PGG Wrightson Real Estate Property Express Spring 2019 by PGG Wrightson Real Estate

Winter Trading / Finishing Flag Range Road, Sherenden Hawke’s Bay (See inside for details on this property)

SPRING 2019 | www.pggwre.co.nz/property-express

Welcome Lively rural property market through spring and beyond

Many farmers and growers are enjoying good returns with horticulture and sheep and beef especially vibrant. That optimism is likely to generate plenty of activity through spring and summer.

Horticulture is also enjoying the benefits of the excellent demand that New Zealand’s powerful international brand stimulates for our produce. That flows directly to the rural property market, nowhere more clearly than in kiwifruit, where record values are surpassed virtually every quarter, where Zespri’s licences to grow the coveted gold variety were oversubscribed by almost 150 per cent this year, and where demand to invest in the sector shows no sign of easing.

Several factors are working in favour of farmers particularly those in the sheep and beef sector. Strong global demand for red meat, a relatively low New Zealand dollar, and continuing low interest rates are all encouraging. For many, particularly in this sector, succession planning is closely tied to offering property to the market. When generational change is motivating a sale, families can be more selective in choosing the time to offer up the farm. Plenty are recognising that now is a good time to capitalise on their primary asset.

Changing land use has been a constant throughout the history of New Zealand agriculture, and with many sectors so buoyant, there is no shortage of investor confidence in trying something different. We can see that, for example, with the reach of horticulture extending into Northland and Waikato, the footprint of hops doubling over the past five years in the Tasman region, viticulture taking almost all the available land in Marlborough’s Wairau and Awatere valleys, and increasing apple production on what was traditionally

A gentle winter and international markets working in favour of our primary production exports are giving farmers confidence, which is translating through into most sectors of the rural property market.

Hawke’s Bay sheep and beef country. Although it has a major role in the nation’s economic fortunes, the dairy sector is currently framed by uncertainty. While dairy property sales have trended down for the past two years, an increasing number of farms are likely to list for spring sale. How soon they will sell is difficult to predict. Some purchasers are awaiting a price correction, while others are finding it difficult to secure the finance they will need if they are to buy. In the coming months an increase in the volume of dairy property sales is probable, though unlikely to be instant. This edition of PGG Wrightson Real Estate’s premier listing publication Property Express includes some exceptional sheep and beef farms. Motivated, willing and well-qualified buyers are seeking property in most farm types which looks unlikely to change through the rest of the year. Although the supply of desirable farms should increase, it will not

PGG Wrightson Real Estate Limited is acting solely as the selling agent for the vendor, and is not responsible for the accuracy and completeness of information supplied by the vendor either directly or via PGG Wrightson Real Estate Limited, whether contained in an information memorandum or otherwise. PGG Wrightson Real Estate Limited has not verified such information and PGG Wrightson Real Estate Limited is not liable to any party, including the purchaser, for the accuracy or completeness of such information. Potential purchasers and investors should also note that the vendor is responsible for obtaining legal advice on any Securities Law aspects associated with the proposed transaction and that PGG Wrightson Real Estate Limited is not a promoter for Securities Law purposes but is solely acting in its professional capacity as a selling agent. PGG Wrightson Real Estate Limited, licensed under the REAA 2008.

Cover: Winter Trading / Finishing Block | HAS30638 Flag Range Road, Hawkeâ&#x20AC;&#x2122;s Bay (See page 44 for details on this property)

exceed demand and values should therefore hold firm. To evaluate your options to buy or sell rural property, contact a salesperson at your local PGG Wrightson Real Estate office. Our broad team, encompassing deep experience and decades of local knowledge, covers the country. Via the wider PGG Wrightson brand, we are linked to an unsurpassed network, fully attuned to those who do business on the land. We look forward to hearing from you and to assisting you with your rural property objectives.

Contents 2

Our offices

Our company

Top regions significant sales

Regional update

A closer look

10 North Island properties 50 South Island properties

feature articles 14 Premium opportunity Ruawai 20 Waitaha 26 Waikato dairy heartland 34 Thornton

Peter Newbold

41 Outstanding Oakbourne

General Manager PGG Wrightson Real Estate Limited

58 Grand heritage Achray 67 Family farming innovation 80 High country heritage 88 Barnhill

Helping grow the country

Our offices For specialist knowledge on buying and selling rural, lifestyle and rural-residential real estate throughout New Zealand, contact your local PGG Wrightson Real Estate branch.

