Property Express Spring 2018

“...Scale, aesthetics and strong productivity...�

(See page 31 for details about this fabulous property)

SPRING 2018 | www.pggwre.co.nz/property-express

Welcome An excellent time to sell or buy sheep and beef property

Several factors are working in favour of farmers at present, particularly those in the sheep and beef sector. Processors are paying $8 per kilogram for lambs, the beef schedule has remained firm for months, foreign exchange is tipping in favour of primary producers, and interest rates are holding fast at all time lows. These are positive trends.

In horticulture, the news is also rosy, with plenty of development in many regions as growers and investors take advantage of buoyant demand from eager export markets.

Orchards, vineyards and development blocks for grapes, kiwifruit, avocados, pip-fruit and stone-fruit, in regions including Bay of Plenty, Hawke’s Bay, Marlborough and Central Otago are selling at record levels. Markets in these sectors are only hindered by the lack of land available to buy or develop.

Although the dairy payout is less encouraging than where it was a few months ago, it is still high enough to suggest dairy farmers are in for a reasonable season.

Pastoral farms selling towards the end of last

season at values approaching benchmark levels, livestock sales, the appetite for pastoral improvement and evidence of other types of on-farm investment all point to a high degree of farmer confidence.

That said, wet weather particularly in the North Island, means several farms that would otherwise have come onto the market in early spring will now not be listed for sale for another few weeks.

In rural property, sheep and beef farms look set to feature strongly this spring and summer. Record returns and high confidence levels are reflected in the demand for breeding and finishing farms in most regions.

This sector is definitely a seller’s market.

Anyone offering a sheep and beef farm for spring sale can expect a satisfactory result.

In other cases, the high returns on offer for red meat may motivate farmers to capitalise on the income stream for one more propitious season, and hold off on selling land now, rather than taking advantage of the enthusiasm of the rural property market. Farmers may be tempted to cash in on a favourable market for their produce, particularly if this is the high point for their generation. Whether that is the wisest decision in the long run, and risks subsequently going to the property market in competition with a higher number of future listings, remains to be seen.

As you will see in this edition of PGG Wrightson Real Estate’s flagship publication Property Express, some exceptional sheep and beef farms are for sale. Active buyers are primed to seize on these properties and it is safe to assume that sales will eventuate at or approaching record levels.

Cyclical issues around farm ownership and career progression are motivating those who seek to sell. Many older farmers, who may have been contemplating down-sizing for several years, will recognise this as an opportune time to go to the market. In this generation, increasingly complex compliance requirements can be an added incentive to pass on the farm to a new owner.

Therefore, while the spring rural property market seems to be set fair for some positive activity over the coming months, this needs to be proven with actual sales. In the event, the early spring selling season may be pushed out, and buyers and sellers may not properly come together until November or December.

Willing buyers are seeking property in most farm types, which looks unlikely to change

through the rest of the year. Although the supply of desirable farms should increase, it will not exceed demand and values should therefore hold firm.

To evaluate your options to buy or sell rural property, contact a PGG Wrightson Real Estate salesperson at a local office near you.

We cover the country with a broad team, encompassing deep experience and decades of local knowledge, linked to an unsurpassed network fully attuned to those who do business on the land.

We look forward to providing independent advice to assist you to achieve your rural property objectives.

“...scale, aesthetics and strong productivity...” (see page 31 for property listing details)

Contents Page

Our Offices ............................................................................ 2 Our Company....................................................................... 3 Significant Sales .................................................................. 4 North Island Properties .....................................................5 Small farm with huge views ........................................ 16

Peter Newbold General Manager, PGG Wrightson Real Estate Limited

Much admired Waikato sheep & beef farm for sale .................................................................................. 23 Large coastal finishing property combines scale, aesthetics and strong productivity ............................ 31 Reid brothers end 122 year family tenure .............. 38 REINZ awards .................................................................... 49 South Island properties ................................................. 50 Sale of Kilkishen Farm signals end of an era for family and district ..................................................... 56 Much admired North Canterbury farm selling for the first time in 110 years ........................ 66 Organics a ‘no brainer’ for Bina ................................... 87 Regional update .............................................................. 96 A closer look ....................................................................... 98 PGG Wrightson Real Estate Limited is acting solely as the selling agent for the vendor, and is not responsible for the accuracy and completeness of information supplied by the vendor either directly or via PGG Wrightson Real Estate Limited, whether contained in an information memorandum or otherwise. PGG Wrightson Real Estate Limited has not verified such information and PGG Wrightson Real Estate Limited is not liable to any party, including the purchaser, for the accuracy or completeness of such information. Potential purchasers and investors should also note that the vendor is responsible for obtaining legal advice on any Securities Law aspects associated with the proposed transaction and that PGG Wrightson Real Estate Limited is not a promoter for Securities Law purposes but is solely acting in its professional capacity as a selling agent.

Helping grow the country

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Our Offices For specialist knowledge on buying and selling real estate throughout New Zealand, contact your local PGG Wrightson Real Estate branch.

North Island Kaitaia 09 408 6130 Kerikeri 09 407 4832 Whangarei 09 470 2522 Dargaville 09 439 3342 Pukekohe 09 237 2014 Wellsford 09 470 2522 Hamilton 07 858 5338 Matamata 07 888 4572 Te Kuiti 07 878 0265 Morrinsville 07 889 0171 Cambridge 07 823 0647 Te Awamutu 07 870 6219 Putaruru 07 882 1485 Tauranga 07 571 5795 Rotorua 07 349 5486 Waihi 07 863 6589 Katikati 07 571 5795 Te Puke 07 571 5795 Whakatane 07 349 5486 Taupo 07 377 8928 Hastings 06 878 3156 Waipukurau 06 858 6073 Wairoa 06 838 8059 Feilding 06 323 0076 Levin 06 367 0820 Taihape 06 323 0076 Marton 06 323 0076 Dannevirke 06 374 4630 Masterton 06 370 1866

Geraldine Fairlie Oamaru Cromwell Alexandra Dunedin Mosgiel Balclutha Te Anau Gore Invercargill

03 687 7330 03 685 9092 03 433 1340 03 445 3735 03 440 2380 03 470 0317 03 470 0317 03 418 1381 03 249 8611 03 209 0300 03 211 3130

PGG Wrightson Real Estate office locations (Store placement and regional lines are an indication only - map details are not to scale ) PGG Wrightson Real Estate sub-office

Northland

Waikato

Hawkes Bay/ Manawatu/Wairarapa

Nelson/Marlborough

Canterbury/ West Coast

South Island Nelson Blenheim Kaikoura Greymouth Rangiora Christchurch Ashburton Timaru

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Bay of Plenty/South Waikato/ Central Plateau

Mid/South Canterbury

03 543 8590 03 578 3019 03 578 3019 03 768 1222 03 313 0610 03 341 4301 03 307 8700 03 687 7330

New Zealand’s leading rural real estate company

North Otago

Otago/Central Otago

Southland

Our Company PGG Wrightson Real Estate is one of New Zealand’s largest single full-service real estate companies and is well-placed to offer exceptional specialist service throughout the nation. With 34 offices nationwide and a network of over 160 salespeople, our rural 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 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 and “go the extra mile” to help our clients succeed.

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

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.

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 rural, lifestyle or rural-residential.

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 almost 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.

Connecting people with property

“Kilkishen Farm” (to read about this spectacular property, go to page 54)

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Significant sales The following is a sneak peek into the past few months’ successful sales from our top regions nationwide. If you are after local knowledge, experience and the best outcome, contact our real estate specialists today to get your property listed and sold! Date Range: 26 March - 1 October 2018.

SOLD

SOLD

SOLD

Cambridge 92.6ha

Paengaroa 138ha

Paengaroa 7.11ha

Awakeri 82.49ha

Martin Lee

Dave McLaren

Stan Robb

Stewart Morrison

Selling at auction in May this prime Cambridge dairy farm, on the edge of town, milks cows year round as well as split autumn and spring calving. The property has a 40 bail external rotary along with an older three bedroom homestead and two bedroom cottage.

This dairy farm, which milked 320 cows, was sold in June. The property has large portions of horticultural land available which made it an attractive purchase by a local family who will use it as a kiwifruit greenfields development.

This property comprises of 6.29 canopy hectares of premium G3 Gold kiwifruit with fruit counts exceeding 16,000 trays per hectare. Sold in April, the orchard also offers an extensive computer controlled frost and irrigation system via 12 inch bore.

Sold in June by tender this dairy farm is located on the Rangitaiki Plains and produces up to 1400 kilograms of milksolids per hectare from 340 cows. The property was purchased by a neighbour to extend their dairy production.

SOLD

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SOLD

SOLD

SOLD

SOLD

Hurunui 185.24ha

Manapouri 1,358.8ha

Waitahuna 835.18ha

Awamoko 623.69ha

Peter Crean

Peter Lewis & Andrew Patterson

Stewart & Jason Rutter

Dave Finlay

This finishing block has two good homes and a full array of farm building infrastructure. The property offers excellent irrigation, good soils and produced large quantities of standing grass silage to regular purchasers. The property was sold in June to a neighbouring dairy farmer.

One of a series of Landcorp farms sold over the last year, Jericho Farm sold by tender in March. The sheep and cattle finishing farm, carrying approximately 8,500 stock units, has a balance of flat to rolling contour and offers a full range of building infrastructure.

Rutherglen has a long history beginning in 1880. Sold in April the sheep and beef finishing property is situated 89km from Dunedin and has three substantial four bedroom homesteads. This area is renowned for being healthy stock country and has a unique micro-climate.

This grazing and cropping property produces good yields of pasture and feed crops. Sold in May to a local dairy farming group, the property has 176ha spray irrigation with potential to irrigate 400ha from a private bore, the Lower Waitaki and North Otago Irrigation Companies.

New Zealands leading rural real estate company

North Island Higher than average winter rainfall in most districts means the North Island farm selling season may not fully engage until October or November.

A 92.5 hectare Cambridge property sold at auction in May for $11.1 million, or just short of $120,000 per hectare, a record for a Waikato dairy farm.

A 1,026 hectare Mahoenui, King Country finishing property sold in June.

Values for premium gold kiwifruit orchards sit above $1 million per canopy hectare, while similarly appealing green kiwifruit orchards rate at $450,000.

Hawke’s Bay prices for bare land suitable for pipfruit and stonefruit orchards range from $100,000 to $150,000 per hectare.

A 790 hectare coastal Kauri Flat, Te Akau cattle finishing property is listed for sale and likely to attract keen interest.

Grassy Downs, a 286 hectare Tauwhare model sheep and cattle breeding and finishing unit, in one of the most desirable Waikato farming locations, is listed for spring sale.

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Pakaraka, Far North

Quality Grazing / Fattening Farm

$2.65M

• 194.6ha - well presented three bedroom home with double garage and sleepout • Covered cattle yards and various implement / hay sheds • Excellent water supply and approximately 100 paddocks • Approx. 70ha Aponga Clay and balance Ohaeawai silt and bouldery silt loam soils • Short river boundary and mature native trees • Winters 480 cattle. All trading stock fattened.

Plus GST (if any)

This is a very attractive block of land in a sought after area with a fantastic mix of complementary seasonally strong soils.

Andrew Ludbrook

Rex Robb

B 09 407 4833 | M 027 254 4784

B 09 407 4838 | M 027 441 1383

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New Zealand's leading rural real estate company

www.pggwre.co.nz/KER28955

Ruawai, Northland

Large Dairy Farm What a great opportunity to purchase two dairy farms Consisting of 319.1524 hectares, mainly flat to rolling contour Main dairy farm milking 500 cows with an average milk production of 173,000kg MS Smaller farm milking 200 cows with an average milk production of 67,000kg MS Limestone quarry, great for farm races or foundation work Three family homes

Sale By Deadline Plus GST (if any) (Unless Sold Prior) Closes 2.00pm, Thursday, 8 November

www.pggwre.co.nz/DAG27809

Ron Grbin B 09 439 3354 | M 027 471 6388 | H 09 439 3354

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Te Kopuru, Northland

Very Picturesque Property Beautiful property overlooking the Kaipara Harbour and the Northern Wairoa River 193.4472 hectares in eight titles Large four bedroom family home with great elevation which gives excellent views of the surrounding farm land and river 21 ASHB shed, multiple other sheds Milking 240 cows plus rearing 322 calves Second two bedroom dwelling for workers accommodation

Ron Grbin B 09 439 3354 | M 027 471 6388 | H 09 439 3354

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New Zealand's leading rural real estate company

Sale By Deadline Plus GST (if any) (Unless Sold Prior) Closes 2.00pm, Thursday, 1 November

www.pggwre.co.nz/DAG28994

Te Kopuru, Northland

Dairy or Horticulture - Opportunity Here

Tender

• 116 hectares (all flat contour) • Very fertile and productive • 30 ASHB - Alpha plant • Feed pad, wintering barns • Three bay implement shed • Two three bedroom homes

Plus GST (if any) (Unless Sold By Private Treaty) Closes 2.00pm, Friday, 16 November

www.pggwre.co.nz/DAG28925

A great opportunity here to purchase this very productive land either for dairy or horticulture use. With the vendors downsizing their farming portfolio the opportunity is here to purchase this very fertile farm.

