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22 November 2021

Listen: Rural Property Market at its Peak

The Country’s Jamie Mackay is joined by PGG Wrightson’s General Manager for Rural Real Estate, Peter Newbold, to take a look rural property this month. 

Newbold talks about how the selling is strong and the value is good in the rural property market with great prices in all sectors. The last rural property peak was around 2013-14.

The dairy property market has recently seen reluctant interest; however, the recent property boom has increased attention, particularly by the government sector. Newbold adds that the dairy properties are having their best season in a long time with people wanting to invest in the $10 million+ sector. 
Sheep and beef properties continue to be prosperous, particular with continued interest from buyers and investors in metro areas. 

Horticulture properties continue to be a kingpin in the market. Mackay notes the immense values that some of these properties are going for when they eventuate onto the market. Newbold adds that there are a number of quality orchards that help the market to move forward positively. 

Newbold anticipates a surge of Aucklanders wanting to relocate into the rural sector once they are allowed to leave their lockdown in December.

 

PGG PROPERTY OF THE WEEK: Lake Station

Click here to view property

For the first time in four generations, 'Lake Station' is being offered for genuine sale and consists of 1009ha (2500 acres) in three titles.

Fronting onto the Buller River and with the magnificent St Arnaud Range as a backdrop Lake Station is a truly remarkable grazing property.

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Elite Winton herd offered as New Zealand's first online dairy herd sale

22 November 2021

Online livestock sales, which have gained plenty of traction under Covid, look set to go to a new level next month, with an elite Southland Friesian herd set to become the biggest single livestock offering sold so far online.

PGG Wrightson Southern South Island Dairy Livestock Manager Mark Cuttance is overseeing New Zealand's first online dairy herd sale. Winton farmers Simon and Liz Harnett's cow herd, which Mark Cuttance says ranks in Southland's top two per cent, is offered for sale by bidr on December 9th. 

"This is the first time PGG Wrightson has sold a dairy herd online.

"Usually, when you sell a herd, prospective buyers are the people you already know. Marketing their herd by online livestock platform bidr gives the Harnett's access to dairy farmers throughout the country, dramatically extending the range of potential purchasers. 

"This is an excellent herd, particularly well suited to this groundbreaking selling format," says Mark. 

PGG Wrightson Southland Dairy Representative Roddy Bridson has worked with Simon and Liz Harnett for several years. 

"You'd go a long way to find better operators than the Harnett's, which is evident in their herd. These cows are great looking animals, with good capacity, grown to their potential, ranking high on productivity with low inputs. 

"Genetics is a key part of Liz and Simon's farming philosophy. Dairying has been their life and passion, which this herd demonstrates perfectly," says Roddy.

Jamie Cunninghame, PGG Wrightson National Dairy Livestock Manager, says Covid and uncertainty around lockdown levels have resulted in more online sales. 

"More people are doing more business online generally, and farmers are also finding the benefits of bidr, New Zealand's virtual sale yard, more quickly than they otherwise would if Covid hadn't occurred. Under Covid, if the lockdown alert levels change, an online sale can still proceed with minimal disruption. Online sales will not replace on farm or sale yard auctions, though they are a new option that has great advantages for some sales, particularly those with potential to attract buyers nationwide," says Jamie.

Scheduled for auction on Thursday, December 9th at 1 pm, with approximately 360 two to eight-year-old cows offered from a total of 440 in milk. 

For more information or to register for the Simon and Liz Harnett auction, see:
bidr.co.nz/auction/902

 

Download sale details here >> 

Positive signs for a healthy season of dairy herd forward sales

24 November 2021

Farmers considering offering herds for purchase need to start preparing now

Listings for forwarding sales of dairy herds for settlement on 1 May and 1 June 2022 are starting to come onto the market. Any farmer considering selling a herd should contact their livestock representative now. 

 

Early planning is essential. An optimal marketing plan will help secure maximum value. Herds with both autumn and spring calving cows and heifers generally come forward at this time of year. 

 

While it is too soon to predict how values will trend, early sales have been encouraging. A powerful Global Dairy Trade sends positive market messages throughout the sector, which we are hopeful will flow into the dairy stock market and enable vendors to capitalise.

 

In those circumstances, the key to optimising value is to talk to your livestock representative early, discuss the sales process in detail, and plan accordingly. When you use PGG Wrightson to sell your dairy herd on a forward contract, we will make sure we leave no stone unturned to create the best market possible. 

 

For more information check www.agonline.co.nz

Jamie Cunninghame, PGG Wrightson National Dairy Livestock Manager 

 

North Island rebounding from slow, chilly start to spring

24 November 2021

Cattle, yearlings, weaners and lambs all selling well 

By early November, the North Island's slow, chilly start to spring had ended, temperatures were rising, and the grass was growing fast. Particularly gratifying: Hawke's Bay, in drought for the past three years, received plenty of rain at an ideal time, with the moisture appearing to have soaked in, setting up perfect ideal conditions. 

 

North Island cattle and yearling markets have responded well. Although a few sales have dropped slightly on comparative needs, in most instances, we are close to record prices through the saleyards, statistics that optimistic red meat schedules fully justify.

 

Demand for dairy beef weaners is solid, particularly for beef cross heifers and steers. At the same time, results for Friesian bulls have initially been mixed across most regions, though they should rise as spring grass growth accelerates. 

 

New-season lambs are starting to come to the market. Given the circa $9.50 per kilogram schedule, prices align with expectations, noting that many lambs around most regions are looking for a good dose of sun to bring on the bloom they would typically display at this point of the season.

 

Some covid frustration is creeping in, with those operating in lockdown level three suffering most. These conditions pose challenges for agents, saleyard staff and especially for purchasers, with some obstacles in travel to locations. Where at all possible, in those locked down areas, we are attempting to live-stream significant sales, with the uptake and results through bidr® playing a substantial part. 

 

Matt Langtry, PGG Wrightson North Island Livestock Manager

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