticulture or viticulture operation. The property is surrounded by mountain and rural views. Land area 5.57 hectares.

027 224 7546

Robin.Jenkins@pggwrightson.co.nz

Price by Negotiation

Including GST pggwre.co.nz/CRO39067

ROBIN JENKINS

MIDDLEMARCH,OTAGO

105 Moonlight Road

Middlemarch Bare Land Opportunity

351.5909 hectares - Bare Land

Several options including 100, 200 or 351 hectares of land. The contour is a mix of gentle rolling to medium hill country. Depending on which option you take there is a mix of permanent pasture and 27 hectares of winter feed and one paddock of young lucerne. A good proportion of the 17 paddocks has been cut for hay/baleage in the past and all but one paddock has been regrassed in the past ten years. There are several potential building sites offering great views over the Strath Taieri and across to the Rock and Pillar range. Stock water is from dams and a troughed system to all paddocks is available.

rjnicolson@pggwrightson.co.nz

Price by Negotiation Plus GST (if any)

pggwre.co.nz/DUN38687

ROGER NICOLSON

POMAHAKAHEADWATERS,OTAGO

1989 Aitchison Runs Road

Gem Lake Station

2,055.4102 hectares freehold.

Located at the head of the Pomahaka River in an area called McEwens Bush approximately 43km from Roxburgh this property offers genuine appeal. The vendor is motivated to include an existing lodge for hunting/fishing or there are some stunning sites to build your own.

Gem Lake Station is subdivided into larger blocks with improvements including two musters huts (one a tram car) a woolshed along with sheep and cattle yards.

457 7034

brent.irving@pggwrightson.co.nz

94 | PGG WRIGHTSON REAL ESTATE

Price

by Negotiation Plus GST

WILDEN,WESTOTAGO

194 Wilden Runs Road

’Elgin Farm’ - Simply the Best

1,181.4255 hectares freehold.

Elgin Farm has been faithfully farmed over three generations by the Robinson family, who are now offering a highly productive, well balanced and immaculately presented property to the market. Located in the heart of West Otago. Running 6,000 crossbred ewes, 220 Angus cows plus replacements and some trading cattle.

The property offers a full range of improvements including a substantial five bedroom home with two three bedroom houses, six stand woolshed, covered yards along with two implement sheds, a workshop and four haybarns There are two sets of satellite sheep and one set of cattle yards.

Deadline Private Treaty

Plus GST (if any)

(Unless Sold Prior)

Closes 12.00pm, Tuesday 19 March

pggwre.co.nz/DUN38840

BRENT

‘MOST ADMIRED’ MOA FLAT FARM OFFERED FOR THE FIRST TIME SINCE 1955

One of the most admired farms in West Otago is for sale for the first time in 69 years.

Situated 36 kilometres north of Tapanui, 39 kilometres south west of Roxburgh and carrying approximately 10,500 stock units, Elgin is offered to the market by Brent Irving of PGG Wrightson Real Estate, Otago, on behalf of Craig Robinson, whose grandfather Tom originally purchased what is now an 1181 hectare property in 1955.

Elgin was initially part of Moa Flat Downs, a huge 200,000 hectare station, 30,000 hectares of which was freehold and much more extensively farmed than the land is now. Subdivision of Moa Flat Downs in the 19th century included the creation of Wilden Station, which was subdivided again and balloted in 1930, when the land that became Elgin was the most sought after of the blocks offered, attracting 48 applicants.

Current owner Craig Robinson’s grandfather Tom came into the picture a few years later.

“After struggling immediately after the Second World War, when he entered farm ownership at Mokoreta following demobilisation from the navy, like most others farming at the time, Tom and his wife Mary, my grandmother, prospered when wool prices escalated in the early 1950s, coincidental with the Korean War,” says Craig.

Having moved north to purchase Elgin in 1955, Tom embarked on a programme of fencing, shelter planting and ploughing, as well as aerial dressing, turning what had been tussock country into more productive land. He also built a reputation for owning and training race horses, based on the farm.