Megan Browning B 09 439 3344 | M 027 668 8468 | H 09 439 4457

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Dargaville, Northland

Vendors Ready to Move On 147 hectares productive fertile land, 70% tile drained Large three bedroom modernised and renovated Kauri Villa Three bedroom Villa second home 27 ASHB cowshed with new ice bank for refrigeration, five and four bay calf implement sheds, feed pad, calving pad, maize bin Milking 310 cows once a day this season A great opportunity to purchase this very productive dairy farm

Megan Browning B 09 439 3344 | M 027 668 8468 | H 09 439 4457

10 New Zealand's leading rural real estate company

$2.9M Plus GST (if any)

www.pggwre.co.nz/DAG29023

Ararua, Northland

Large Affordable Dairy/Beef Farm

$4.15M

• 356.5635ha in nine titles • Predominantly easy rolling to medium contour • 32 aside cowshed with in-shed feeding • Modern eight-bay calf shed, five-bay implement shed • Feed pad with bins, two loafing/calving pads, limestone quarry on farm • Four bedroom main home plus three more dwellings

Plus GST (if any)

www.pggwre.co.nz/WEL28558

Scott Tapp B 09 423 9717 | M 021 418 161 | H 09 425 8161

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Te Arai, Auckland

Low Input Te Arai Dairy Unit

Price by Negotiation

• 152.71ha of flat to easy contour, 29 ASHB and support shedding • Best production of 109,000kgMS, regular re-grassing and cropping program • Tidy four bedroom, two bathroom home • Mangawhai and Te Arai beach a short drive away

Plus GST (if any)

This ideally located dairy unit has been farmed with a low cost grass based system in order to achieve reliable consistent production. Vendors are down scaling so this much loved property is genuinely for sale.

Scott Tapp B 09 423 9717 | M 021 418 161 | H 09 425 8161

12 New Zealand's leading rural real estate company

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www.pggwre.co.nz/WEL28379

Glorit, Auckland

Highly Profitable Dairy Unit with Location and Scale

Price by Negotiation

• 319.4066ha of flat to easy contour in four titles • Huge harbour aspect with private airstrip and jetty • 50 bail rotary cowshed with auto cup removers, auto teat spray • Adjoining 600+ cow feed pad, flood washed, part rubber matted • Two tidy homes, plus one bedroom self-contained unit • Limestone quarry, excellent water supply and raceways

Plus GST (if any)

www.pggwre.co.nz/WEL29055

Scott Tapp B 09 423 9717 | M 021 418 161 | H 09 425 8161

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Kaukapakapa, Auckland

Ideal Harbourside Grazing or Dairy Block

$3.495M

• 146.9ha of easy rolling to flat contour, good reliable deep water bore supply • Four bedroom home with modern kitchen • Upgraded 16 ASHB dairy shed with good support building

Plus GST (if any)

This dairy/grazing unit is ideally located only 24km from Auckland's Northern motorway while feeling a million miles away, with its secluded views of the Kaipara Harbour and beyond. Family run farm of more than 30 years. Future subdivision opportunities currently being explored with information available for genuine enquiries.

www.pggwre.co.nz/WEL28938

Scott Tapp B 09 423 9717 | M 021 418 161 | H 09 425 8161

14 New Zealand's leading rural real estate company

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Helensville, Auckland

Secure Investment on Town Boundary 116.65ha of almost all laser drained river flats. 36 ASHB cowshed, large plant, 500sqm yard. Very nice four bedroom home with separate living areas. Excellent deep water bore, good race network. Best production of 117,000kg MS, three year average of 108,886kg MS. This consistently high performing dairy unit is literally located on the Helensville town boundary. Palm Kernel has never been on this impressive unit, with a small amount of Maize silage grown off farm to go with the balance grown on farm for pasture renovation. Going concern option with livestock at valuation, preferred option.

$5.295M (Land and Buildings Only) Plus GST (if any) 4

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www.pggwre.co.nz/WEL29058

Scott Tapp B 09 423 9717 | M 021 418 161 | H 09 425 8161

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Small farm with huge views A small Clevedon dry stock farm is for sale, with huge views across the Hauraki Gulf. Located at Wairoa Bay, 41 kilometres east of Otahuhu, the 40 hectare coastal property is listed for sale by Jim Scorrar, of PGG Wrightson Real Estate, Pukekohe. He says it has an outstanding outlook, within easy reach of Auckland.

16 New Zealand’s leading rural real estate company

of pines on the farm which suffered extensive damage during Cyclone Bola.

We took all the pines out, ground the stumps, re-irrigated and re-fenced the whole farm. All the new fencing is with eight wire post and batten fences and the farm is now subdivided into ten main paddocks. All fencing is electrified and we have a central race servicing the front paddocks. We dammed and built five ponds around the streams that run through the property, which supplements the farm’s water supply that comes from a 30 metre bore,” he says.

“From the top of the property you are overwhelmed by big, beautiful northerly sea views. You can look out to Clevedon, the bottom end of Waiheke Island, across to Pounui Island and around to the Coromandel. It also has its own direct access to the Firth of Thames. There are not many rural locations within such close proximity of the Auckland CBD and this one is absolutely stunning,” he said.

Current owner Warren Tyer has had the farm since the early 2000s, fattening sheep and cattle alongside an engineering business he owns in Otahuhu.

“This is somewhere between a large lifestyle property and a small farm. It is set up to run manageably and to provide supplementary income.

“After work, one of the big attractions from here, on the right tide you can take a kayak out to the ocean within about 15 minutes,” he says.

Jim says the locality is a perfect bolthole.

“Plenty of people with property nearby work in town and either have an apartment there, coming down for the weekend, or commute, which is an easy run either in the car or via the ferry,” he says.

Warren has undertaken wide-ranging improvements since he purchased the property.

“Back then there was a big plantation

According to Jim, Warren has farmed the property conservatively.

“A balanced fertiliser programme over the years is evident in the strong pasture and there is an excellent set of sheep and cattle yards, with the sheep yards fully automated.

“It is mainly easy rolling farmland and is well supported by a good array of improvements, which includes a new large workshop and storage area, calf sheds and stables,” he says.

Taking advantage of the views, the large four-bedroom, multi-wing, two-storey board and batten home sits in a wellestablished garden setting and has its own unique style. Originally a modest 1930s farmhouse dating back to the property’s traditional dairy farm origins, it has been progressively added to over the years and is now topped by a lookout tower to make the most of the coastal views.

Jim says a new owner might be tempted to utilise an additional revenue stream presented by the farm.

“Wairoa Bay, and this property in particular, has unique potential for social functions and adventure based tourism. Its proximity to the city, superior location and views offer definite scope for creative hosting, hospitality or other ventures, and a new owner looking

to make the most of that will only be limited by their imagination.

“Further inspiration for anyone interested in taking the property in that direction is close to hand, at Kauri Bay Boom Rock, a few hundred metres away, which is a recently developed high spec event, conference and wedding venue that makes excellent use of the spectacular location,” he says.

For more information, see page 18.

Contact Jim Scorrar on 027 481 1811 or go to www.pggwre.co.nz/PUK29004

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Kawakawa Bay, Auckland City

Wairoa Bay Farming - Clevedon PGG Wrightson are proud to be marketing this superb 40ha dry stock farm located along South Auckland's Coastal Scenic Drive and within an easy commute to Auckland's CBD. The property features extensive and stunning northerly sea views and its own direct access to the Firth of Thames, Hauraki Gulf and all its islands. The farm has undergone an extensive improvement programme which included further subdivision, all new fencing an improved water supply and a new multi-purpose four door 12x17x4.2m high barn. A large four bedroom residence completes this unique and well located property.

Jim Scorrar B 09 237 2042 | M 027 481 1811 | H 09 292 8680

18 New Zealand's leading rural real estate company

Price by Negotiation 4

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www.pggwre.co.nz/PUK29004

Clevedon, Manukau

The Closing of a 143 Year Chapter

Tender

Originally bought by the Munro family in 1875, six generations later the legacy is coming to an end and it is time to sell. Located six kilometres from the township of Clevedon, farms of this size are the exception not the rule. A mature Kauri tree dating back to before the Munros' purchased the property holds pride of place. It, to this day still stands surveying the surrounding bush and farm. 127.4023ha more or less. Sheep and beef finishing farm. Two titles. Opportunity to either purchase the whole farm or as individual lots will be considered.

Plus GST (if any) Unless Sold Prior Closes 4.00pm, Thursday 1 November

Mark Needham

Adrian van Mil

B 09 237 0644 | M 027 704 6833

B 09 237 2041 | M 027 473 3632

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www.pggwre.co.nz/PUK28432

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Waihou, Waikato

Winter Milk Dairy

Price by Negotiation

Located in the Waikato, this property has much to offer. Located 6km from Te Aroha, is this well established dairy unit with attached 29ha lease next door.

Plus GST (if any)

The property offers a very good standard of improvement with a 28 ASHB dairy shed with 20 sets of cups. Three bay American style barn, and ½ round barn and a tidy three bedroom home with separate garage.

Excellent fencing and well formed races, new effluent system in place with good bore water supply.

Allister Coombe M 027 507 7622

20 New Zealand's leading rural real estate company

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www.pggwre.co.nz/MOR28999

Te Mata, Raglan

Productive Desirable Farm

$2.45M

A productive 83ha grazing/finishing block in Te Mata, near Raglan, is suitable as a stand alone grazing block or a dairy support block. Over half of the farm could be mown for silage with the rest gentle rolling hill, all easily fertilised from the ground. The property features a comfortable 1930's four bedroom home plus office, two bathrooms, two living areas, set in mature grounds with beautiful trees and a tennis court. There are sheds to store farm equipment, a wool-shed and cattle yards. Very reliable water supply reticulated to a trough in each paddock. Vendors are flexible on settlement date.

Plus GST (if any) 4

2

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www.pggwre.co.nz/HAM27988

Richard Thomson M 027 294 8625

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Waerenga, Waikato

Lovely Lifestyle Farm Good sized modern home on elevated site. Self contained upstairs flat Nice outlook, good indoor/outdoor, large orchard, plenty of vehicle room Good buildings with both sheep and cattle facilities Excellent fencing, mainly seven wire P&B and 40 paddocks Fenced wetland area with pond and plantings plus a 1.8ha covenanted bush area Mainly easy contour and very good water, great fertiliser history with excellent weed free pasture

John Sisley M 027 475 9808

22 New Zealand's leading rural real estate company

Auction Plus GST (if any) (Unless Sold Prior) 11.00am, Wednesday 7 November 7

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www.pggwre.co.nz/HAM29020

Much admired Waikato sheep & beef farm for sale A widely-admired Waikato sheep and cattle farm is for sale.

PGG Wrightson Waikato Real Estate Manager John Sisley is presenting 286 hectare Grassy Downs to the market for Neville and Carole Woodcock. John Sisley says the farm’s aesthetic appeal, exceptional presentation and quality location give it definite ‘x’ factor.

“Situated in Tauwhare, Grassy Downs is extremely desirably located, 23 kilometres east of Hamilton, 18

kilometres north of Cambridge and 18 kilometres south of Morrinsville.

Operated for many years as a conventional sheep and cattle breeding and finishing unit, under its current system all stock are bred and finished on farm,” says John.

Neville Woodcock first came onto the farm in 1960 with his father Ray.

Helping grow the country 23

“Dad previously had a dairy farm at Tamahere, near Hamilton. He started out as a carpenter with a market garden block in Onehunga, which he built houses on in 1927. He used the capital from selling those to buy the Tamahere farm with his father, Howard. Although he was a dairy farmer, Dad really wanted to go to sheep and beef. With relative farm values at the time, he was able to sell one hectare in Tamahere and buy five hectares here.

“Dad set the two of us up in a partnership. I had been out of school two years, working with him on the dairy farm. He was a progressive thinker and over the years I gradually took a greater share in the farm,” says Neville.

Initially they bought Grassy Downs as a going concern, taking the stock with the farm. A couple of years later, Ray and Neville bought 30 head of Angus cattle from a neighbour.

“We used them as the basis of a herd that we have maintained ever since, improving our bloodlines by buying in

high performing bulls from Mangapapa Stud in Kawhia.

“With the sheep, as Waikato is susceptible to facial eczema, in 1990 we decided to buy rams for our Romney flock from Keith Abbott, also of Kawhia.

His flock has among the best facial eczema tolerance in New Zealand, which helped tremendously. With the 40 per cent of ewes that go to a terminal sire, we use Texel rams, and have found the cross produces an excellent prime lamb,” says Neville.

He married Carole, who taught languages in Hamilton, in 1969. They raised three daughters on the farm.

In the beginning Grassy Downs relied on horses.

“When we moved here there was no track to the top paddocks. We used a sleigh to feed out. I didn’t enjoy riding horses, and once motorbikes came in, in the early 60s, that suited me better. I was one of the first to buy a motorbike and have used them on the farm ever since.

24 New Zealand’s leading rural real estate company

“We had major droughts in 2008 and 2014. Those years we sent all the cattle off the farm. In the first year they went to Waipu, North Auckland, and the second they went to Raglan. That was a smart decision. Sending them away early meant we didn’t have to rely on supplements or fret over stock health. By the time they came back they were still in excellent condition and we didn’t miss a beat,” he says.

Grassy Downs’ proximity to LIC in Hamilton and Ruakura Research Centre attracts overseas VIPs. Combining breeding and finishing in a single operation, it is an obvious stop for delegations looking at best New Zealand farming practice. Visitors have included ministers of agriculture from the EU, the US, China and Korea, among others.

Neville’s membership of Rotary has opened Grassy Downs to many other overseas visitors.