North Island Cambridge Dannevirke Dargaville Feilding

South Island 03 440 2380 07 823 0647 Alexandra Amberley 03 313 0610 06 374 4630 09 439 3342 Ashburton 03 307 8700 06 323 0076 Balclutha 03 418 1381

Blenheim 03 578 3019 Cheviot 03 343 3999 Christchurch 03 341 4301 Cromwell 03 445 3735 Culverden 03 343 3999 Darfield 03 343 3999 Dunedin 03 470 0317 Fairlie 03 685 9092 Geraldine 03 687 7330 Gore 03 209 0300 Greymouth 03 768 1222 Invercargill 03 211 3130 Kaikoura 03 578 3019 03 343 3999 07 882 1485 Leeston 03 470 0317 07 349 5486 Mosgiel 03 543 8590 06 323 0076 Nelson 03 433 1340 07 377 8928 Oamaru Palmerston 03 470 0317 07 571 5795

Gisborne 06 838 8059 Hamilton 07 858 5338 Hastings 06 878 3156 Kaitaia 09 408 6130 Katikati 07 571 5795 Kerikeri 09 407 4832 Levin 06 367 0820 Marton 06 323 0076 Masterton 06 370 1866 Matamata 07 888 4572 Morrinsville 07 889 0171 Otorohanga 07 878 0265 Pukekohe 09 237 2014 Putaruru Rotorua Taihape Taupo Tauranga

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06 858 6073 Timaru 03 687 7330 03 687 7330 Wairoa 06 838 8059 Waimate 03 211 3130 Whakatane 07 349 5486 Winton Whangarei 09 470 2522 Wellsford 09 423 9712 Waipukurau

PGG Wrightson Real Estate sub-office

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Our company PGG Wrightson Real Estate Limited is one of New Zealand’s largest single full-service real estate companies and is well-placed to offer exceptional specialist service throughout the nation. With 34 offices and 26 sub offices covering every region of New Zealand, our 14 managers and over 170 sales specialists span the country ready to work together with you to exceed your best outcome. As an organisation, our mission is to help grow the country – helping farmers to become successful. Ultimately our ability to do this comes down to the products and services that we provide and, in particular, the capability and integrity of our people. While we are a big company, we value the importance of the local touch and encourage our people to bring fresh thinking to “go the extra mile” to help our clients succeed.

with one company and one team, not a group of franchised operators and offices. This means you get access to our national network, with salespeople covering the entire country, who really do work together to achieve the best possible outcome for you.

An outstanding brand The PGG Wrightson Real Estate brand stands out from all the others – signifying trust, integrity and remarkable results.

Specialist knowledge and world-class service Our experienced, specialist staff will go out of their way to ensure your property objectives are met, delivering the very best service for your entire real estate experience, whether your property choice is urban, lifestyle or rural.

A network that really works When you deal with us you are dealing

People focused Our clients and our staff mean everything

to us. This is our company’s hallmark and we are proud of it. Our clients are the core, the heart of our business, and the very reason for our success. Our staff are among the best and most accomplished in the real estate industry. Together, they have made us who we are today and we recognise their importance in every aspect of our business. Unbeatable track record We aim to be the best in what we do and we have been focused on achieving this since our business was founded almost 170 years ago. Added to this is a genuine desire to make the process of buying and selling property an exciting and seamless experience for everyone.

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Significant sales The following is a sneak peek into the past few months’ successful sales from our top regions nationwide. If you are after local knowledge, experience and the best outcome, contact our real estate specialists today to get your property listed and sold! Date Range: January - September 2019

SOLD

Te Arai, Greater Auckland 152.71ha

Te Teko, Bay of Plenty 52.765ha

Waipapa, Bay of Islands 10.05ha

Scott Tapp

Stan Robb

Rex Robb & Andrew Ludbrook

This 152 hectare dairy unit, with best production of 109,000kg MS, sold in April 2019 to a neighbour wanting to run adjacent dairy operations. The property has a four bedroom home and 29 ASHB shed and uses a low cost grass based system to achieve consistent production.

In June 2019, this 52 hectare kiwifruit orchard, growing 35.82 canopy hectares of G3 Sungold and 8.39 canopy hectares of Hayward green, sold to a local orchardist. The orchard has historic gate returns of over $200,000 per hectare for G3 along with two consented bores and a 260m² home.

