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Confidence Constrained By Climate


Data released today by the Real Estate Institute of New
Zealand (REINZ) shows there were 220 more farm sales
(+89.4%) for the three months ended April 2021 than for the
three months ended April 2020. Overall, there were 466 farm
sales in the three months ended April 2021, compared to 432
farm sales for the three months ended March 2021 (+7.9%),
and 246 farm sales for the three months ended April
2020.
1,677
farms were sold in the year to April 2021, 45.1% more than
were sold in the year to April 2020, with 120.0% more Dairy
farms, 84.1% more Dairy Support, 20.8% more Grazing farms,
54.4% more Finishing farms and 11.8% less Arable farms sold
over the same period. ....

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