On Tom’s retirement in 1976, his son Neil and daughter-in-law Lyn, Craig’s parents, took over Elgin. During the 1980s and 90s they continued ploughing and subdividing the massive blocks of tussock, bringing another 400 hectares into pasture.

“Matagouri was taking over the tussock and the best way to deal with that was to plough it and subdivide. Development loans were available at the time. Dad used a Caterpillar D2 bulldozer to clear the matagouri, and a neighbour with a contracting business came in to giant disk the land. Eventually Dad bought his own 150 horsepower Deutz tractor, and his own set of giant disks.

“Pasture development enabled the farm to shift the cattle to sheep ratio more in favour of sheep. When Neil and Lyn took over from Tom and Mary in 1976 we had 400 cows, 2400 ewes and 500 hoggets. By the time I took over the numbers were 200 cows, 5000 ewes and 1300 hoggets,” says Craig.

Meanwhile, in line with the Robinson’s on-farm development, Moa Flat Water Scheme began operating in 1982. Those improvements resulted in higher stocking levels, enhanced

WEST OTAGO

production and a reduced risk of winter stock losses, setting the farm up as the productive showpiece it is today.

During that era Elgin served to establish the current Robinson generation, Craig and his two younger brothers: middle son Stephen went to Lower Hutt, initially as a bank manager for National Bank and ANZ, before purchasing Upper Hutt MTF Finance; while youngest Andrew became a vet, starting in Clutha, currently practicing in Methven.

Though Neil and Lyn moved to Wanaka in 2001, they have continued active involvement on the farm since Craig took over.

Craig purchased a further 112 hectares, known as Barney’s Block, the home block of the neighbouring Gem Lake Run, in 2014.

With the next generation, Craig’s son Liam and daughter Zara, not inclined to go farming, Craig and partner Lyndal Simpson decided to sell, bringing in Brent.

“Brent grew up on a neighbouring farm, so has known Elgin most of his life, including babysitting me when we were young, and serving as the wool rep for the farm a few years later, so it’s a natural association,” says Craig.

Brent says the farm is a standout for its production, presentation and scale.

“Elgin has been expertly farmed through three generations by a family that sets the highest standards, sparing no expense on infrastructure, and who are now offering their productive, well balanced and immaculately presented property to the market.

“With a full range of improvements, including a substantial centrally heated five bedroom brick home on an elevated site in a mature garden, and two three bedroom houses, Elgin consistently runs 6000 crossbred ewes, 1700 hogget’s, 220 Angus cows including in calf R2 heifers plus replacements, wintering 320 yearling cattle and trading store lambs some years.

“In a locality widely considered one of the best and most reliable in Otago, Elgin has been astutely developed and expanded. Seldom is such a productive, honest, and genuine property, with such scale, offered to the market,” he says.

Elgin ranges from flat to gentle rolling paddocks, with approximately 952 hectares cultivatable, records between 950 to 1050 millimetres of rainfall per annum, sits 450 metres above sea level, and is supplied via four main intakes by the West Otago Water Scheme.

BRENT IRVING

Rural & Lifestyle Sales Consultant

027 457 7034

VIEW ONLINE LISTING AT: pggwre.co.nz/DUN38840

HISTORIC PROPERTY TRACES

150 YEARS OF OTAGO PENINSULA DAIRY FARMING

A 96 hectare Highcliff property, with panoramic harbour and ocean views, and 150 years of the history of local dairy farming is for sale for the first time since 1867.

Craig Bates and Paul Thomson of PGG Wrightson Real Estate, Otago are selling the property on behalf of the Cadzow family, who emigrated from Lanarkshire south of Glasgow to Otago in the mid 1860s.

Stuart Cadzow, now dairy farming in Gippsland, Victoria, is the fifth generation with his siblings, and the fourth generation of children brought up in the farm’s four bedroom stone house.

“Robert and Janet Cadzow were the family’s founding couple in Otago. They had one son born in Scotland, then seven daughters born in New Zealand. They purchased the existing farm in 1867, hired builders to build the house, leased the farm out, then went back to Scotland by clipper ship to finish up there, moving back two years later, by which time the house was finished.