This well set up G3 kiwifruit orchard, with 6.05 canopy hectares, is supplied by the Kerikeri Irrigation Scheme. The orchard produced 89,844 trays in 2018 and sold in March 2019, with the purchaser being a Waikato dairy farmer with an existing kiwifruit orchard in the Bay of Plenty.

SOLD

Mahoenui, Waikato 474.73ha

Te Akau, Waikato 504.47ha

Onewhero, Nth Waikato 617.66ha

Peter Wylie

John Sisley

Mark Needham & Adrian van Mil

‘Hauiti’ is a 474 hectare breeding and finishing farm with mostly gentle rolling contour. The property has a four bedroom home and good infrastructure and sold in January 2019 to a local farmer who will continue to finish stock on the land.

This 504 hectare finishing property has its own beach access plus two homes and good infrastructure. The farm was sold in July 2019 to a local family who will continue to use the land for finishing sheep and beef.

Sold in March 2019, this 617 hectare sheep and beef finishing unit, has two dwellings and is located only 15km from the Tuakau Sale Yards, allowing for easy stock movement. The property sold to a family wanting a farming operation all family members can be involved with.

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SOLD

Porangahau, Ctrl Hawke’s Bay 409.75ha

Lower Kaimai, Bay of Plenty 144.81ha

Awatere Valley, Marlborough 166ha

Doug Smith & Paul Harper

Keith Wilson

Greg Lyons & Joe Blakiston

This 409 hectare finishing property offers plenty of options with 138 hectares of flat land. The property sold in September 2019 to a well-established farming family in the district who will use the land to finish sheep and cattle from their other operations.

This 144 hectare grazing property, with good infrastructure, a four bedroom home and an additional ‘lodge’, is 25km to Tauranga and operates as a deer farm. The property was sold in June 2019 to a local farmer who will use the land for grazing beef.

This large-scale 166 hectare property, located in a proven grape growing area, was sold in April 2019. This rarely available property, predominantly of large flats, made for an attractive proposition and was purchased for viticulture development, planting 130 hectares of grapes.

SOLD

Cheviot, North Canterbury 400.6ha

Pass Stream, North Canterbury 299.976ha

Kurow, South Canterbury 1215.12ha

Sam Davidson

Peter Crean & Mark Clyne

Hunter Doig & Richard Scott

This 400 hectare grazing property was sold in February 2019 to be run in conjunction with an existing farming operation. This property offers flat grazing, a four bedroom home and has water resource consent for 250l/sec until 5 March 2038.

Sold at auction in May 2019, this welldeveloped 299 hectare farm was sold to a neighbour to extend their sheep and beef operations. The property has been farmed extensively for dairy support and offers excellent farm infrastructure including a magnificent homestead.

Sold in August 2019, ‘Tararua’ and ‘Cloverbank’ Stations, totalling 1215 hectare, provide 120 hectare of irrigation consents to be developed. Purchased to be run as a sheep and beef farm, the property is complemented by two homesteads and good infrastructure.

SOLD

Hilderthorpe, North Otago 177.72ha

Otago, Middlemarch 785.06ha

Balfour, Southland 219.52 ha

Dave Heffernan

Craig Bates & Roger Nicolson

Bill McDonald

This productive 177 hectare dairy farm, sold in June 2019, offers flat fertile land with quality soils and low cost irrigation water. Currently milking 580 cows set to produce 250,000kg MS in the 2019/20 season this property was sold to a local share milker.

This 785 hectare sheep and beef unit sold in May 2019 to a local family. Located in a healthy stock area the property has a renovated homestead and good infrastructure, with the land being approximately 240 hectares cultivated with the balance tussock hill country.

This 219 hectare dairy unit milks 500 MA cows a year using a 50 ASHB shed. With a five bedroom home and second three bedroom house, the property was sold in June 2019 to a local dairy farmer who will develop the operation for increased production.

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Regional Update Northland Northland’s winter rural property market was active, though sales were scarce as buyers and sellers awaited confirmation of finance before completing deals. Farmers are motivated to enter and leave property, so solutions will emerge in due course. Northland dairy farm transactions sit at the bottom of their cycle, and some of the region’s lower performing properties have sold for conversion to high input intensive beef, which could be a trend that continues into spring. However, motivation to move into dairying or expand within the sector remains, meaning that those inclined to leave will find purchasers, subject to the latter securing finance. Several Northland sheep and beef and grazing blocks will be listed for spring sale, and should attract interest from motivated buyers, though how easy it will be for them to finance purchases is presently unclear.

