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Demand for kiwifruit orchards sets new benchmarks in Bay of Plenty

Fully developed gold kiwifruit orchards in the most sought after Bay of Plenty districts have sold recently at $1.7 million per canopy hectare. Although that value comfortably exceeds most other uses of primary production land, and continues to rise unchecked, returns routinely justify such investment.

For sale by tender in October, one of the Bay of Plenty’s most prestigious gold kiwifruit orchards may further extend price records, while bare land blocks suited to growing the crop are also under intense demand.

According to¸ demand for available orchards is overshadowing the supply, meaning development of production blocks is the only way investors can enter the sector, or existing orchardists expand.

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