Dairy Farm Sale Hawkes Bay

May 30, 2012 at 10:09 am

A significant dairy farm recently sold located on Snee Road, Takapau.  Comprises 370ha with target production for this season of 370,000MS from 1025 cows.  The sale includes the lease of a further 31ha of which 20ha is utilised as milking platform.  Improvements include 60 bail rotary shed constructed in 2006 with automatic in-shed feeding system, three-bedroom manager’s dwelling, two-bedroom milker’s cottage plus a number of calf sheds, implement sheds, workshop and haybarns.  Land comprises predominantly flat to easy contour with milking platform of near 340ha, balance land being medium to steeper areas.  This sale equates to a land value per hectare of $19,200.  Sale price per MS is assessed at $24.85 based on 350,000MS, being a slight reduction from this year’s target of 370,000MS allowing for the leasehold land.  Sale price per MS excludes shares.  This sale received good levels of interest with multiple tenders received.  The sale price is considered consistent with current land values in this locality.

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Entry filed under: Rural Market.

Silver Fern Farms Hawke’s Bay Farmer of the Year 2012 Hawkes Bay Rural Property Market Report Autumn 2012


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