NZ kiwi orchards in high demand despite fall in rural property values
"Sales volumes over the summer season have been lower than previous years in many farming sectors, including dairy, sheep and beef, and this has impacted on rural property values as the market is relatively subdued," Ruralvalue General Manager Richard Allen said.
"Farm owners are facing a number of compliance changes including in fresh water management, environmental impact controls such as levels of nitrogen, as well as proposed changes to IRD's farm expenses rules."
"All of this has created uncertainty in the rural land market and this is now being reflected in values, particularly in the dairy farming sector, which have continued on a downward trend and are now back to 2014/15 levels in most parts of New Zealand." he said.
source: interest.co.nz