“Built from abundantly available local field stone, it is a grand and stately Victorian era pocket mansion, small though opulent, built to the period’s highest standards, including a roof of Welsh blue-grey slate, two foot thick exterior walls, and fireplaces in four rooms sharing two chimneys. The Cadzows chose the Peninsula’s best spot and planned a dairy farming life from the

start. However, that took a few years, and Robert also worked as a carter, including for William Larnach, who he assisted further down the peninsula to build the well-known landmark known as Larnach Castle,” says Stuart.

Once established, the farm changed minimally. As a boy in the 1930s, Stuart’s father Jack would have seen little difference from his great-grandfather’s time.

“They started milking in 1877, and only stopped in 2022. They housed the cows in byres, putting them out in the daytime and bringing them in at night. A cut and carry operation, they cropped oats, swedes, turnips and fallowed with pasture, storing feed and bedding in lofts and haystacks. Beginning with a small number, the herd increased to 20 cows around the 1940s, mainly British Friesians, plus some Ayrshires and Shorthorns.

“When Dad was young, they had three carts, one for tipping the manure, one was the milk cart, and the other a dray, all three handed down from his grandfather. When a cart broke you didn’t replace it: you took it for the blacksmith or wheelwright to fix, and the same with the ploughs, and the horse-drawn farm equipment. They always had three or four draft horses, plus a couple of hacks. One horse was shod to take the milk to the gate. Horses lasted 15 to 20 years, and in his later years Dad could still tell you the names of all the horses.

OTAGO

His draft horses were Jimmy, Prince and Belle, and the half hacks were Kate and Meg. They bought their first Fergie tractor in 1957, shortly after Dad took over the farm,” says Stuart.

For the first few generations milking was by hand, supplying milk to the city six days a week.

“They built a new style milking barn in the 1920s. Cows entered along a central concrete laneway, still intact today. They were put in stalls of two cows each in the barn, with water and feed troughs set in each stall and head chains used for milking. The milk was put into cans and taken to the gate for collection. Initially vendor-contractors delivered milk to our customers, although through the decades a combination of vendors and family did the deliveries.

“Once electricity was connected in the 1920s, milking was by two overhead railing supported milking plants, powered by a cable in a tray each side of the central lane. At first customers protested against motorised milking. They reckoned the milk didn’t taste the same, so the family turned off the milking plant and went back to hand milking for a while.

“In the end the customers accepted it. Before electric power was connected a single cylinder ex-fishing boat engine also did some horsepower work operating the turnip and swede pulper, making that feed easier to eat and safer for the cows,” says Stuart.

From the early 1950s the Cadzows supplied their milk to Cadbury’s famed Dunedin factory.

After World War Two, the government mandated pasteurisation. A wooden-wheeled Dennis truck took their milk to Dunedin to be pasteurised. Milk collection went from cans to a vat. Cadbury was the last to go to stainless steel, then in the 1990s Cadbury stopped taking milk from individual farms and Jack Cadzow became a Kiwi Cooperative Dairies shareholder-supplier, a few years before the merger that created Fonterra.

“There were many other pioneer established farms on the Otago Peninsula operating the same as us, though they didn’t last into the 1970s, while our farm grew over the years, taking on additional land from neighbours.

“Later on Dad described his life growing up as a form of slavery. After the war the world had changed quickly and people wanted modern careers rather than manual farm work. Attracting farm staff became much more difficult. Mechanisation hadn’t arrived, so he spent hours mucking out the cow pens, all with a fork and shovel, into the wheelbarrow, making a huge manure pile. There was no hosing out. Breaking in land bought from the neighbours was tough. They had a small bulldozer to push gorse out of the sheep farms they’d purchased. When they acquired that land it was soil between the rocks. They had to move the rocks and gorse to make a paddock.

“Milk kept the farm. Our family established in an era when the Scots middle class brought their wealth here and spent it on buildings in Dunedin. Our ancestors saw the potential to supply milk to a growing city, a vision that lasted almost 150 years, sustaining five generations,” says Stuart.

Craig Bates says the property is unique.