“We organised an annual event for Waikato University’s overseas students for the past 25 years. This gives an authentic New Zealand farm experience to between 60 and 80 students each year. We demonstrate shearing, show dogs working a mob of sheep and provide a barbecue. Overseas students enjoy it and it is great fun to host. We will miss it when we leave the farm,” he says.

structural improvements make this the complete package. Neville and Carole have achieved 120 per cent lambing and 95 per cent calving rates in recent seasons. Grassy Downs lambs average 18 kilograms slaughter weight, with surplus cattle killed at around 340 kilograms hook weight. Neville and Carole farm Grassy Downs in conjunction with Chudleigh, a 65 hectare easy country block located two kilometres away, which is also available to purchase.

than through an average winter. Plenty of potential buyers will take an interest in an exceptional listing that ticks as many boxes as this one,” he says.

Currently carrying around 4500 stock units, comprising approximately 50 per cent sheep and 50 per cent cattle, Grassy Downs is for sale by tender, with offers sought by or before 20 November.

“Waikato properties this size and scale are jealously guarded and rarely come to the market. Grassy Downs is one of the most appealing farms offered for sale in the district for several years,” says John.

John Sisley rates Grassy Downs one of the best farms he has listed in 26 years marketing rural property.

According to John Sisley, the North Island’s winter market for sheep and beef farms was buoyant.

“Contour is predominantly easy hill, with approximately 25 to 30 per cent steeper, while the fencing, reticulated stream water, strong clean pastures and superior

“With red meat returns so favourable, sector optimism is holding up well.

Inquiry during winter, especially from potential vendors, was markedly higher

For more information, see page 26.

Contact John Sisley on 027 475 9808 or go to www.pggwre.co.nz/HAM28732

Helping grow the country 25

Tauwhare, Waikato

Grassy Downs Faithfully farmed and first time on the market in 58 years Mainly easy hill, some flats and some steeper sidlings Good pastures that are clean and weed free. Troughed water throughout - very good conventional fencing (approx. 20 paddocks). Excellent fertiliser history One, or both, of two comfortable homes available on two separate titles, HAM28754, HAM28755 65ha of near flat land also available for purchase with this property, HAM28749

John Sisley M 027 475 9808

26 New Zealand's leading rural real estate company

Tender Plus GST (if any) (Unless Sold By Private Treaty) Closes 3.00pm, Thursday 22 November

www.pggwre.co.nz/HAM28732

Cambridge, Waipa

Options are the Key

Auction

119.7ha dairy farm or potential as sand quarry, asparagus, kiwifruit, horse stud, dairy goats or sheep, with three titles allowing for subdivisional potential.

Golden opportunity to purchase an historic dairy farm 3.5km from Cambridge town clock. This property is a testament to the four generations that have farmed here over the last 125 years. Currently milking 264 cows supplying an average of 105,000kgMS with replacements grazed off. Farm buildings including a 24 ASHB shed with meal feeding system is supplemented by a full range of support buildings.

Plus GST (if any) (Unless Sold Prior) 11.00am, Thursday 15 November PGGWRE Cambridge Office, 87 Duke Street

www.pggwre.co.nz/CAM29043

Martin Lee M 027 497 0830

Helping grow the country 27

Putaruru, South Waikato

Potential Plus, Dairy Farm

Price by Negotiation

• Potential plus, dairy farm, make no mistakes this property is seriously for sale • 109.75ha, approximately 95ha of flat to easy rolling contour with some steeper sidlings • Presently milking 230 cows through a 21 ASHB cow shed • Three bedroom Huntly brick home with amazing views • Multiple shedding and support buildings • This is an opportunity worthy of your inspection • Motivated vendors have new horizons to seek.

Plus GST (if any)

Richard Leach B 07 882 1485 | M 027 472 7785 | H 07 883 1844

28 New Zealand's leading rural real estate company

www.pggwre.co.nz/PUT23067

Mangaotaki, Waitomo District

Cattle Grazing Contour - Reliable Rainfall Farm

Auction

304 hectares- approximately 273 hectares effective.

2018 wintered - 172 R2 heifers, 238 R1 heifers, 18 R2 bulls and seven carry over cows.

Five bedroom homestead, four stand wool shed and associated farm buildings.

Predominantly easy contour with balance medium hill with some steeper sidlings.

Plus GST (if any) (Unless Sold Prior) 11.00am, Friday 14 December Panorama Motor Inn, Awakino Road, Te Kuiti

www.pggwre.co.nz/TEK28426

Peter Wylie B 07 878 0265 | M 027 473 5855 | H 0800 735 578

Helping grow the country 29

Otorohanga Surrounds, Waikato

A Farm on the Move

Tender

180 hectares, more or less.

Last three years have been averaging 360/380 cows, 108,800MS. Two dwellings, 40 ASHB, feed pad and ample farm buildings.

Contour is approximately 80ha flat and easy, 64ha moderate rolling and 28ha of hill.

Balance is pine and bush.

Vendors have cropped and re-grassed 100ha in the past three years.

Vendor instructions are to sell!

Plus GST (if any) (Unless Sold By Private Treaty) Closes 2.00pm, Friday 7 December PGGWRE, 57 Rora Street, Te Kuiti

Peter Wylie B 07 878 0265 | M 027 473 5855 | H 0800 735 578

30 New Zealand's leading rural real estate company

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www.pggwre.co.nz/TEK28874

Large coastal finishing property combines scale, aesthetics and strong productivity A large coastal property, on the shores of Raglan Harbour, finishing around 1100 head of cattle is for sale.

Helping grow the country 31

Richard Thomson of PGG Wrightson Real Estate, Hamilton is selling the 790 hectare Kauri Flat, Te Akau property, which he says has impeccable improvements and an exceptional suite of lifestyle attractions.

“This truly is an A list property with scale, aesthetics and strong productive land.

Currently a large beef finishing farm, running bulls and steers, its standard of infrastructure cannot be faulted.

“Improvements undertaken in the last ten years include two new sets of cattle yards, a well-designed race system with electric fencing throughout and extensive fencing of all internal waterways.

“Aside from its productive base, lifestyle elements include duck shooting, marlin fishing from an all tide boat ramp built for an eight-metre boat, whitebait, a water ski lane and native bush. A perfect lookout over the constantly changing harbour is an outstanding and unique feature for such a high-quality farm,” he says.

Four modern dwellings, comprising two large six bedroom homes and two cottages, have all been built on the farm, or extensively refurbished, in the past decade. Recently renovated to a high standard, the main home is well positioned, facing north for all day sun.

32 New Zealand’s leading rural real estate company

More than 25 kilometres of fully fenced harbour frontages give the property another strong farming benefit, according to Richard Thomson.

Located 60 kilometres west of Hamilton and 40 kilometres north of Raglan by road, crossing the harbour to Raglan is a much shorter journey.

“Due to its extensive water boundaries, the farm only has one neighbour. Therefore, potential contact with other cattle is minimal, and if necessary, the stock could be essentially quarantined. For example, if the property were to become a highend stud business, with strong incentive to protect the genetics, it would be easy to isolate the stock, which in the current circumstances presents as a significant advantage,” he says.

“Under earlier ownership the farm ran as two independent properties. That operation could easily be reinstated, dividing it back into a 430 hectare and a 360 hectare unit, each of which has two modern homes and can be run separately with its own water supply and reticulation, race systems, yards and other farming infrastructure.

At present, stock comprise an approximately even mix of bulls and steers, predominantly Angus, with some Charolais. Richard Thomson says the steers are typically brought in from elsewhere in the North Island at around 270 kilograms and sent out within 12 months at double that weight. Bulls come in at between 290 and 300 kilograms and leave at between 650 and 800 kilograms.

“If separated, one of these units would suit as a dairy support property.

“In total, the farm comprises of 14 different titles, and on that basis, in this location, will carry significant land bank value for any purchaser with one eye on the long term,” he says.

Richard Thomson is selling the property on behalf of Miles and Vicki Worsley, who have owned it since 2008 and have several off-farm business interests.

For more information, see page 34.

Contact Richard Thomson on 027 294 8625 or go to www.pggwre.co.nz/HAM28362

Helping grow the country 33

Te Akau, Waikato

Coastal Trophy Cattle Country

Price by Negotiation

This 790ha (approx) property is currently a large scale beef finishing farm running bulls and steers with a level of infrastructure that cannot be faulted. The farm is subdivided into approx 130 paddocks all fed off a well thought out race system. All waterways are fenced off internally as well as the 20 plus kilometres of Raglan Harbour front. The property features four homes all very well presented, two are large six bedroom homes and two cottages. A dream property in 14 titles, with scale, aesthetics and strong productive land and around 60km to Hamilton.

Plus GST (if any)

Richard Thomson M 027 294 8625

34 New Zealand's leading rural real estate company

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www.pggwre.co.nz/HAM28362

Cooks Beach, Bay of Plenty

Flaxmill Avocados Flaxmill Avocados. The best and largest orchard to be presented to the market for quite some time. A true trophy property.

14.8 hectares with 11 can ha and around 1100 x 16 year old Hass avocado trees carrying a great crop.

Around 30,000 trays of fruit hanging ready for harvest. The crop is included in the sale.

The manager of 16 years wishes to stay on in the managers accommodation and says the orchard is still improving. Job done!

This location is life at its best.

Price by Negotiation www.pggwre.co.nz/TAR28700

Andrew Fowler B 07 571 5797 | M 027 275 2244 | H 07 574 8585

Helping grow the country 35

Galatea, Whakatane District

Full Winter Milk Operation with Options

$3.25M

• 95.413 hectares, 88ha effective (approx.). All flat, centrally raced • Best production - 136,000kgMS (split calving). Full winter milk contract in place • 24 ASHB dairy shed, 350 cow covered feed pad • Comfortable three bedroom home with double garaging and workshop • Second dwelling being moved onto the property • 20ha lease/support property available by approval/negotiation • Water right attached for irrigation development

Plus GST (if any)

Phil Goldsmith B 07 307 1620 | M 027 494 1844

36 New Zealand's leading rural real estate company

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www.pggwre.co.nz/WHK26781

Nukuhou, Opotiki District

Dairy Farm with Other Farming Opportunities

$2.9M

The property consists of 109.19 hectares freehold plus 46 hectares leasehold. There are a total of five titles with paper roads.

Part of the property has it's own micro-climate making it suitable for horticulture ventures. Buildings include one four bedroom and one three bedroom home, 22 ASHB dairy, four-bay implement shed, hay barn and PKE storage bin.

The farm is milking approximately 340 cows with production up to 113,000kgMS.

Plus GST (if any)

www.pggwre.co.nz/WHK27636

Stewart Morrison B 07 307 1619 | M 027 442 2833 | H 07 304 6381

Helping grow the country 37

Reid brothers end 122 year family tenure An Opouriao Valley, Whakatane dairy farm, in the same family for 122 years, is for sale. Stewart, Malcolm and Neil Reid took over the farm in 1960.

Fifty-eight years later they have brought in Phil Goldsmith of PGG Wrightson Real Estate, Whakatane to market the property their great-aunt, Jessie Morrison, drew in a ballot in 1896.

Phil Goldsmith says it is an excellent farm.

“Opouriao Valley, three kilometres south of Taneatua, is traditionally a productive dairying area, with hill country used for sheep, cattle and deer. This property has been in the careful stewardship of the Reid and Morrison family for four generations. Its best annual production is 200,000 kilograms of milksolids from 500 cows,” he says.

Neil Reid says the first generation of the family came to New Zealand in 1874.

“On their way here the ship our greatgrandparents William and Margaret Morrison were in was becalmed in the Indian Ocean for six weeks, so it took six months to reach New Zealand from the Highlands of Scotland. Eight hours after they landed in Lyttelton, our grandmother Barbara was born. Our great aunt Jessie was born three years later.

“William worked on Tekapo Station for nine years before coming north to Opouriao in 1883. After he arrived, he worked as head shepherd for Captain Ferguson, the owner of the Whakatane Cattle Company. William, Margaret and their daughters lived in the only house in Taneatua, in what is now Morrison Street,” says Neil.

From about 1875, cattle were the initial focus for farming in the valley, as the Whakatane Cattle Company provided beef to Auckland. In 1896, to open up settlement, the government purchased Whakatane Cattle Station to subdivide and ballot, says Neil.

“Lots were offered as perpetuity leases, which could later be freeholded. Our great-aunt Jessie Morrison drew out what is now our home farm, which at that time was 56 hectares. Our father Morris Reid bought it from Jessie in 1930.

“In the meantime, in 1885, our grandfather Walter Reid came to Opouriao from Ngahinepouri, Waikato, aged 19, to work as a ploughman.

He married Barbara Morrison, our grandmother. When the ballot was undertaken, William Morrison drew a property two farms away from our home farm, which he gave to his daughter Barbara and her husband Walter Reid.

This is where our father Morris Reid was born,” says Neil.

Those early settler families faced some major challenges.

“After land was balloted in 1896, farming methods didn’t change much at first, except everything was on a smaller scale.

Maize was the main crop. It was plucked

38 New Zealand’s leading rural real estate company

by hand and stored in cribs to dry.

Shelling by hand was an evening job for the whole family. Hand-operated shelling machines came on the market later.

“Only a few years into the fledgling settlement, mother nature doled out several unseasonal frosts as a Christmas present, first in 1898, then again in 1900.

Every settler with a decent crop of maize was ruined. Blackened stalks filled every paddock and there was nothing left. Only those who had cows had any income during those years.

“A community meeting was held and those present decided to build the Opouriao Cheese Factory. It opened in 1900, which is how dairying came about in the valley. In its first season, the factory paid 7 1/2d per pound of butterfat, while the cheese was shipped to Auckland,” he says.