Waikato Waikato farmers enjoyed good winter conditions which provided abundant grass resulting in smooth progress through calving and lambing. Banking sector constraints subdued the region’s rural property market. Through the spring the following rural property trends are likely to prevail in the region, continuing what was evident during the winter: steady interest in larger drystock farms compared to little activity associated with dairy property. Meanwhile for smaller non-dairy farms the level of market attention will depend on land-use capability. As the season progresses and spring campaigns commence, the Waikato rural property market is likely to swing more heavily in favour of buyers than sellers. In an increasingly complex market, prospective buyers need to present a compelling case to obtain finance, while vendors must resolve issues such as deferred

maintenance, incomplete records and compliance if they are to achieve optimum results.

Bay of Plenty, Central Plateau and South Waikato In the Bay of Plenty’s winter rural property market there was a distinct difference between horticulture, where demand for kiwifruit orchards and bare land suited for development was heavy, and the dairy sector where activity was subdued. Among several winter transactions in the sector a substantial kiwifruit orchard with a mix of green and gold blocks sold in July in line with current benchmark values. Any flatter Bay of Plenty land, or blocks that can be contoured, located under 100 metres above sea level, will attract intense interest from growers and investors. Several Western Bay of Plenty dairy farms will come to the market in the spring and other listings elsewhere in the region are also likely. However, continuing uncertainty around government policy, Fonterra’s performance and lending criteria is likely to constrain the region’s spring market for dairy property.

Lower North Island Rural property market activity through Taranaki, Wanganui, Wairarapa, Manawatu and Horowhenua was slow during the past few months as is typical during the winter. Smaller blocks, however, have sold well as existing farmers and farming families seek to expand their operations or establish the next generation into farm ownership. For sheep and beef farms, in particular, demand in the lower North Island is evident. While several good listings in this category will be offered to the spring market, they will be well sought after, such that the

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demand will only be partially satisfied. As in other regions prospective purchasers are reporting that their bankers require high levels of certainty before providing finance to secure rural investment. This is unlikely to become any easier during the spring, in which case those requiring finance to secure a transaction may need to be innovative.

Hawke’s Bay Hawke’s Bay’s rural property market had a subdued winter with limited transactions. Activity focused on property coming onto the spring market. Record prices for lamb and strong, stable returns for beef mean Hawke’s Bay breeding and finishing farms will be well sought after in the coming months, and for those considering exiting, the cyclical market appears to be at the top of its current curve. Along with buoyant protein prices, demand for forestry, primarily to sequester carbon, is having a significant impact, with more than 8000 hectares of Wairoa farmland in the process of conversion and more likely. Meanwhile, with plenty of properties on the market and uncertainty in the sector, a readjustment in values may be indicated for dairy properties in the region. Fundamentals for Hawke’s Bay’s other key sectors, horticulture, viticulture and arable, remain strong.

Tasman Several Nelson and Marlborough sheep and beef farms will come to the market in spring, including some with excellent scale. In a profitable and optimistic period for red meat, they should be well received by buyers. An approximately 800 hectare South Marlborough hill country property will attract attention also offering potential to plant trees and sequester carbon. Other Marlborough sheep and beef properties with scale are listed for spring sale. Expansion of the hop industry is driving

a portion of the region’s rural property market. Tasman district land growing hops expanded by almost 120 per cent between 2013 and 2019 and is set to increase further as the international craft brewing market responds positively to the locally developed proprietorial hop varieties that can only be grown under license, and are most suited to that area.

Canterbury Although Canterbury’s rural property market had a typically quiet winter, the spring should be busy with both buyers and sellers preparing to act particularly in the sheep and beef sector. Several potential vendors were weighing their options during the winter making it likely that some of the region’s more desirable farms will be offered to the market in October or November. Kind climatic conditions put Canterbury in better condition than for many years. Along with strong commodity prices, this encouraged farmers to more actively seek to add to their holdings, generating plenty of potential buyer demand. Two notable sales, of 1415 hectare Waiau medium hill country property Mt Terako Station and Pass Stream a 300 hectare Waiau dryland finishing farm, were finalised in the winter at prices firm on recent values for the locality. Dairy sector uncertainty means property activity there is subdued.

