Archive for January 22, 2013

CROPPING BLOCK – 41 RICHMOND ROAD, HASTINGS

A recent sale of a well located cropping property in close proximity to Hastings sold under tender in December 2012 for a sale price of $1,050,000.  Soils consist predominantly of Hastings silt loam.  The 16.43ha property has a cottage in fair condition, bore and a number of sheds of limited value.  The sale equates to an average gross sale price per hectare of $63,890.

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January 22, 2013 at 1:17 pm

RAWHITI DAIRY SALE – TAKAPAU PLAINS

A significant sale of a large scale dairy unit recently occurred.  Rawhiti Dairies is located in the Ashcott district of Central Hawke’s Bay, 18km northwest of Waipukurau.  The property consists of 464ha of dairy farm and 150ha of support block across the Tukituki River.  Rawhiti was converted to dairy from cropping and dry stock with milk production commencing in the 2008/2009 season; production for 2011/12 of 604,200kg MS was achieved and continues to trend upwards with targets of 620,000/650,000kg MS set for the 2012/13 season.  The sale price of $14,500,000 includes land and buildings, excluding dairy company shares.  Major improvements include 5 dwellings, 60 bail Waikato rotary dairy shed with in-shed feeding system, Protrack automation, and other auxiliary infrastructure.  The property is partially irrigated covering 332ha via one fixed and one moveable centre pivot irrigator with 80ha covered by 2 gun irrigators.  Based on last year’s production this sale price equates to some $24/kg MS.

January 22, 2013 at 1:16 pm


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