Biggest trends

Resurgent demand for quality dairy assets

Buyer interest remains strong across quality dairy farms, particularly in Canterbury and Southland. Waikato is also seeing solid activity, especially for well-maintained properties.

Liquidity improving

Fonterra’s $10/kgMS forecast payout for 24/25 and early indications of similar 25/26 forecast is driving renewed confidence across the sector. Strong returns are now translating into higher levels of liquidity within the dairy market nationwide, despite elevated input costs.

Environmental due diligence front and centre

Environmental compliance remains a key focus for buyers, strongly influencing value assessments and overall purchase behaviour.

Outlook for the next 12 months

Quality farms expected to remain in high demand

Dairy farms with strong infrastructure and proven production history are expected to sell well through winter and spring. Buyer activity in Southland, Canterbury and Waikato suggests quality assets are clearing effectively and achieving strong values.

Sales momentum expected to continue

Many regions are experiencing a catch-up cycle following several lower-volume years. Solid clearance rates so far in the 24/25 season suggest this momentum will carry into spring, supported further by easing interest rates and sustained market confidence.

Conversions on the increase

Southland and Canterbury are seeing a rise in consent applications for dairy conversions, with several already approved. This is driving renewed interest in dairy support land, as existing operators look to secure wintering and young stock grazing ahead of further land use changes.