A recent gold kiwifruit orchard sold for a new price record of $2 million per hectare, less than five years after the first $1 million per hectare sale was recorded in Bay of Plenty. Five kiwifruit orchards in Te Puke, planted in both green and gold varieties, were offered for sale in February. All five were sold to a partnership of established growers for $36.7 million, equivalent to $2 million per canopy hectare for the land planted in gold vines.
The price topped the previous benchmark for gold vines, set in December, by $200,000 per hectare, and was double the $1 million per hectare paid for two other Te Puke orchards in June 2017. It was also more than six times the median price per hectare for horticulture farms – $304,430 in the three months to December 2021, and trending down over the past 12 months.
Source: stuff.co.nz
