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NZ dairy land values 'stuck in neutral', set to slide – Rabobank

NZ dairy land values 'stuck in neutral', set to slide

Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.

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Ian Proudfoot

Global Head of Agribusiness, Partner - Audit

KPMG in New Zealand

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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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