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Large dairy farm in receivership for sale

Tags: Commercial Taupo

A large dairy farm milking approximately 2500 cows in two herds has been placed on the market for sale by tender in a receivership process.

The farm is situated at Rangitaiki – some 38 kilometres south-east of Taupo, and is made up of three combined landholdings totaling 1235 hectares of land, with an effective land area of 1004 hectares.

The majority of the farm is flat to rolling terrain. During the 2014/2015 milking season the farm produced 519,477 kilograms of milk solids. The target for the 2015/2016 season is 700,000 kilograms of milk solids. In the 2011/2012 season the farm produced more than 800,000 kilograms of milk solids.

Buildings on the farm consist of four modern three and four-bedroom residential dwellings built in the 2000s, two 80-bail rotary cowsheds, two calf sheds, a 100 tonne fertiliser bin, a three-bay half round hay barn, and a range of machinery and equipment storage sheds.

The farm is subdivided into 115 paddocks separated by a mix of traditional post and batten fencing, along with two and three-wire electric fences - all serviced by extensive races featuring consolidated pumice. Water for irrigation and stock is drawn from the Taharua River, and the farm also has an effluent disposal system.

The property is located on Taharua Road in Rangitaiki and is being marketed for sale by Pete Stratton and Ben Hickson of Bayleys Real Estate through an international tender process closing on March 10. The stock currently grazing the farm are not included in the sale.

Mr Stratton said given the layout of both the milking sheds and the staff housing, the farm could be bought as two separate units.

Mr Stratton said the farm was mostly situated at between 740 – 780 metres above sea level, rising to a high point of 1000 metres.

“Much of the property is open aspect, and the hills tend to be west facing. Good contour ensures the property is suited to a range of grazing options including sheep and cattle as well as dairying,” he said.

“The annual recorded rainfall varies from 1700mm to 2100mm per annum – with the rainfall generally well spread to deliver very good late spring and summer grass growth. Winters can involve between one to six snow events annually.

The predominant soil type is a pumice ash, while there is also Urewera sandy loam, Tihoi sandy loam and Otamatea/Taupe/Kaingaroa sand loam soils through the property.

“A significant programme of improvements, repairs and maintenances to the farm, property and plant, has been undertaken by the current tenant during the course of their lease,” said Mr Stratton.

“Improvement work completed over recent years includes race maintenance, resolving the water spring supply, installing water purification systems to the cow shed, and installing water tanks to two of the residential dwellings.

“Water is drawn from the Taharua River and pumped via a 100mm line to the cowshed, then pumped to reservoirs on the higher points of the farm. Gravity reticulates via 63mm mains and laterals to troughs in all paddocks.

‘For effluent control, the property has a large storage reservoir for effluent disposal associated with each cow shed. The system has been designed to incorporate separation of solids prior to the effluent entering the reservoir and being pumped to spray-irrigate pastures. The system has been approved by Hawke’s Bay Regional Council with resource consent in place until 2019.”

Mr Stratton said the property was close to spectacular recreational hunting and fishing areas – including the adjoining Kaimanawa State Forest park and the nearby Poronui Station, with a number of properties in the area providing bases for flying in recreational users.

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