“This farm is a fascinating example of local heritage, with a house and buildings that vividly illustrate bygone days. In new ownership these assets are well set for a second life as boutique accommodation, while the views and proximity to Dunedin mean the rest of the property is ideally located for high end subdivision,” Craig says.

Cadzow Farm is offered to the market by deadline sale closing Thursday 21 March, under three options:

Option 1: the total farm of 96 hectares in multiple titles.

Option 2: the main homestead block of 67 hectares in multiple titles.

Option 3: the bare land run off block of 19 hectares in one title.

Back row: Margaret, Robert, Janet, John

Front row: William, Margaret, Roy, John, Alice

Robert and Janet Cadzow were the founding couple.

OTAGOPENINSULA,OTAGO

486 and 310A Highcliff Road

’Rosebank’ - Historic Otago Peninsula Property

96.3031ha. An opportunity exists to purchase a cornerstone historic peninsula property with panoramic harbour and ocean views. Options aplenty for farming, land banking or further subdivision potential. Stone four bedroom home built from local stone, numerous outbuildings & stone fences. Possible boutique B & B accommodation. Build your dream home on this picturesque property. 16ha lifestyle option includes a residential-sized section with paddocks for the family horse.

Option One - Total property - 96.3031ha (seven titles)

Option Two - Homestead block - 79.9534ha (six titles)

Option Three - Lifestyle platform

027 435 3936

027 489 4361

craig.bates@pggwrightson.co.nz

4 1

Deadline Private Treaty

Plus GST (if any)

(Unless Sold Prior)

Closes 12.00pm, Thursday 21 March

pggwre.co.nz/DUN38121

pthomson@pggwrightson.co.nz

PAUL THOMSON

CRAIG BATES

TUAPEKAWEST,OTAGO

202 Kononi Road

Own Your Piece of Productive Paradise

392.7839 hectares.

’Hunter Farm’ has been farmed combining a high performing sheep and cattle property, offering 65 hectares of native bush and a forestry component. The three bedroom family home with sleepout in a private sheltered garden setting adds to this well-balanced property. Other improvements include a four stand woolshed, covered yards, a workshop, an implement and hay sheds. The farm is part of ATA Regenerative and is monitored through the Ecological Observation Verification program.

027 457

brent.irving@pggwrightson.co.nz

For Sale

pggwre.co.nz/DUN39014

BRENT IRVING

HILLEND,SOUTHOTAGO

1156 and 1215 Hillend Rd

Scale and Opportunity with Options

The 407.1843 hectare dairy farm is situated in Hillend, South Otago.

Option One: Run as one unit with two dairy sheds, joined by an underpass. Improvements are four houses, 54 bail rotary shed, 40AS herringbone shed. Milking 985 cows, target for 400,000kg MS 2023/24 season.

Option Two: Barnego Farm. 251.4028 hectares (subject to survey) 54 bail rotary dairy shed, two homes option to lease 34.6 hectares.

Option Three: Metherell Farm. 155.7815 hectares (STS) 40AS herringbone shed, two homes, option to lease 34.6 hectares.

027 457 7034

027 886 0618

Deadline Private Treaty

Plus GST (if any)

(Unless Sold Prior)

Closes 12.00pm, Thursday 14 March pggwre.co.nz/DUN39027 brent.irving@pggwrightson.co.nz

rjnicolson@pggwrightson.co.nz

BRENT IRVING

ROGER NICOLSON

MILTON,SOUTHOTAGO

126 and 205 Big Bush Road

Grandview Farm

725.4344 hectares. Well located farming property in a district renowned for quality stock and good community. Running 3,300 cross-bred sheep (historically 3,610 sheep) and 63 breeding cattle, plus 37.6 hectares of forestry. Low altitude hill property, 200-400 MASL. An excellent range of good improvements including a 2019 four bedroom homestead of 280m² and a tidy four bedroom second home. Farm improvements include a large three stand woolshed and covered yards complex, a new four bay implement shed and two sets of cattle yards. Grandview is very handy to Milton (10km) and Dunedin (75km) with very good improvements.