With its rich soil and drought-proof summers, Neil says Opouriao Valley is well suited to dairy production.

“Between Awahou Road and Reids Road, I have never seen the paddocks brown off in summer. With average annual rainfall about 1600 millimetres, and soils needing very little fertiliser, from the early Twentieth Century dairying flourished, though bloat was a problem in the early dairy herds,” he said.

In those days, river crossings were another hazard.

“Floods would isolate farms for days at a time, and several local families lost members, who drowned trying to cross swollen rivers. In 1913, a bridge was built over the Waimana River to Taneatua, which largely solved the problem,” says Neil.

As well as farming the property during the era, Neil’s grandfather Walter Reid was active in public affairs.

“He was chairman of many local organisations, including the Whakatane County Council for 28 years, hence the naming of Reids Road and Reids Memorial Grove on the road to Whakatane,” says Neil.

Walter and Barbara’s son Morris Reid farmed the property he was born and brought up on until 1930, when he bought his aunt Jessie Morrison’s farm, where Morris’s three sons now farm.

After Neil and his brothers took over the farm in 1960, they gradually expanded, buying neighbouring farms as they came available, increasing the property from 56 to 260 hectares.

“We have always worked well together as brothers, with our different roles on the farm, though always shared the milking.

Stewart is an excellent mechanic and a good welder, so has always looked after the machinery; Malcolm runs the drystock on the hills; and I do the buying and selling, and make most of the decisions. We have always lived in different areas of the farm and socialise in different circles, which also helps.

“In 1975 we fenced 70 hectares for deer, running up to 1100 head of deer. They went well on grass silage. We also ran 300 sheep and 120 white face steers over one winter, and 360 milking cows, plus replacements. We stopped farming the sheep and deer in 2005, since then we have run up to 500 milking and replacement cows, plus steers,” says Neil.

For the past 15 years Stewart, Malcolm and Neil have been semi-retired and LJ Dutoit, Stewart’s son-in-law, has managed the farm, along with two labour units.

Phil Goldsmith says its scale and versatility give the property strong appeal.

“Its current use and past history, including dairy, dairy support, sheep, beef and deer, show that this is a farm with plenty of options. For example, it

could easily revert to deer under new ownership. Meanwhile, the soil types, excellent fertility and good balance of flat and hill paddocks, underline the versatility the property offers.

“Its Eastern Bay of Plenty location, with easy proximity to sea fishing, surfing, Te Urewera National Park, Lake Rotoma and the other Rotorua lakes, and trout fishing in the Waimana River, provide an additional level of appeal.

“Improvements match the property’s quality. A 44 a-side herringbone cowshed is the productive heart of the farm, adjacent to a nine metre circular main yard, plus supplementary yard space. It is fenced into 131 paddocks, has a 25 metre bore, and is linked to spring water on the hill block. It also has several dwellings for farm managers and share milkers,” he says.

Neil says the time to sell has come.

“Being a partnership of three brothers, each of us in our 70s, the farm needs to be sold while we are all still here. Selling would be less important if it was held in single ownership. Doing it now is the right thing for the family and for the farm,” he said.

On their way here the ship our great-grandparents “William and Margaret Morrison were in was becalmed in the Indian Ocean for six weeks, so it took six months to reach New Zealand from the Highlands of Scotland.

Eight hours after they landed in Lyttelton, our grandmother Barbara was born.

“

For more information, see page 40.

Contact Phil Goldsmith on 027 494 1844 or go to www.pggwre.co.nz/WHK29012

Helping grow the country 39

Whakatane District

Dairy with Diversity - 262 Hectares

Tender

• High producing mixed farming operation of dairy and beef • Milking 500 dairy cows, with a best production of 200,000kgMS • 90% flat to easy-medium contour, rich loam soils, temperate climate • A good standard of improvements complement all farm operations • 70ha deer fenced with dark room and deer yards, two stand wool shed, covered yards • 13.1ha Pinus Radiata planted 1996 and 1994, pruned and lifted • Successfully farmed for diversity by the same conscientious family for 122 years

Plus GST (if any) (Unless Sold By Private Treaty) Closes 4.00pm, Thursday 1 November

Phil Goldsmith B 07 307 1620 | M 027 494 1844

40 New Zealand's leading rural real estate company

www.pggwre.co.nz/WHK29012

Awakeri, Whakatane District

Location Dairy Location

Price by Negotiation

• 96.614ha of fertile, flat plains • Milking 260 cows, best production 106,000kgMS • Improvements to a very good standard include an eight year old, 40 bail rotary dairy • There are two good homes, one of which is a large, beautifully refurbished homestead • In nine titles and only minutes from Whakatane Township • Current owners wishing to retire, buying options arise

Plus GST (if any)

www.pggwre.co.nz/WHK27919

Phil Goldsmith B 07 307 1620 | M 027 494 1844

Helping grow the country 41

Opotiki, Eastern Bay of Plenty

First Farm with Pay Back

Tender

• Total area 118ha, milking platform 69ha • 24 ASHB dairy, good standard of improvements • Three bedroom home with sleepout • Best production 67,119kgMS with last four year average being 64,103kgMS • Self contained - milking 200 cows wintered on farm and rearing 60 calves • Quarry on farm for track and raceway work • Pay back the mortgage and mill 16ha Pinus Radiata, 12ha 22yr, 4ha 21yr

Plus GST (if any) (Unless Sold By Private Treaty) Closes 4.00pm, Thursday 15 November

Phil Goldsmith B 07 307 1620 | M 027 494 1844

42 New Zealand's leading rural real estate company

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www.pggwre.co.nz/WHK29016

Waipawa, Central Hawke's Bay

'Tahuna' - Intensive Cropping and Finishing 579.8ha (1432.9 acres) in six Certificates of Title with good access to all blocks Located 11km north west of Waipawa with excellent contour offering several farming options with consents in place for 80 hectares of surface take irrigation Improvements include four dwellings, three stand woolshed, two sets of cattle-yards, two sets of sheep-yards, haybarns plus a consented feedlot for up to 800 cattle Properties of this location, size and contour, with trout fishing on the boundary seldom become available

Doug Smith

Paul Harper

B 06 878 3156 | M 027 494 1839

B 06 878 3156 | M 027 494 4854

Deadline Private Treaty Plus GST (if any) Closes 4.00pm, Thursday 8 November PGG Wrightson Real Estate, Hastings

www.pggwre.co.nz/HAS28763

Helping grow the country 43

Ongaonga, Hawke's Bay

Prime Property Top Location 20.367ha subdivided into five paddocks Well-designed substantial family home Modern family living Excellent shedding Cattle yards with loadout race Bore water for stock and rain water for domestic use

Fiona Barrett

Doug Harvey

B 06 858 6078 | M 027 454 6712

B 06 858 6069 | M 027 262 6153

44 New Zealand's leading rural real estate company

Deadline Private Treaty Plus GST (if any) (Unless Sold Prior) Closes 3.00pm, Wednesday 17 October 4

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Levin, Horowhenua

Horowhenua Beef Fattening Farm

Price by Negotiation

Strong, fertile, sun-drenched 60 acres. Same family ownership for around 60 years.

Around 60% croppable, balance easy/medium contour. Excellent yards, farm shed, duck pond, etc. Winters 40 steers with no supplements. Summer 60-65 steers. Ideal for mixed stocking, trading from or stud farm.

Plus GST (if any) 3

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www.pggwre.co.nz/LEV28631

Cozy, low maintenance 2008 build brick home. Viewing by appointment. BYO clean vehicles please.

RV: $1,230,000. Rates: $3,825.72.

Joe Havill B 06 367 0835 | M 027 437 0169

Helping grow the country 45

Levin, Horowhenua

Estate Sale, Farmland, No House

Price by Negotiation

Faithful dairy farmland currently leased for dairy support. 25.1510 hectares (62 acres), 20 hectares easy gardening land. Water bore / disused, redundant dairy shed / yards.

Internals electric. Small hayshed. BYO clean vehicles please.

GST Inclusive

RV $1,050,00. Rates $2.935.83. Viewing by appointment.

Joe Havill B 06 367 0835 | M 027 437 0169

46 New Zealand's leading rural real estate company

www.pggwre.co.nz/LEV28698

Pirinoa, South Wairarapa

Trees, Bees, Beefies and Hunting - 375ha

Price by Negotiation

This property presents a great investment/farming opportunity in a very unique environment. The property is of steep to rolling contour that backs onto the Aorangi Forest Park, which would appeal to hunters and adventurers plus the great views!

Approx. 55ha is planted in woodlots from 1993 (4.9ha), 1999 (13ha), 2000 (6ha), 2011 (15.5ha), 2015 (8ha), 2016 (9.3ha) with good forestry road access from two points into the block and 108km to Port of Wellington giving the property options for more plantings and the harvesting of the established woodlots.

Plus GST (if any)

www.pggwre.co.nz/MAS28242

Bevan Edwards B 06 370 1889 | M 027 204 2895 | H 06 379 9087

Helping grow the country 47

Tauherenikau, South Wairarapa

82ha - Tauherenikau

Price by Negotiation

Looking to establish a tight, stand-alone dairy operation to minimise disease risk? Check out this 82ha runoff at Tauherenikau, with a proven dairy grazing record. Free draining stony silt loam soils, pastures renovated to achieve enviable heifer growth rates. GPS paddocks, ring mains system pumped ex Moroa Water Race. Track access from SH2 and two-wire electric fencing. Good cattle yards and loading race, plus a 150mm bore, ideal for new home, if building.

Plus GST (if any)

Well located, proven production record, high soil fertility. Call John today!

John Murray B 06 377 5181 | M 027 493 3759

48 New Zealand's leading rural real estate company

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www.pggwre.co.nz/MAS28822

PGG Wrightson Real Estate Tauranga office wins third successive REINZ award

PGG Wrightson Real Estate’s Tauranga branch has won the prestigious Large Rural Office category at the 2018 Real Estate Institute of New Zealand (REINZ) awards for the third successive year.

Mike McCullough, Bay of Plenty regional sales manager, said the sustained achievement by the office was down to a team effort by an experienced collection of high performers.

“Horticulture plays an important part in our region, and we have several salespeople who achieve remarkable results marketing kiwifruit and avocado orchards.

Our team boasts several immensely experienced salespeople, who have a profound understanding of lifestyle and rural property and numerous connections to the Bay of Plenty’s various rural communities. Their strong professional qualities and ability to find solutions for the buyers and sellers in our region are the basis of the ongoing success of this office,” he said.

National Sales Manager for PGG Wrightson Real Estate Camron Meade says the Tauranga office sets the pace for the company.

“Tauranga’s enduring success and

the healthy market share the office commands in the Bay of Plenty region regularly sees them at or around the top when our company acknowledges its most successful performers. While they are on the crest of the wave at present, with horticulture and lifestyle booming, that still requires ongoing hard work, and maintaining excellent relationships with growers, farmers and investors, to ensure that transactions proceed, which is where this team really shines,” he said.

Further information contact: Mike McCullough | 027 479 4910 Camron Meade | 027 420 1881

North Otago rural property professional Dave Heffernan named national ‘Rising Star of the Year’ Oamaru-based David Heffernan began selling North Otago farms for PGG Wrightson Real Estate in January 2017.

After completing an excellent first full year in the role at the end of June, his skill as a salesperson was recognised this week with a major national accolade: David was named Real Estate Institute of New Zealand’s (REINZ’s) 2018 Rural Rising Star of the Year.

sellers. There is no point showing someone a $4 million farm if they only have a $2 million budget. That is just a waste of time for everyone, and will lead to frustration. I’ve found that, so long as you listen to what buyers and sellers are saying, and can take an inventive approach, you should be able to find a solution that works for all parties,” he says.

He has one word to summarise the approach that has led to his success: Solutions.

According to National Sales Manager for PGG Wrightson Real Estate Camron Meade, David Heffernan’s award is an excellent achievement.

“When you are marketing rural property, your role is to match up buyers and

“In any given year, several dozen new

entrants come into the rural property sector nationwide, selling farms for the first time. They only have one opportunity in their career to win this award. For those who do, it is a great launching pad.

“David has an easy-going style that enables him to communicate effectively with farmers. This, coupled with his strong organisational ability and successful history as a farmer in his own right, suggests this is just the start. He can look forward to finding solutions for many North Otago farmers in the future,” he said.

Helping grow the country 49

South Island Optimism among sheep and beef farmers indicates a busy season for transactions in that sector, though caution prevails among dairy farmers, particularly around Mycoplasma bovis.

Ayrburn Farm, a well-established and well-developed 185 hectare irrigated Rotherham, North Canterbury property, sold in late April.

Several large Marlborough viticulture development blocks will be offered to the market for 2019 planting, including 181 hectare Kilkishen Farm, the final substantial property in the lower Awatere Valley yet to grow grapes.

Mandamus Downs, an 844 hectare Culverden, North Canterbury property is for sale for the first time in 110 years.

Benchmark prices for Mid Canterbury cropping farms sit between $48,000 and $52,000 per hectare.

Attractive listings of all types of Otago grazing properties, ranging from 1,500 to 10,000 stock units, will be offered to the market through the spring.

Southland drystock blocks are attracting increased demand as dairy farmers seek to improve self-sufficiency by isolating herds.

