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Waitaki Valley

414 Glenn Settlement Road, Waitaki Valley, Waitaki

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203.56 ha Land area SQM
4 Bedrooms
1 Bathrooms
4 Parking

Proven performance in the heart of North Otago


Attention dairy farmers, investors, and agribusiness buyers.

Opportunities to secure high-performing, medium-sized, fully irrigated dairy farm in the sought-after North Otago region are becoming increasingly rare. Kowhai Dairy presents an outstanding chance to acquire a well-developed and highly productive farming operation with an exceptional track record.

Kowhai Dairies comprises approximately 157 hectares (subject to survey), with an effective milking area of 151 hectares, supporting a 530-cow operation on a dedicated milking platform.

Fully irrigated via the highly reliable North Otago Irrigation Company (NOIC) scheme, the property benefits from water delivered under pressure directly to the farm boundary, with irrigation shares included in the sale. The current K-Line irrigation system offers future potential for conversion to pivot irrigation and grid development if desired.

At the heart of the property sits a centrally located 40-aside herringbone dairy shed, featuring in-shed feeding and all the infrastructure required for efficient day-to-day management. Supporting improvements include:

•Upgraded two-pond lined effluent system
•Modern steel cattle yards
•Excellent stock loading facilities
•Extensive calf-rearing infrastructure
•Well-maintained farm tracks throughout
•Multiple support buildings and implement sheds strategically positioned around the farm

The farm is presented in excellent order, with strong, productive pastures and a well-established focus on soil fertility. Deep silt soils provide excellent moisture retention and consistent pasture growth. A proactive regrassing programme incorporates fodder beet for autumn milking, supporting ongoing productivity and pasture renewal. Over the past five seasons, the property has averaged approximately 250,000 kgMS, with the current season budgeted at 260,000 kgMS, demonstrating consistent production and solid financial performance.

The property offers a high standard of accommodation across three dwellings:

Main Homestead
•Spacious 4-5 bedroom Oamaru stone residence
•Attached 3-4 car garaging
•Elevated position with stunning views across the property and surrounding valley

Second Dwelling
•Near-new G.J. Gardner home
•Three bedrooms
•Situated on its own 4-hectare title

Additional Accommodation
•Comfortable two-bedroom cottage
The accommodation package provides excellent flexibility for owners, managers, or staff.
Forestry and Carbon Income Potential

Also available for purchase is an adjoining 44-hectare (approximately) Radiata pine forestry block on a separate title within the property's footprint. The forestry investment already has carbon farming established, generating annual income. Professionally managed and silvicultured, the five and seven-year-old trees are progressing well, with much of the block requiring only final pruning and thinning. The property offers attractive future returns through timber production, carbon credits, or environmental offset opportunities.

With infrastructure improvements largely complete, there is very little left to spend. This is a genuine walk-in opportunity allowing purchasers to focus on production from day one. The vendors own all stock and plant, creating the option to negotiate a complete going-concern purchase. Existing arrangements for winter grazing and young stock may also be available by negotiation.

Following the successful conclusion of a long-standing equity partnership, the retiring vendors have made the decision to exit farming in North Otago, creating a rare opportunity for the next owner to secure a highly productive and well-established dairy business.

With very few medium-scale dairy farms of this caliber, performance history, and infrastructure standard coming to the market, interested parties are encouraged to act promptly.

Deadline Sale Closes 4.00pm, 16 November (unless sold prior)

Settlement: 01 June 2027

Key features


Dairy

157ha approx (STS) with 151 effective irrigated area milking 530 cows, producing a target of 260,00kg MS

Irrigation

Fully irrigated with k-line irrigation (NOIC)

Infrastructure

40 A/S Herringbone, with in shed meal feeding, new two pond lined effluent system, three dwellings, multiple support buildings

Forestry

45ha approx in pine trees, in the ets