027 489 4361

craig.bates@pggwrightson.co.nz

Price by Negotiation

Plus GST (if any)

pggwre.co.nz/DUN36829

CRAIG BATES

INCHCLUTHA,SOUTHOTAGO

236 Telegraph Road

On The Island

103.9230ha situated 6.3km from Kaitangata and 14.1km from Balclutha. Additional 24.094ha leased off Clutha District Council. Improvements include a modern three bedroom, A1 Home built in 2014 and a second recently renovated three bedroom home, 36 aside herringbone shed with cup removers, a rectangle yard with 350 cow capacity. Calving down 354 cows peak milking 330, on target for 130,000kg MS. Water from South Bruce scheme 51 units. Contour includes 103.9230ha of fertile Matua and Koau silt loam river flats. This is a well laid out farm in the sought-after dairying area of Inch Clutha, suiting a first farm buyer or ideal as an add on unit.

027

For Sale

pggwre.co.nz/DUN39045 brent.irving@pggwrightson.co.nz

BRENT IRVING

OWAKAVALLEY,SOUTHOTAGO

139 Morris Saddle Road

Skyeburn Farm

812.4648ha. This well presented property is a credit to our vendors, having been faithfully farmed and developed into a well-balanced productive, aesthetically attractive sheep and beef unit. Averaging 6,000 stock units over the past five years, with production lifting as the property is further developed. Skyeburn is located in the sought-after Owaka Valley 8.5km to Owaka and 39km to Balclutha. A full range of well maintained improvements, including a comfortable three bedroom home with a studio, a four stand woolshed, covered yards, a new five bay implement/workshop and an array of other sheds, satellite sheep yards along with cattle yards

Price by Negotiation Plus GST (if any)

pggwre.co.nz/DUN38290 brent.irving@pggwrightson.co.nz 027

TEANAU,SOUTHLAND

102 Talbot Road

Premium Fiordland Deer or Grazing Unit

This incredible grazing unit is set on 267.7ha (660 acres) and has excellent quality deer fencing across the whole farm.

It is mostly flat with a gentle rolling contour with some moderate hills. The unit contains 34 paddocks with a good cropping and re-grassing history and there are superior wide lanes throughout.

The unit has a large, well-equipped deer shed and stock handling, as well as a previous grazing history.

There are numerous large sheds and workshops which are set up for contracting and a tidy three-bedroom home with an office.

This is a truly unique opportunity bordering the Whitestone river.

027

pggwre.co.nz/TAN35145 jim.fortune@pggwrightson.co.nz

JIM

WAIKAIA,SOUTHLAND

440 Stirling Road

Prime Farming Location with Diversification and Scale

Hyde Holme is a well recognised 439.7871 hectare operation with a diverse range of farming options in the popular Waikaia district. Currently the property depastures cattle, sheep, and deer and includes 80 hectares leased for grain. Good balance of soils with mostly flat to easy rolling contour, excellent access via a lane and good road frontage.

Substantial six stand raised board woolshed and three homes offer the opportunity to involve the wider family or a manager. Being situated alongside the Dome Burn river, the property offers 4km of some of the best fishing in the area.

027

Deadline Private Treaty

Plus GST (if any)

No Prior Offers

Closes 12.00pm, Wednesday 20 March PGG

Wrightson, 46 Medway Street, Gore

pggwre.co.nz/INV38699

apatterson@pggwrightson.co.nz

027 434 7636

ANDREW PATTERSON derek.ayson@pggwrightson.co.nz

667 9601

DEREK AYSON

FRESHFORD,SOUTHLAND

130 Freshford Plains Station Road

Premium Farm in Waikaia

Faithfully farmed by the McKee family for over 40 years, this 248 hectare sheep and beef property is an absolute stunner!

A substantial two storey, five bedroom home sits on an elevated, north facing plateau boasting some sensational views towards Waikaia. Farm improvements include a four stand RB woolshed with covered yards, modern galvanised cattle yards, two five bay hay barns, three bay implement shed, plus the iconic “Freshford” goods shed. Subdivided into approximately 50 paddocks with an excellent standard of fencing, a reliable stock water scheme and good fertiliser history, result in some impressive stock production figures.