50 New Zealand’s leading rural real estate company

Inangahua, Buller

Glen Lewis Terraces - 271.7 Hectares Platform area approx. 233ha includes 10ha grazing licence Production three year average 217,000kgMS milking approx. 600 cows Cow shed 50 ASHB, auto cup removers and standoff pad Wide range supporting infrastructure, accommodation features three homes Management has maintained a very rigid pasture renewal program and fertiliser application policy Available with or without Westland Milk Products shares

Douglas Smith

Peter Evans

B 03 543 8594 | M 027 543 2280

B 03 543 8599 | M 027 224 9798

Deadline Private Treaty Plus GST (if any) (Unless Sold Prior) Closes 4.00pm, Friday 16th November

www.pggwre.co.nz/NEL28826

Helping grow the country 51

Murchison, Tasman

211.2364 Hectares - Grazing and Native Bush

$825,000

• Quality high spec three double bedrooms five year old dwelling • Grazing area approx. 85 hectares hill country balance native bush • Currently wintering approx. 350 MA breeding ewes plus replacements • Farm buildings include an older style two stand woolshed • A great opportunity to acquire a first farm or for a semi-retired farmer

Plus GST (if any)

Peter Evans B 03 543 8599 | M 027 224 9798 | H 03 544 5888

52 New Zealand's leading rural real estate company

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www.pggwre.co.nz/NEL28004

Tapawera, Tasman

Prime Tadmor Grazing Unit Rakau Pastures is a 190.9ha grazing property comprising 60ha of flat and terraces with the balance 130ha of medium hill country All effective apart from creeks and building areas, running approx 2200 stock units Farm improvements including a three bedroom home all in good condition Approx 6km to Tapawera for all your local services.

This aesthetically pleasing farm offers purchasers a good mix of hill and flats offering multiple uses

Price by Negotiation Plus GST (if any)

www.pggwre.co.nz/NEL28742

Douglas Smith B 03 543 8594 | M 027 543 2280 | H 03 543 2280

Helping grow the country 53

Blenheim, Marlborough

Desirable Sauvignon Blanc Vineyard on Town Edge

Buyer Enquiry Over $3.65M

Are you looking for a quality production block on the town boundary without an overcapitalised dwelling? A opportunity exists to secure a 16ha property featuring 14ha of flagship Marlborough Sauvignon Blanc plus 1ha of long-term lease vines all planted in 2.5m row spacing. Long-term water right, sheds, workshop and upmarket office/meeting room all add up to a complete vineyard package. This aesthetically pleasing vineyard will impress you on inspection. Our genuine vendors seek a sale which adds up to an easy purchase decision if you are looking for a solid investment in the wine industry.

Plus GST (if any)

Joe Blakiston

Greg Lyons

B 03 579 3702 | M 027 434 4069

B 03 579 1188 | M 027 579 1233

54 New Zealand's leading rural real estate company

www.pggwre.co.nz/BLE28191

Blind River, Marlborough

Viticulture, Farming and Lifestyle...

Deadline Sale

Our local vendor is relocating and offers this great sized property of 50.2920ha (124 acres) for genuine sale. The property offers many income streams with 10.85ha (2.8m rows) of established vineyard planted in three varieties with further plantable area available. A large dam and 25 shares in the Blind River Irrigation scheme (B.R.I.L) offer security and further expansion opportunity for the future. The balance of land is used for finishing of stock and includes yards and hayshed’s. The quality four bedroom homestead, large garaging, extensive sheds and workshop complete the package.

Plus GST (if any) (Unless Sold Prior) Closes 4.00pm, Wednesday 14 November 20 Westwood Avenue, Blenheim

Greg Lyons

Joe Blakiston

B 03 579 1188 | M 027 579 1233

B 03 579 3702 | M 027 434 4069

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Helping grow the country 55

Sale of Kilkishen Farm signals end of an era for family and district Kilkishen Farm is an approximately 166 hectare Marlborough grazing property, the final substantial farm in the lower Awatere Valley yet to grow grapes. Approximately 130 hectares are suitable for viticulture, and the present owners recently secured resource consent to take B class water from the Awatere River to irrigate the property.

For over a decade Nelson/Marlborough Sales Manager for PGG Wrightson Real Estate Joe Blakiston has worked with the Maher family, who own Kilkishen Farm, including helping secure the water right.

They have now decided it is time to sell, he says.

“Both the farm itself, and market conditions, are ideal for a change of land

use, from traditional sheep and beef, to viticulture. As the final significant Awatere block not yet in vines, Kilkishen Farm has a particular value, especially as over recent harvests, with favourable conditions, some fine grapes have been grown locally.

In Sauvignon Blanc, this magnificent farm will go to a new level,” says Joe. A few years ago, as Lois Maher often

56 New Zealand’s leading rural real estate company

quoted: ‘the nor’ wester will blow the mortgage off your farm one day, and the southerly will blow it back on the next.’ Joe says grapes have changed that, and with reliable water, local prosperity is more dependable than being at the mercy of the infamous wind.

“While it is poignant to see Awatere farms cease sheep and beef production, for the

Maher family, whose ownership goes back three generations, moving on is just reward for many decades of hard work on the land,” he says.

Lois Maher and her children are selling the property she formerly farmed with late husband Tom, who inherited Kilkishen from his uncle, Jack Ryan.

Lois and Tom’s son Kevin, who now lives in Queensland, is the family historian. He says Kilkishen was originally part of a large sheep station, Dumgree.

“Like other sheep stations in the area, such as Starborough, Dumgree was compulsorily bought by the government to allow closer settlement, subdivided and auctioned off in 1912. Dumgree’s old front gate is still there in the roadside

fence, and a trace of the track is visible on Google Earth,” he says.

Kevin says Jack’s parents owned the Waihopai Hotel.

“According to family history, they didn’t think a pub was a good place to bring up five boys, so they ‘tickled the till’ to accrue some, if not all of the deposit for Kilkishen.

“Jack and his brother Paddy originally farmed Kilkishen in conjunction with another farm their older brothers were running across the river. Jack claimed to have crossed the Awatere at all hours of the day and night on horseback, between the two properties,” says Kevin.

Jack married Norah, who was Tom Maher’s father’s sister, in 1928.

“That was when the house was built.

A small two room hut served as accommodation prior to that, which Paddy lived in for several more years.

“Jack and Paddy spent countless hours picking stones to make the farm suitable for cropping, then for stock. Initially they cropped wheat and oats, then switched to sheep.

“My father’s parents, brother and two sisters lived on a farm outside Seddon. My grandmother, Lucy Maher, passed away in late 1943, when Tom was three and a half years old. With no children of their own, Norah and Jack looked after him, and brought him up on the farm.

“At the start, they used horses and there is still a Kilkishen paddock known as the Horse Paddock. Then, in about 1948,

Helping grow the country 57

into lines on the paddock, like vineyard rows. That made it easier to dry, which also made it faster to bale because it eliminated corners that would normally be there if the hay was raked round and round. Straight rather than circular raking was also kinder on the tractor’s universal joints and PTO shafts. Our prevailing wind typically blew through the Taylor Valley, so the rows were raked in line with that, which in practice meant parallel to the road,” says Kevin.

some horses Jack was working bolted, and he declared he’d never yoke them again, replacing them with a Fordson Major tractor. This was later replaced by a Ferguson TEA, which was where Tom’s lifelong enthusiasm for the Massey Ferguson brand began,” says Kevin.

One year was wetter than usual. Kevin says a traction engine driver taking a shortcut between paddocks became totally bogged down.

“They were only able to tow the traction engine out about six months later, when a neighbour’s traction engine came free, after the end of harvest.

“Although it was tough at times, farming was rewarding. Lucerne was primarily grown on the stonier areas, along with kale, as well as turnips as stock food, plus grass and clover. One clover crop was so good Uncle Jack was apparently able to buy a new car with the proceeds. By the mid 1950s the mortgage was paid off,” says Kevin.

For more information, see page 59.

Contact Joe Blakiston on 027 434 4069 or go to www.pggwre.co.nz/BLE28965

Like other properties in the area, the house was surrounded by hedges, Kevin recalls.

“Norah wanted the hedges cut by Christmas. On top of carting hay and shearing, cutting hedges by hand was a labour-intensive job, so one year Tom modified the Hayter lawnmower they used so the blade was running sideways.

That enabled him to cut the hedge much more quickly,” he says.

Tom married Lois in September 1965 and she joined him on the farm, which they inherited in 1971 after Jack died.

“Tom progressively set about improving the fences and clustering the gates together, which made stock movement much easier.

“My father was great at making hay from grass and lucerne, and had an innovative way of raking it. Most people rake round and round a paddock in the same way they cut the grass. Dad did things differently, using a conventional towed hayrake and another he had modified to fit on the front of the tractor. He raked it

58 New Zealand’s leading rural real estate company

Awatere’s fault line runs through the property, and has been the focus of visits by scientists and students from Victoria University over the years.

After Tom died in 2008, Joe, then PGG Branch Manager, arranged a lease to the neighbouring Westenra family, who have faithfully farmed the property in conjunction with their own farms since.

Lois continued to live in the homestead until June, when she moved to a Christchurch retirement village.

Joe Blakiston is confident of finding a willing buyer for Kilkishen Farm.

“Market interest is high and prices are firm across all classes and sizes of Marlborough viticulture land. Development land is no exception and is at a premium.

Several corporate viticulture interests and significant investors are active in the market. This is a desirable listing, in a strategic Marlborough location, with reliable water. Assuming a spring sale proceeds, Kilkishen Farm will be ready for 2019 planting,” he says.

Kilkishen Farm is for sale by deadline private treaty, with offers to be lodged by 15 November.

Awatere Valley, Marlborough

Substantial Viticulture Development Opportunity...

Deadline Sale

Rarely available is this prime large-scale development property in the proven grape growing area of the Awatere Valley of Marlborough. 'Kilkishen Farm' is currently a sheep and beef grazing property and is one of the last substantial farms in the lower Awatere Valley yet to grow grapes. A total area of approx. 166ha of productive flats with approx.

120 hectares of plantable area (all subject to survey). With a substantial water right in place this property lends itself to an easy conversion to viticulture. Secure yourself one of the last remaining large-scale blocks left in Marlborough.

Plus GST (if any) (Unless Sold Prior) Closes 12.00pm, Thursday 15 November 20 Westwood Avenue, Blenheim

Joe Blakiston

Greg Lyons

B 03 579 3702 | M 027 434 4069

B 03 579 1188 | M 027 579 1233

www.pggwre.co.nz/BLE28965

Helping grow the country 59

Nelson Lakes, Tasman

Significant Dry Stock Farm in a Great Location

Deadline Sale

“Big Bush� is a large sheep and beef property of 339.1175ha (837acres) located in KorereTophouse Road area of beautiful Nelson Lakes region, only a short commute to Richmond and Nelson. This property offers many options and consists of medium hill country and a balance of flats including 58ha deer fenced. Infrastructure includes four stand wool shed, covered yards, many sheds, workshop and deer shed. A comfortable five bedroom homestead plus extra cottage are all set in a native bush backdrop offering hunting, fishing and endless outdoor options close by.

Plus GST (if any) (Unless Sold Prior) Closes 4.00pm, Thursday 15 November 20 Westwood Avenue, Blenheim

Greg Lyons

Joe Blakiston

B 03 579 1188 | M 027 579 1233

B 03 579 3702 | M 027 434 4069

60 New Zealand's leading rural real estate company

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Hawarden, North Canterbury

Dalry Dairy Farm

Deadline Private Treaty

198.4868ha in seven freehold titles with modern productive pasture. 44-bail rotary dairy shed, 400 cow yard, K-line irrigation system covering approx. 184ha Available as going concern with top performing Jersey herd of 600 cows plus replacements Two four-bedroom homes plus one-bedroom cottage with office Full range of calf sheds, utility sheds and assorted support buildings Option to buy or lease two run-offs, 125 & 48ha respectively, adjacent to dairy farm

Peter Crean

Mark Clyne

B 03 341 4315 | M 027 434 4002

B 03 341 4301 | M 027 531 2964

Offers Over $41,500 per ha Plus GST (if any) (Unless Sold Prior) Closes 2.00pm, Friday 19 October

www.pggwre.co.nz/CHR28597

Helping grow the country 61

Oxford, North Canterbury

Recommended Low Cost Dairy Opportunity

Price by Negotiation

Our motivated vendor is offering a 198ha irrigated dairy farm with a 70-bail rotary shed to the market. Calving 670 cows this season, this is one of the best designed dairy farms we have seen, with the dairy shed well located in the centre of the property giving short walking distances for the cows. The irrigation storage dam with approximately 12 days storage, as well as the ground water consent for 583,000m3 annual take, gives the property irrigation security. The three houses give ample accommodation. This a low cost simple property to manage, all within a 45 minute drive to Christchurch.

Plus GST (if any)

Sam Davidson

Mark Clyne

B 03 341 4301 | M 027 488 8269

B 03 341 4301 | M 027 531 2964

62 New Zealand's leading rural real estate company

www.pggwre.co.nz/CHR28595

Oxford, North Canterbury

Irrigated Finishing / Dairy

Deadline Private Treaty

Comprising 89.5923 hectares, this property has been extensively farmed for dairy support, cattle finishing and lamb finishing. Traditionally crops such as wheat, barley and oats have been grown. Irrigation water is provided via the Waimakiriri Irrigation Company and is distributed by two travelling irrigators. There are extensive and well established shelter belts.

Plus GST (if any) (Unless Sold Prior) Closes 2.00pm, Wednesday 31 October

www.pggwre.co.nz/CHR28939

Suitable for multi farming purposes, this is indeed a unique offering.

