HASTINGS // 169 Berry Road, Te Pohue

Located 45km North West of Napier in the summer green farming district of Te Pohue, is this 411.07 hectare dairy opportunity in two titles which was originally converted from a sheep and beef farm in the late 1990's. This property benefits from a reliable annual rainfall and temperate climate. Together with the good balance of contour and scale, it lends itself to number of different farming polices. The milking platform comprises approximately 320 hectares and has 40 ha of easy country under effluent irrigation, 170 ha of rolling hills with the balance being medium hills. The property has good, free draining ash and volcanic soils. There is an area of approximately 40 hectares that is planted in 20 year old Pines, of which an area has been harvested.\n\nThe 40 bale Dairy is centrally located for ease of management with an extensive lane system servicing the farm. With the use of conventional and electric fencing the property is subdivided into 87 main paddocks. Two separate reticulated water systems deliver water to all paddocks. Additional infrastructure includes a large calf rearing facility, original woolshed, implement shed, feed shed and three dwellings.\n\nMilking approx 740 cows this season the property has milked up to 900 cows in the past. We are advised that due to financial constraints milk production has been varied in the past three years with an average production of approximately 167,000 kgMS. The company holds 230,000 Fonterra Shares and with an effluent discharge consent for up to 900 cows there is a great opportunity to increase production for minimal cost. The sale includes 230,000 Fonterra Shares with the option to buy stock and plant at valuation.\n\nThis opportunity will suit a wide range of purchasers that demand a return on capital with the potential to increase value. \n\n