027 201 0410

allan.thompson@pggwrightson.co.nz

027 667 9601

derek.ayson@pggwrightson.co.nz

$4.6M Plus GST (if any)

pggwre.co.nz/GOR38271

ALLAN THOMPSON

DEREK AYSON

GREENVALE,OTAGO

514 Leithen Road

West Otago Sheep, Beef and Deer Unit

250ha versatile and well presented sheep, beef and deer unit with a good balance of grass paddocks and tussock hill blocks. Farm improvements include an all-weather central lane, rock quarry, numerous shelter belts and tree blocks plus an excellent standard of sheep and deer fencing throughout the property. Thirteen units of water from the Glenkenich water scheme. A good array of farm buildings include a four stand RB woolshed, deer shed with concrete floor, three bay shed/workshop, one 4-bay and two 2-bay implement sheds. A comfortable three bedroom family home with a recently modernised bathroom complements the property nicely.

027 667

derek.ayson@pggwrightson.co.nz

027 201 0410

$2.65M

Plus GST (if any)

pggwre.co.nz/GOR38339

DEREK AYSON

ALLAN THOMPSON

WAIMUMU,SOUTHLAND

55 McGill Road

Dairy Grazing

180.3828 hectares, productive beef finishing unit combined with dairy winter grazing currently and during the reference period. The vendor has regrassed approximately 90% of the property in the last nine years along with the upgrading of the stock water system. Comfortable four bedroom homestead, five stand curved raised board woolshed plus covered yards, cattle yards, four bay implement shed, workshop, seven bay hay barn, mostly rolling contour with excellent re-grassing and cattle grazing history.

027 434 7636

apatterson@pggwrightson.co.nz

027 478 6517

irussell@pggwrightson.co.nz

$3.8M Plus GST (if any)

pggwre.co.nz/INV37391

ANDREW PATTERSON

IAN RUSSELL

FERNDALE,SOUTHLAND

28 Range Road

Bare Land Dairy Support Property

We are privileged to market this highly productive, north facing 164 hectare (subject to survey) dairy support property in a very reliable farming area.

Farm improvements include a set of cattle yards, older woolshed with sheep yards, good central lane system, various shelter plantings and an excellent standard of fencing. A very reliable private water scheme provides ample stock water to 1500L concrete troughs situated throughout the property.

Our vendors are renowned as some of the top dairy graziers in the district, and this shows by the fertiliser applications and soil tests providing quality pastures and crops grown on the property.

027 667 9601

derek.ayson@pggwrightson.co.nz

027 433 2058

robin.greer@pggwrightson.co.nz

Enquiries Over $2.75M

Plus GST (if any)

pggwre.co.nz/GOR37818

DEREK AYSON

ROBIN GREER

WAIHOAKA,SOUTHLAND

206 Waimeamea Road

Orepuki Gem

120.7137 hectares, a picturesque property that provides great views of Fiordland and the Orepuki coastline with an eighties built four bedroom home and a three bedroom weather board cottage with B&B potential.

The property is adjacent to the Longwoods with 20 hectares of native bush in QE 2 Trust. Farm improvements include a three stand raised board woolshed and sheep yards, workshop with hoist and implement shed along with two bay hay shed, 36 paddocks with good fertiliser history, subdivided with post and wire and netting fences.

027 433 2058

robin.greer@pggwrightson.co.nz

$2.1M Plus GST (if any)

pggwre.co.nz/INV38266

ROBIN GREER

TUATAPERE,SOUTHLAND

925 Main Coast Road

The

Wilds of Fiordland

This unique property boundaries the south coast of Fiordland making it remote and isolated. The property comprises 56.65 hectares of freehold land.

Access is limited to this freehold bush-clad location with some of the bush having never been touched. A paradise for the hunter/gatherer or nature lover.

Contact sole agents today for further information.

027 594 8346

jim.fortune@pggwrightson.co.nz

027 431 6533

nrobertson@pggwrightson.co.nz

Enquiries Over $750,000

Plus GST (if any)

pggwre.co.nz/TAN39180

JIM FORTUNE

NICK ROBERTSON

OTAPIRI,SOUTHLAND

939 Benmore Otapiri Road

Central Southland Deer Unit

319 hectares situated just 20km from Winton nestled amidst the foothills of Kauana this property offers a productive deer unit in tranquil surroundings. With a range of features that cater to both productivity and leisure.

