21-07-2014 09:27 AM | New Zealand

Big drop in dairy farm sales

Farm sales and prices continue to make steady gains on a year ago, but sales of dairy farms have turned sharply downward as global commodity prices fall.

Figures from the Real Estate Institute (Reinz) show the 544 farm sales over the three months to June eased 3.5 per cent compared to May. They were up nearly 15 per cent on the same period a year ago.

More than 1900 farms sold over the year, a 27.4 per cent increase.
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