Peter Crean

Mark Clyne

B 03 341 4315 | M 027 434 4002

B 03 341 4301 | M 027 531 2964

Helping grow the country 63

View Hill, North Canterbury

Eagle Hill

Deadline Private Treaty

This most impressive 574.4791ha multi-purpose property is situated on the north bank of the Waimakiriri River just 55km from Christchurch. Almost fully irrigated, it has been extensively used for dairy support in recent years and would equally be as well suited for large scale cattle finishing. Outstanding features include the central location, irrigation consent and infrastructure, nutrient baseline, extensive shelter, approx.38ha woodlot, fencing including approx. 80ha deer fencing, lane system and ease of access. With two dwellings and a full range of farm infrastructure, this property is the complete package.

Plus GST (if any) (Unless Sold Prior) Closes 2.00pm, Thursday 1 November

Peter Crean

Sam Davidson

B 03 341 4315 | M 027 434 4002

B 03 341 4301 | M 027 488 8269

64 New Zealand's leading rural real estate company

www.pggwre.co.nz/CHR29018

Cust, North Canterbury

Opportunity For Rural Purchasers

Deadline Private Treaty

• Attractive farm property of 40.54 hectares in favoured grazing location • Four-bedroom homestead with separate two-car garage • Landscaped mature garden setting with oak grove, truffles and pond • Two-stand woolshed, four-bay and three-bay barn, horse facilities and pump house • Sheep yards and separate circular cattle yards • 18 large and three smaller paddocks, great shelter belts, central lane • Reticulated water to paddocks and water race. Soils - Mayfield and Wakanui Series

Plus GST (if any) (Unless Sold Prior) Closes 2.00pm, Tuesday 27 November 4

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John Prosser B 03 313 1251 | M 027 433 9627 | H 03 310 3161

Helping grow the country 65

Much admired North Canterbury farm selling for the first time in 110 years One of the original Canterbury runs, comprising 10,800 hectares, Culverden Estate, in North Canterbury, was balloted by the government in 29 parcels in 1908.

66 New Zealand’s leading rural real estate company

Alfred Fisher was a young single man from England. His name came out for one of the larger lots, an 844 hectare property with a mix of hills and flats that he named Mandamus Downs.

One hundred and ten years later, Bruce Hoban of PGG Wrightson Real Estate, Rangiora, is offering the property for sale.

He says it has a fine heritage.

“Mandamus Downs is held in high regard

by North Canterbury farmers. This is one of the Amuri Basin’s most admired grazing properties. It has excellent scale, a good balance of hills, downs and flats, and has never been offered for sale before,” he says.

Soon after Alf Fisher moved to the property, his nephew, Harry Hammond joined him to help break it in, leaving the farm only to fight in World War One. When Alf died in the early 1940s, Harry took over Mandamus Downs on his own account.

Harry’s son, Bob, married Lorna, who says turning the farm into what it is today took plenty of effort.

“When the ballot was run, there were three different grades of land, and on the hill, we were the third grade, so less desirable than the other lots. Much of the farm was in natives at the start, matagouri and manuka, and clearing them was a gradual business that wasn’t properly finished, on the hills at least, until the 1960s.

“First Alf, then Harry, and then Bob, did every development on the farm out of income. They were not interested in taking on debt. Although it was a cautious style of farming, it did work,” she says.

One important step forward was the property’s private water scheme, developed in the 1940s. As Lorna says, this ‘brought the farm into the twentieth century,’ replacing a windmill driven system with a well and pump on the riverbed portion of Mandamus Downs, supplying an underground mainline to tanks strategically placed over the property on the hill and downs, from where it is reticulated to troughs, the houses and yards.

Another boost to the farm came in the early 1960s, when New Zealand’s hydroelectricity transmission grid came through Culverden.

family interested in farming Mandamus Downs, although their daughter and family are farming in Central Otago, Lorna has decided to sell.

“That line, which took power from Roxburgh to Marlborough, went through the farm. To install the line, the state power company had to put in tracks through our backblocks, which made it much easier for us to access the whole farm, and helped open it up, especially for topdressing, making the hill country much more productive,” says Lorna.

Under its current lease, which expires on 31 March 2019, the property has been used to breed and finish sheep and beef.

Although there was good fortune, there were also tough times. When Harry died in 1958, son Bob was only 18.

“At that time, the death duties were

Norrie, Harry, Margaret and Bob

horrible. As well as dealing with the grief of losing Harry, Bob, his mother Norrie and his sister Margaret had to deal with that as well. First they were evaluated for death duties, then they were re-evaluated, so everything was assessed a second time.

Bob’s mother said even the preserves in the pantry were valued,” says Lorna.

Under the stewardship of Bob Hammond in the early 2000s, Bruce Hoban says Mandamus Downs wintered on average approximately 6,500 to 7,000 stock units, comprising one third sheep and two thirds breeding cows and fattening cattle.

Located approximately 10 kilometres west of Culverden, 46 kilometres south of Hanmer Springs and 106 kilometres north of Christchurch, Mandamus Downs rises from 298 to 534 metres above sea level and comprises approximately 110 hectares of flats including river flats, approximately 323 hectares of downs and 411 hectares of clean tussock hill country.

A three to four-bedroom classic rural Canterbury weatherboard house built in 1926 serves as the main homestead.

With a veranda on two and a half sides, it is heated by a log fire, coal range and heat pumps, as well as solar heating. Two additional three-bedroom houses are also situated on the farm, plus a range of farm buildings.

Mandamus Downs is for sale by Deadline Sale, with offers to be lodged by 30 November.

Fortunately, neighbouring farmers and the stock and station agent stood by the young man, who managed to turn Mandamus Downs into what it is now, under the third generation of family stewardship, marrying Lorna in 1965.

“Although it was a struggle for Bob, he settled into it and managed to stay on top of the farm, employing single men until the 1980s, when we began employing married couples. We were cropping through some years, though it was mainly sheep and we upped the cattle numbers in the 1980s,” she says.

They also raised three children. Bob died in 2006 and the farm has been leased since.

Now re-married, and with none of the

For more information, see page 68.

Contact Bruce Hoban on 027 588 8889 or go to www.pggwre.co.nz/RAN28705

Helping grow the country 67

Culverden, North Canterbury

What an Opportunity!

Deadline Private Treaty

This rare opportunity would have to be one of the Amuri Basin’s most admired properties. Mandamus Downs is situated approximately 10 kilometres west of the North Canterbury township of Culverden. Comprising 844 hectares, being a mix of clean tussock hill, easy downs, fertile flats and location. Homestead, two cottages and good array of support buildings. Extremely good fencing and tracks throughout. After 110 years family ownership, the opportunity has arisen for a new owner to add to the history of this excellent property. We welcome your enquiry and inspection.

Plus GST (if any) (Unless Sold Prior) Closes 2.00pm, Friday 30 November

Bruce Hoban B 03 313 0618 | M 027 588 8889 | H 03 314 8485

68 New Zealand's leading rural real estate company

www.pggwre.co.nz/RAN28705

Broomfield, Canterbury

The Absolute Ultimate!

$1.3M

Seeing is believing! Architecturally designed home on 9.3 hectare lifestyle property. The impressive kitchen and open-plan dining area enjoy vistas to the Deans Range from the heart of the home. East wing comprises library or TV room opening to sheltered patio.

Three double-bedrooms and sumptuous bathroom. The west wing has the formal dining room and luxurious lounge - opening to a private patio with magnificent views to Mt Grey. Master bedroom with en suite and walk-in robe, large office, laundry plus another bathroom. Outdoors boasts five-bay barn, well-fenced paddocks all with stock water.

Plus GST (if any) 4

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www.pggwre.co.nz/AMB26177

Maria Rickerby B 03 313 0610 | M 027 563 1733

Helping grow the country 69

Methven, Mid Canterbury

Templeton Soils in Sought after Methven

Deadline Private Treaty

• 63.5280ha (more or less) in one title • Free draining Templeton soil • Lovely square shape • Permanent three-bedroom homestead with modern and spacious kitchen • Double carport and sleep-out • Presently run as an arable and lamb fattening operation • Pre-harvest settlement is an option

Plus GST (if any) (Unless Sold Prior) Price Indicator $2.6M Closes 3.00pm, Tuesday 30 October

Tim Gallagher

Robin Ford

M 027 801 2888

B 03 307 8725 | M 027 433 6883

70 New Zealand's leading rural real estate company

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Elephant Hill, Waimate

Outstanding Support or Stand-Alone Opportunity

$5.9M

• 388.6ha (subject to final survey) freehold in two titles • Good variety of infrastructure including cattle yards, woolshed and calf/sheep yards • Each title has its own home • Resource consent for spray irrigation • Deep fertile silt loam soils • Currently winters up to 2000 cows, could be reinstated to sheep and beef • Purchase options available in its entirety or in separate titles

Plus GST (if any)

Tim Gallagher

Simon Richards

M 027 801 2888

M 027 457 0990

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www.pggwre.co.nz/ASH28954

Helping grow the country 71

Geraldine, South Canterbury

Te Moana Deer - 91.8ha (Four Titles)

Deadline Private Treaty

An outstanding deer breeding and finishing unit close to the township of Geraldine. This spectacular property is well fenced, subdivided into 10 main paddocks, with excellent tracking and lane systems all leading to a substantial deer complex. Te Moana Deer is located in the higher rainfall belt of Geraldine, with soil tests indicating high fertility. This aesthetically pleasing property is sown out in mixed aged pastures, is well sheltered, and has five units from the Te Moana Water Scheme, with approximately 30,000 litres of storage.

Plus GST (if any) (Unless Sold Prior) Closes 4.00pm, Thursday 8 November

Seldom do properties with this potential and location come to the market.

Richard Scott B 03 687 7330 | M 021 352 701 | H 03 693 8311

72 New Zealand's leading rural real estate company

www.pggwre.co.nz/GER28402

Waimate, South Canterbury

'Vale View' .... An Exciting Opportunity

Deadline Private Treaty

This 244ha property has been developed into a versatile partially irrigated farm with a wide range of applications such as a quality breeding and fattening unit, intensive stock finishing property or dairy support. A high standard of infrastructure including excellent cattle and sheep handling facilities and upgraded stock water reticulation system. Good quality soils capable of producing excellent quantities of dry matter combined with cost effective irrigation to over a third of the farm and surplus shares to further develop over half the property makes 'Vale View' enticing to any discerning purchaser.

Plus GST (if any) Closes 1.00pm, Tuesday 13 November

www.pggwre.co.nz/TIM28989

Simon Richards M 027 457 0990

Helping grow the country 73

North Otago

Attractive Dairy Farm Whitecliff Dairy Farm - Harveys Road, Island Cliff - 351.7899ha freehold fertile flat/rolling downs Spray irrigation, Maerewhenua Irrigation Supply Co, reliable Waitaki River water, pivot, K-line and fixed grid 262ha milking platform, 900 cows (2016/17) 390,000kgMS budget Good housing, farm buildings, 54 rotary shed, compliant effluent system - well laid out

Dave Finlay B 03 433 1340 | M 027 433 5210 | H 03 434 8390

74 New Zealand's leading rural real estate company

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www.pggwre.co.nz/OAM28962

North Otago

Waitaki Heights - Motivated Vendors Property is located in a strong dairy/dairy support area only minutes north of Oamaru offering sweeping views across Waitaki Plains to the Pacific Ocean 103ha Freehold with 76ha irrigated via K-line from a private farm bore A large four bedroom executive home with attached double garage Three bay implement shed and a large set of cattle yards Opportunity to acquire additional land with adjoining 305ha property now on the market

Price by Negotiation 4

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www.pggwre.co.nz/OAM25814

Dave Heffernan B 03 433 1340 | M 027 215 8666

Helping grow the country 75

North Otago

Eildon Park Dairy Farm

Price on Application

• 202.4080ha flat extensively sheltered fertile dairy farm • 600 cows, 240,000kgMS, Fonterra shared supply • 36 ASHB dairy - Alfa plant, compliant spray effluent disposal • Border-dyke and spray irrigation, Lower Waitaki Irrigation Company water • Sharemilker engaged, winter grazing in place 2018/19 season

Plus GST (if any)

Dave Finlay B 03 433 1340 | M 027 433 5210 | H 03 434 8390

76 New Zealand's leading rural real estate company

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www.pggwre.co.nz/OAM27466

North Otago

Jewel in the Crown

Deadline Private Treaty

The property is the heart of the once larger Rosebery Estate, 149.5162ha Freehold, 93ha irrigated by K-line with low cost reliable water supplied by the Airedale/Rosebery Irrigation Company. Balance is fertile limestone hill grazing, 60ha is deer fenced.

Large five bedroom homestead, separate two car garage with second storey room, three car garage with attached self-contained unit, four stand raised board woolshed - 600 sheep covered pens, several implement/store sheds.

Currently farmed as a high end stock finishing and dairy grazing support property.

Plus GST (if any) (Unless Sold Prior) Closes 2.00pm, Thursday 15 November 5

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www.pggwre.co.nz/OAM27977

Dave Heffernan B 03 433 1340 | M 027 215 8666

Helping grow the country 77

Oturehua, Central Otago

Outstanding Presentation Extremely well presented 489 hectare property Two very well maintained and presented dwellings Opportunity to tap into Otago Central Rail Trail accommodation Outstanding balance of irrigated flat paddocks and hill country Various outbuildings of high standard A very high producing property and a must to view!