The property includes a four-stand raised board woolshed and covered yards, three bay implement shed, deer shed with a concrete floor and power, cattle yards together making livestock handling efficient.

The property boasts 60 hectares of native bush, additional 10 hectares are dedicated to pine trees offering potential for future timber production. Two gravity fed water schemes provide stock water.

027

apatterson@pggwrightson.co.nz

$3.8M Plus GST (if any)

pggwre.co.nz/INV38255

ANDREW PATTERSON

TUSSOCKCREEK,SOUTHLAND

825 Collinson Road

Desirable Bare Land Block

60.7230 hectares situated on a sealed road at Tussock Creek.

All deer fenced with access to roads on two sides. Established shelter with a good potential building platform on the Northern block.

Currently in pasture with infrastructure for water but no source available.

027 434 7636

$1.985M

Plus GST (if any)

pggwre.co.nz/INV38595 apatterson@pggwrightson.co.nz

ANDREW

POURAKINOVALLEY,SOUTHLAND

815 Pourakino Valley Road

Dairy Farm at Run Off Prices

Milking 580 cows this attractive 314 hectare (subject to survey) dairy farm is situated in the Pourakino Valley and is an appealing opportunity.

Flat to easy rolling contour with well drained silt loam soils providing the essential ingredients to a profitable dairy business. Three homes all to healthy homes standard and a 40 aside herringbone cowshed with ample farm buildings. Approximately 225 hectares in effective area producing up to 220,000kg MS with the balance in mostly native bush canopy providing excellent shelter to many parts of the property.

Currently all stock wintered on a 140ha lease property 1km from the dairy unit.

027 434 7636

apatterson@pggwrightson.co.nz

027 201 0410

allan.thompson@pggwrightson.co.nz

$7.3M Plus GST (if any)

pggwre.co.nz/INV37819

ANDREW PATTERSON

ALLAN THOMPSON

WOODLANDS,SOUTHLAND

45 Piercy Road

Dairy Opportunity Woodlands with Options

In a great location, this 153.8387 hectare property consists of a five bedroom homestead, built in 2002, master featuring an ensuite, open plan kitchen, dining, and living areas, plus a separate lounge, three car internal access garaging. Second dwelling with three bedrooms, open plan kitchen, dining, adjoining living, two separate toilets, double attached garage.

40 bail internal rotary cowshed with a GEA Westfalia plant, rectangular yard, Permastone effluent storage and separator system, eight bay calf shed, deer shed, workshop and shearing shed, six bay storage shed with attached workshop, feed pad, calving barn, three bay calf shed.

027

Price by Negotiation Plus GST (if any)

pggwre.co.nz/INV38735 apatterson@pggwrightson.co.nz

ANDREW PATTERSON

SEAWARDDOWNS,SOUTHLAND

102 Lowe Road

Dairy Farm or Dairy Support

Great location set on 85.8566 hectares with all the necessary infrastructure. Substantial home, good milking shed, wintering shed, and supporting sheds along with good soils make this a great opportunity.

This is a rare opportunity to purchase a property with many land use options in such a sought after location.

027 433 2058

robin.greer@pggwrightson.co.nz

$2.999M Plus GST (if any)

pggwre.co.nz/INV37079

ROBIN GREER

MENZIESFERRY,SOUTHLAND

224 Winter Road

Great Location and Soils

79.8806 hectares, handy to both Edendale and Wyndham. This property offers many options being in thirteen titles, having good access via long road frontages, a great building site, woolshed, sheep yards, and cattle yards.

What an opportunity to get on the property ladder, add to your existing enterprise or down scale and build your new home!

027 433 2058

robin.greer@pggwrightson.co.nz

$1.35M

Plus GST (if any)

pggwre.co.nz/INV38744

ROBIN

906

Is This Your Opportunity?

136.5106

pggwre.co.nz/INV36892

027

ROBIN