NZ dairy land values 'stuck in neutral', set to slide – Rabobank
NZ dairy land values 'stuck in neutral', set to slide
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[23 January, Jamie Gray, The Country]
Rabobank believes that dairy land values will begin to soften in the near future due to tighter credit availability, reduced flows of foreign capital and pending environmental change resulting in higher compliance costs. REINZ data that was released this week showed that the median price per hectare for dairy farms has fallen 6 percent over the last 12 months. It is expected that a declining dairy land market would impact all industry participants.
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