Mike Direen

Shaun O'Docherty

B 03 440 2382 | M 027 434 0087

B 03 440 2387 | M 021 708 165

78 New Zealand's leading rural real estate company

$2.9M Plus GST (if any) 3

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www.pggwre.co.nz/ALE26030

Kawarau Gorge, Central Otago

High Country Haven 1550.82ha approximately 8km from Cromwell and 50km to Queenstown Currently run as a high country station running merinos Picturesque landscape and breathtaking views A perfect environment for all outdoor pursuits This once in a lifetime opportunity has great potential Call for your appointment to inspect

Price by Negotiation www.pggwre.co.nz/ALE26355

Shaun O'Docherty B 03 440 2387 | M 021 708 165

Helping grow the country 79

Becks, Central Otago

Re-Developed Finishing Unit 169.0827 hectares (three freehold titles) Very comfortable 1980's three bedroom Oamaru Stone home Various outbuildings including shearing shed, sheep yards (400NP) Near new cattle yards (140 cattle) and three-bay hay barn Situated just 22km from Omakau and 48km from Clyde and Alexandra Currently run as a bull beef finishing unit with three pivots and k-line

Shaun O'Docherty

Mike Direen

B 03 440 2387 | M 021 708 165

B 03 440 2382 | M 027 434 0087

80 New Zealand's leading rural real estate company

$3.59M 3

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www.pggwre.co.nz/ALE26605

Roxburgh, Central Otago

Sheep, Beef or Deer?

418.5360 hectares freehold Spacious two bedroom home (2011) and detached double garage Deer shed with attached one bay workshop and deer yards Three stand woolshed, sheep yards plus cattle yards Three bay hay barn/implement shed and three bay shed (two stables and tack room) Currently wintering 1475 sheep, 53 cattle and 67 deer

$2.35M Plus GST (if any) 2

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www.pggwre.co.nz/ALE26868

Mike Direen B 03 440 2382 | M 027 434 0087 | H 03 448 5434

Helping grow the country 81

Waikerikeri, Central Otago

A Blank Canvas

Price by Negotiation

A blank canvas property in a fantastic rural location close to town Approximately 7km from Clyde and Alexandra in Waikerikeri Valley Sizeable enough for sheep, beef or dairy grazing Also suitable for horticulture or viticulture Flat to easy rolling contour with generous water quota Outstanding outlook and set in an area fast becoming a small community

Shaun O'Docherty

Mike Direen

B 03 440 2387 | M 021 708 165

B 03 440 2382 | M 027 434 0087

82 New Zealand's leading rural real estate company

Plus GST (if any)

www.pggwre.co.nz/ALE28490

Chatto Creek, Central Otago

Beef Finishing/Dairy Support

$9M

This property has been very well developed over the past eight years and is now producing some of the best results in the area. The property has a number of options including finishing (beef or lamb), dairy support or a breeding unit. Very well balanced with a good proportion of easy rolling irrigated flats to rolling hill with a near new four bedroom home.

Plus GST (if any) 4

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www.pggwre.co.nz/ALE28941

Call now for more information or to have a look over this very well presented property.

Shaun O'Docherty

Mike Direen

B 03 440 2387 | M 021 708 165

B 03 440 2382 | M 027 434 0087

Helping grow the country 83

Henley, Otago

Taieri Dairy Farm

Deadline Private Treaty

153ha. A unique opportunity to purchase a Taieri dairy farm in a great locality, modern dairy amenities and superb layout. Two homes, single quarters, 40 ASHB cow shed, plus complement of farm buildings. Production up to 200,632kgMS from 470 cows. The farm has a regular re-grassing programme and continues to perform consistently. Low cost low input operation, handy to Dunedin airport.

Plus GST (if any) (Unless Sold Prior) Closes 12.00pm, Thursday 15 November

Also available 6ha adjoining lifestyle block with five bedroom plus office executive home, 18m x 12m shed with half closed in workshop, flat high productive land.

Paul Thomson

Craig Bates

B 03 470 0332 | M 027 435 3936

B 03 470 0304 | M 027 489 4361

84 New Zealand's leading rural real estate company

www.pggwre.co.nz/DUN29037

Clarendon, South Otago

Limesprings - Location, Quality and Scale 794.63 hectares (plus grazing licensee area) and including 178 hectares dairy unit with 42 hectare run-off, balance sheep and beef Improvements include main homestead, second home and single person quarters, 40 ASHB shed, two large wool sheds combined covered yards plus supporting farm buildings Limesprings is an exceptional mixed farming enterprise, extensively re-grassed in the last five years and now set for new owners to reap the benefits

Jason Rutter

Stewart Rutter

B 03 418 1382 | M 027 243 1971

B 03 418 1381 | M 027 433 7666

Deadline Private Treaty Plus GST (if any) (Unless Sold Prior) Closes 12.00pm, Wednesday 12 December

www.pggwre.co.nz/BAL29000

Helping grow the country 85

Clydevale, South Otago

Lambourne - Highly Productive Versatile Unit 353.11 hectares (two Titles) flat to easy rolling contour The five bedroom homestead is outstanding, being totally renovated within the original keeping of the charm and elegance of years gone by The presentation of Lambourne is absolutely outstanding with quality improvements, livestock and strong pasture together with a high standard of fencing Lambourne has been farmed with diligence and pride and we now offer this unique finishing, breeding, grazing, cut and carry unit for sale

Stewart Rutter

Jason Rutter

B 03 418 1381 | M 027 433 7666

B 03 418 1382 | M 027 243 1971

86 New Zealand's leading rural real estate company

Deadline Private Treaty Plus GST (if any) (Unless Sold Prior) Closes 12.00pm, Thursday 6 December

www.pggwre.co.nz/BAL28967

Organics a ‘no brainer’ for Bina A 154 hectare Menzies Ferry, Edendale farm is for sale offering purchasers easy access to the rewards of organic dairy production in Southland, says Andrew Patterson of PGG Wrightson Real Estate, Invercargill, who is marketing the farm.

“This property has been fully organic for almost two years, after the present owners made the transition in November 2016.

They supply Open Country. From November 2018 the company is paying a secured minimum premium of $2 per kilogram of milksolids for organic milk supply.

“Featuring balanced soils, a modern 54 bail rotary cow shed, a 500 cow yard, two homes and a resource consent for water and effluent for 550 cows through until 2022, the farm presently milks 400 cows on a grass-based system and has produced an average of 154,000 kilograms of milksolids over the past three seasons. Also available for sale is a 72 hectare run-off that has been used in conjunction with this farm for wintering and calves,” he said.

Originally from Waikato, Bina Basi has owned the farm for the past six years. She says shifting the

property to organic production was straightforward.

“We were looking for a more natural way to drive the farm along, away from sprays and whatever.

Since we moved to organic, we have had fantastic grass production, no bloat and no down cows during the last two years of calving. Our farming philosophy is that stock health comes first. If it wasn’t working for them, we would have switched straight back to a conventional system. However, our cows are happy with everything, so we wouldn’t ever go back.

“Wildlife on the farm has increased, with plenty of fantails around, in particular. We have certainly noticed the extra birdsong since we went organic. If you dig a hole, there are many more worms in the soil these days, too,” she says.

Bina found the transformation simple.

Helping grow the country 87

“We conform to European Union standards for organics, which are different to United States standards, and mean we are still able to use conventional treatments up to three times a year per cow as a backup. Converting a farm to organic production is no longer in the too hard basket. It is not just for what you might call ‘tree huggers’ anymore.

There is so much more information available, product suppliers and other useful contacts. It is an easier process, and products such as organic fertiliser are readily available, with plenty of alternatives to standard inputs,” she says.

“Farming organically does require a different way of looking at things. For us, it was a way to secure a good position in the market by thinking outside the box. With new emission reduction protocols coming in, and organics becoming one of the fastest growing industries, with growth in New Zealand between eight and 20 per cent annually, and organic grocery sales through supermarkets having increased by 127 per cent since 2012, it made sense. When you factor in the $2 payout premium, alongside reduced inputs, it becomes a bit of a ‘no-brainer’ to secure your future,” she says.

Although there is more administration required for an organic system, Bina says it is not onerous.

Bina is selling the farm to move back to the Waikato, closer to family, though as a life-long dairy farmer, and a farm owner for about 20 years, she will stay in the industry and will definitely remain organic.

“Everything you need is available now, and although there is more paperwork, completing that is not challenging as such.

For more information, see page 89.

Contact Andrew Patterson on 027 434 7636 or go to www.pggwre.co.nz/INV28584

“Most people go along a conventional path, running a farm the way they have been taught and not thinking anything different. We were motivated to challenge that approach, and it has been successful, with lower inputs, better animal health and a generous premium for our production.

88 New Zealand’s leading rural real estate company

“Once we sell here, we will either buy an organic dairy farm in Waikato or a conventional farm for conversion to organic production. We have seen the difference and having taken that step, the benefits now seem so obvious,” she says.

Wyndham, Southland

Premium Organic Option 154.1495ha at Menzies Ferry with a modern 54 bail rotary cow shed including ACR's, auto wash and teat spray and 500 cow yard. Milking 400 cows on grass based system Two homes 550 cow consent until 2022. Balanced soils Organic premium of $2 per kg MS from November 2018 Also available for sale is the vendor's 72ha run-off for wintering and calves.

$6.45M Plus GST (if any)

www.pggwre.co.nz/INV28584

Andrew Patterson B 03 211 3144 | M 027 434 7636 | H 03 230 4426

Helping grow the country 89

Wyndham, Southland

Impressively Productive

$10.5M

• 265.6762ha at Menzies Ferry • Well capitalized with 60 bail rotary dairy shed with attached concrete feed pad • Three dwellings including main three bedroom centrally heated home • Famed "Mataura silt loam" soils on flat contour • 2017/18 season milked 780 MA cows achieving 380,000kgMS

Plus GST (if any)

With a policy targeting high production with low inputs, the grass management and cow production is impressive and gives a strong assurance to the capital investment.

Darrell Duncan

Bill McDonald

B 03 209 0302 | M 027 432 5767

B 03 209 0303 | M 027 434 1928

90 New Zealand's leading rural real estate company

www.pggwre.co.nz/GOR28357

Moa Flat, West Otago

Breeding And Finishing

$3.7M

Located at 1763 Moa Flat Road is this 277.3108ha, very well presented and extremely tidy hill property. Top class fencing, good fertiliser history and regrassing program has resulted in some excellent production figures! 18 units of water from the Moa Flat water scheme ensures plenty of stock water all year round.

Plus GST (if any) 4

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www.pggwre.co.nz/GOR28718

Farm buildings comprise of four stand woolshed/covered yards (1,200 NP), two three bay hay sheds and numerous other sheds. The jewel in the crown is the modern four bedroom family home, majestic views over the entire property and surrounding area.

Derek Ayson M 027 667 9601

Helping grow the country 91

Gore, Southland

Otama Multipurpose Unit - 199.0788ha

Deadline Private Treaty

• Delightful five bedroom family homestead • Excellent subdivision with 50 paddocks easily accessed • Large covered sheep yards, woolshed, cattle yards and support shedding • Fertiliser records support the reputation of this property, a strong productive unit

Plus GST (if any) No Prior Offers Closes 4.00pm, Friday, 16 November 46 Medway Street, Gore

Located adjacent to the main Gore-Knapdale/Riversdale thoroughfare, this well managed farm will appeal with its soil, contour, fertility, climate and capital improvements being strong points to its impending sale for retiring vendors.

Bill McDonald

Darrell Duncan

B 03 209 0303 | M 027 434 1928

B 03 209 0302 | M 027 432 5767

92 New Zealand's leading rural real estate company

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www.pggwre.co.nz/GOR29039

Balfour, Southland

Self Contained Dairy Unit

$6.5M

• 216.3044ha at Glenure • 25 ASHB cow shed • Large loafing barn (approximately 3,300m²) • Average production last three years 153,000kgMS from 280 cows • Winter milk contract available • Large brick and roughcast home and 12 year old cottage • 300 cow consent until 2026

Plus GST (if any)

www.pggwre.co.nz/INV27103

Andrew Patterson B 03 211 3144 | M 027 434 7636 | H 03 230 4426

Helping grow the country 93

Wyndham, Southland

Established Dairy Run-Off

$3.25M

• 209.2865ha at Pine Bush • Laned to approximately 40% of farm • Water system with 40ml mainline for dairying • Modernised four bedroom brick home in sheltered setting • Full range of farm buildings including cattle yards, own rock quarry on farm • Three appealing duck ponds situated around the property • Wintering 500 cows, 285 calves, 120 R2 heifers, additional 165 R2 heifers until 1 May

Plus GST (if any)

Jim Fortune B 03 211 3169 | M 027 594 8346 | H 03 216 4442

94 New Zealand's leading rural real estate company

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www.pggwre.co.nz/INV27851

Mossburn, Southland

Sheep and Beef Unit

$4.35M

• 362.9905ha • Modernised three bedroom home • Three stand woolshed and covered yards • Wooden cattle yards • Finishes all stock bred on the property plus an additional 600 store lambs

Plus GST (if any) 3

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www.pggwre.co.nz/INV28824

An established unit in a reliable Northern Southland location.

Tony Paterson M 027 594 8341 | H 03 248 7305

Helping grow the country 95

Regional update Northland A mild, wet winter looks set to usher in a vibrant spring selling season across all Northland’s rural property sectors. As elsewhere, the region’s sheep and beef farms should experience healthy demand through the spring. Likewise, Northland’s horticulture sector, including avocadoes, kumara and kiwifruit, is thriving and suitable properties will attract enthusiastic purchasers. Meanwhile interest in the region’s dairy properties saw notable enquiry by early August including from potential purchasers outside the North. Despite Fonterra’s reduced payout expectations, and the threat of Mycoplasma bovis, enthusiasm for dairy is not dampened. Northland remains a viable region for purchase of a first dairy farm and other farm types are also set for spring listing. Supply and demand of rural property appears well balanced in Northland, so although an active spring market is indicated, any change in rural property values is unlikely.

Waikato This winter’s Waikato rural property market was buoyant with sales equalling and surpassing those from last winter. June and July were particularly busy. Across most farm types, prices firmed slightly, though that could reflect the better quality of farms offered to the market this winter compared to last. Levels of enquiry through the winter and early spring, especially from potential vendors, indicate a busy selling season. With sheep and beef returns continuing along positive trends, buyers outside the dairy sector are confident, and activity in that market could be a highlight through the coming months. Waikato’s horticulture market is also strong. With few of last season’s listed rural properties left unsold, and plenty of buyer interest, anyone bringing a farm to

the market in the region this spring can expect a positive reception with prices likely to remain reasonably firm.

low interest rates are one of the factors motivating those intent on buying, they are a negative factor for some who might otherwise be ready to sell, as putting sale proceeds into a term deposit is less attractive than continuing to farm when returns, particularly for fat lambs and cattle, are so high.

Bay of Plenty, Central Plateau and South Waikato Hawke’s Bay Kiwifruit represents a substantial segment of the Bay of Plenty’s rural property market.

Although demand for gold kiwifruit orchards has pushed values above $1 million per canopy hectare, owners are electing to profit from returns rather than capitalise on land values.

Spring listings are likely to remain scarce.

Demand for sheep and beef property is strong and steady. When listed, drystock and beef breeding units are attracting attention. As elsewhere, the Bay of Plenty dairy property market is gradually overcoming negative value perceptions that have prevailed since last year’s general election, persuading some against offering land for sale. Financiers seeking to reduce exposure to the rural sector are also holding back interest in dairy farms. Completed deals are with existing or adjoining owners who can leverage purchases. Newcomers to the Bay of Plenty market are less readily apparent at present.

Lower North Island Farm listings through Taranaki, Wanganui, Wairarapa, Manawatu and Horowhenua were scarce during the winter and are likely to remain tight through spring. Demand for property within these regions, however, is steady with plenty of farmers keen to purchase property that can add value to existing holdings. This is most apparent among farming families seeking to expand their operations or establish the next generation into farm ownership. Although prospective purchasers are from both within and outside the lower North Island, most recent sales have been to neighbours or locals. While

96 New Zealand’s leading rural real estate company

A limited number of Hawke’s Bay farms sold in June with values approaching $12,000 per hectare. With sheep and beef income well above last year farmer confidence is growing. Several farmers in their 60s and 70s recognise this is a good time to sell. When they come to the market their farms should attract steady inquiry. Others who might be inclined to sell will prefer to continue farming and cash in on a favourable season. A particularly wet winter has delayed some listings. One that will draw attention is a 580 hectare intensive cropping and finishing farm between Waipawa and Tikokino. Meanwhile, substantial interest is evident for land suitable for forestry, with lower performing Hawke’s Bay farms attracting attention from corporate interests intent on planting trees. Their budgets support purchases up to $6,000 per hectare for clean hill country within easy reach of Napier.

Nelson and Marlborough Several Nelson and Marlborough properties sold well in winter, including a 500 hectare St Arnaud grazing block sold in April for $2.6 million; a well-established Murchison sheep and beef property sold in May above $3.5 million; and a 147 hectare Kaikoura deer block sold in March above $4 million. In the dairy market, a 93 hectare Murchison farm sold in April for more than

$2.1 million. Marlborough viticulture land and sheep and beef farms remain in heavy demand.

A 350 hectare sheep and beef property in the Nelson Lakes region should meet keen demand when it comes to the market, as will several smaller grazing units. A Buller dairy farm producing 300,000 kilograms of milk solids per annum will also test the market in what is set to be a positive Tasman spring for rural property transactions.

hectare, are readily available. In terms of value these compare favourably to other dairying regions. Pricing means West Coast property is a sensible investment for dairying families seeking to establish younger members in farm ownership. Increased optimism, and momentum towards generational change that has been held back for a few years, should result in several farm transactions in the region during spring and summer.

Canterbury

Mid and South Canterbury

Fewer listings came to the Canterbury rural property market through the winter than would normally be expected. Lack of enthusiasm in the dairy sector was the main reason, with overseas buyers taking a spell and confidence among vendors running short. One approximately 100 hectare North Canterbury finishing farm sold in June for $20,000 per hectare. Plenty of potential purchasers of sheep and beef properties are evident, particularly those looking to augment their farms with the addition of 40 to 70 hectare grazing blocks. With relatively few properties listed in this category, those that have been offered to the market have attracted plenty of interest. Several attractive properties, particularly in North Canterbury, will come to the market in spring. Values for the region’s sheep and beef farms are likely to hold steady through the next few months.

West Coast After a prolonged period of low market activity, West Coast farmers have become more optimistic as local co-operative Westland Milk Products looks to have entered a more prosperous phase. Some initial purchaser enquiry late in the winter, including from outside the region, could transition into meaningful market activity by October or November. West Coast entry level farms, around 100 hectares, producing approximately 100,000 kilograms of milksolids per annum, and priced between $15,000 and $25,000 per

Commodity prices are supporting farmer optimism within the sheep, beef, venison and arable sectors, though caution prevails in dairy. While the payout forecast remains favourable, albeit lower than a few months ago, environmental and biological challenges are the main factors preoccupying Mid and South Canterbury dairy farmers. Larger dairy units offered to the region’s winter market met limited buyer enquiry. Demand is mainly localised and focused on lower cost farming systems with highly reliable water.

Canterbury-wide, the average 2017/18 dairy farm sale was a 162 hectare property selling at $50,602 per hectare. Lease opportunities, for both vendors and purchasers, have attracted increased attention, particularly surrounding dry-stock and arable farms. Several quality, well-presented Mid and South Canterbury drystock and dairy units will come to the market as spring progresses and should receive a positive welcome from the region’s motivated buyers.

Otago A strong spring rural property market is indicated in Otago particularly in the sheep and beef sector. Attractive listings will come forth throughout the region across all types of grazing properties ranging from 1500 to 10,000 stock units. Those selling breeding and finishing properties made decisions earlier in the winter than normal. Favourable commodity prices persuaded many, while those considering winding down their farming careers recognise that now is an excellent time to sell. They can look forward to an enthusiastic and active local gallery of purchasers, generally existing farmers looking to increase scale, or grow the family farming unit. While the supply and demand of Otago rural properties has been uneven recently, with plenty of new listings coming through, the balance is set to be corrected. As in Canterbury and Southland, caution prevails among Otago dairy farmers.

Southland In the region most affected by Mycoplasma bovis, Southland drystock blocks are attracting increased demand. As elsewhere, dairy farmers seeking to improve selfsufficiency by isolating herds were eager to purchase 70 to 100 hectare grazing properties. Lease land is in high demand for the same purpose. That aside, since calving the region’s dairy property sector has been subdued. Meanwhile, an $8 per kilogram plus lamb schedule, the beef schedule remaining firm, the weakening currency and interest rates staying low make prospects for sheep and beef farmers excellent. In Northern Southland demand for arable property is high, with land changing hands above $25,000 per hectare. Listings will determine spring market activity. Selling Southland rural property this season could be an attractive option as most classes of farm can expect a positive reception from purchasers, and current values for capital stock are at excellent levels.

Helping grow the country 97

A closer look SHEEP AND BEEF Activity in the property market for sheep and beef farms was buoyant through the winter with the quantity of transactions equalling, or in some cases exceeding, sales for the same period last year. Although statistics suggest prices have firmed slightly, rather than an actual increase, that may be due to the better quality of farms offered for sale this year compared to last. General optimism in the sheep and beef sector indicates a busy season with inquiry during the winter and early spring, especially from potential vendors, at higher than normal levels. Cyclical issues around farm ownership and career progression are the main factors motivating those who seek to sell particularly as older farmers consider increasingly complex compliance issues. One notable winter sale was a well-appointed 1026 hectare finishing property at Mahoenui.

DAIRY NORTH ISLAND DAIRY A 92.5 hectare property on the outskirts of Cambridge, held in the same family for 120 years, sold at auction in May for $11.1 million. Purchased by a neighbour this sale equates to just short of $120,000 per hectare, a record for a Waikato dairy farm. Although prices for dairy land elsewhere appear to have firmed slightly in the winter, that possibly reflects the superior quality of farms transacted recently rather than increased market appetite. A busy spring North Island dairy farm market is likely, with steady inquiry from potential vendors through the winter, and some attractive farms poised to list. With the risk of Mycoplasma bovis preoccupying many farmers demand for smaller blocks and grazing farms, which will enable dairy operations to become more self-sufficient, is likely to rise. Farm prices should remain reasonably firm through the spring.

SOUTH ISLAND DAIRY With caution prevailing in the sector, particularly around Mycoplasma bovis, few winter sales of Canterbury or Southland dairy farms were completed. Two Northern Southland properties did change hands. Each of approximately 400 hectares, both were purchased by the same New Zealand owned corporate buyer for between $24,500 and $28,000 per hectare. Although other dairy farm sales were rare demand for grazing blocks is strong as farmers seek to make themselves self-sufficient, keeping stock isolated from infection. Blocks from 50 to 100 hectares, with water, are particularly sought after. Once spring milk testing clarifies the Mycoplasma bovis status of individual properties, likely on or before 15 November, more South Island dairy farms may come to the market. Some potential purchasers

are waiting to see if any affected farmers will be encouraged to sell. While there is uncertainty, discounts might be anticipated.

VITICULTURE Prices are firm across all classes and sizes of viticulture land as market interest remains high. Winter sales of Wairau Valley bareland with good water rights ranged from $30,000 to $65,000 per hectare. Several larger development blocks in Marlborough’s fringe areas sold to corporate buyers at around $25,000 hectare, while the New Zealand Super Fund acquired a sizeable Awatere Valley vineyard. Increased market activity is indicated in spring. Listed for sale in the Awatere Valley, a 160 hectare bare land vineyard development, with a B class water right, should attract substantial interest. Additional large development blocks will be offered to the market for 2019 planting and several 15 hectare plus Marlborough vineyards have been listed for spring sale. Meanwhile considerable vineyard development is under way in the Matapiro district, west of Hastings, where corporate growers are expanding rapidly with a huge number of plantings.

KIWIFRUIT This season’s kiwifruit property market started spectacularly in October with a series of gold kiwifruit orchards selling between $1.05 million and $1.076 million per canopy hectare. While there were no further sales at this level during the summer, that was due to the lack of listings rather than exhaustion of demand. Existing interests in the sector, as well as other investors eager to become involved, are driving this demand for kiwifruit property. Opportunities to buy, however, are limited. Some orchards growing green kiwifruit did change hands during the summer fetching approximately $400,000 per canopy hectare. As growers move towards harvest in the autumn, listing activity should recommence. While orchardists sustain elevated returns on investment, and with positive commentary from Zespri on the prospects for G3 gold kiwifruit, any softening of the high values at which property is transacting is unlikely.

PIPFRUIT AND STONEFRUIT Although demand for gold kiwifruit orchards is at benchmark levels, rather than cashing in, owners prefer to take the excellent returns thattheir crop is expected to generate in the coming season. Property sales were therefore scarce during the winter and listings are unlikely to come forth in great

98 New Zealand’s leading rural real estate company

numbers in the spring. For those sales that do proceed existing orchardists are the dominant purchasers. One small Paengaroa orchard, including a house, sold consistent to benchmark levels during July. Twelve months ago the best gold kiwifruit orchards were changing hands at $800,000 per canopy hectare. Now value expectations sit above $1 million. For highly favoured green kiwifruit orchards $450,000 per canopy hectare, excluding the crop, is the going rate.

Continued price rises will depend on support from financial institutions which may regard anything higher than current levels as unsustainable.

CROPPING Returns for feed and malting barley, feed and milling wheat and white clover are ahead of last year by anything from five to 25 per cent providing encouragement for arable farmers.

Dairy farmers seeking to improve their self-sufficiency in the face of the Mycoplasma bovis outbreak also provide cropping farmers with additional options. Benchmark prices for cropping farms sit between $48,000 and $52,000 per hectare and are unchanged for more than 12 months. One or two properties selling favourably in Mid Canterbury’s arable ‘golden circle’ in September may encourage others to test the spring market. In these properties purchasers are mindful of land and water regulations constraining nitrate use. This is encouraging some innovation around land use. Purchase of additional smaller blocks to augment a larger cropping farm could become a more significant feature as this trend develops.

FORESTRY With New Zealand logs under strong demand from overseas markets, particularly China and India, enthusiasm for forestry property remains high. Currency exchange trends are further improving the equation for exporters.

Forestry activity continued through July and August, including in regions where the weather traditionally curtails winter operations. Independent companies seeking to source timber through the purchase of trees and land are in the market for suitable property. They need to enhance the supply of logs into their processing businesses for domestic and export markets. Any forest properties listed for spring sale should be well received and vendors can expect positive outcomes. Transactions for forests planted in the mid 1990s are now approaching maturity and currently sit between $30,000 and $35,000 per hectare. With demand exceeding supply and the market favouring the seller, those values may well firm in the coming months.

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Image: ‘Coastal Trophy Cattle Country’ Check out this property on page 34 or at: www.pggwre.co.nz/property/HAM28362 For outstanding results and unparalleled expert knowledge, talk to New Zealand’s leading rural, lifestyle and rural-residential property specialists today.

PGG Wrightson Real Estate Limited, licensed under the REAA 2008