West Coast Shareholders proceeding with the sale of Westland Milk Products to Chinese dairy company Inner Mongolia Yili Industrial Group dominated the West Coast’s rural property sector through the winter. Farms listed for sale since Yili took over Westland have attracted increased market attention compared to the uncertainty before the deal was confirmed. However, buyers are likely to take several more months to

become sufficiently comfortable with the new arrangement before committing to purchase rural property. Once the first milksolids payout has been made, more certainty will develop in the relationship between farmers and the new owners. As that occurs, farmers will become more used to being simply suppliers, rather than owning shares. In the meantime, the West Coast’s mild winter added further optimism in the region’s rural sector, accelerating grass growth and boding well for production through the 2019/20 milking season.

Mid and South Canterbury Mild weather and good commodity prices motivated plenty of activity in the region’s winter rural property market with many farmers deciding to put their retirement and succession plans into effect. Spring listings include several substantial high quality grazing and finishing properties, carrying between 5000 and 8000 stock units, along with some well-appointed arable farms and a limited selection of dairy farms. Prospective buyers for these properties are evident, though conscious of where the market is sitting, and unlikely to table extravagant offers. Before offering a farm for sale, vendors need to be mindful of factors including water consents, infrastructure, environmental compliance levels and which catchment zone the property is located in. Anyone who can first obtain pre-approval for finance will find operating in the Mid and South Canterbury rural market during spring easier than those without it.

proceeding as per normal for the time of year. Transactions were generally between local buyers and sellers with farmers typically consolidating or augmenting their businesses. Several appealing family farms across Otago have come to the spring market, between 4000 and 6000 stock units, including some fine wool and some irrigated properties. Some dairy and grazing properties are also set to list for sale. Purchaser interest in these is likely to be positive, with the mild winter, adequate rainfall and good cashflow all encouraging for the region’s farmers. Interest in forestry is helping underpin the lower end of the market and Central Otago horticulture and viticulture properties continue to meet strong demand when offered for sale.

Southland REINZ statistics show values for Southland farm sales have been stable for the past two years. Dairy properties averaged $30,000 per hectare through that period while sheep and beef farms consistently remained in the $14,000 to $15,000 per hectare range. Early indications suggest several Southland dairy farms between 140 and 200 hectares will come to the spring market. Barnhill at Castlerock, a 1025 hectare Lumsden breeding and finishing unit, will attract serious buyer interest as listings of larger sheep and beef farms may be tight due to owners seeking to make the most of favourable export returns. Several sheep and beef farms previously offered for sale have tended to sell for dairy grazing, though that trend appears to have eased. Any farm offered for spring sale in the $1000 to $1200 per stock unit range is likely to be well received.

Otago Otago’s rural property market during the winter met expectations with regular enquiry for property on offer and sales

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A closer look

Sheep and beef Favourable climatic conditions through the past few months mean sheep and beef farmers in most regions are approaching the spring in an optimistic frame of mind. Several benchmark sales of sheep and beef properties took place during the winter including a 470 hectare King Country farm which sold in July for $4.8 million for conversion to forestry; a 504 hectare North Waikato farm, which sold in August for $4.5 million; and a 354 hectare Kawhia dry stock harbour front farm which sold in June for $4.45 million. Farm prices appear to be strengthening and new listings of sheep and beef properties are gaining ready attention from the market, based on continuing high commodity prices at the upper end, and supported by changes to the New Zealand Emissions Trading Scheme and government policy on carbon credits at the lower end.

North Island dairy North Island dairy farms have sold at minimal volumes in recent months, even by normal winter standards. Farmingâ&#x20AC;&#x2122;s

low ranking in public perception, compliance challenges and cash flow issues all had a negative impact on confidence. Securing finance to purchase rural property is a substantial challenge. Prices are under pressure and are unlikely to increase while current conditions prevail. However, more dairy properties came onto the market through the winter ahead of the traditional spring selling season and earlier than would usually be the case. Prospective vendors of these farms apparently believe a run of properties will be listed for sale as the spring progresses and see the advantage of staying ahead of the market. Whether or not their theory is correct, an increase in dairy property market activity is likely to take place later in the season.

South Island dairy Over the past two years REINZ statistics show Southland dairy farms sold on average at $30,000 per hectare, a consistent value through that period, albeit the volume of dairy properties transacted is lower now than 2017/18. Meanwhile, owners of the best Canterbury dairy farms expect to sell around the $52,000 per hectare mark,

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though recent transactions have been rare. A good supply of Southland dairy properties, ranging from 140 to 200 hectares, will come to the spring market. Canterbury vendors are also likely to list property. Those who can demonstrate the environmental compliance of their farms, now and in the future, will be better positioned to find willing buyers in what is shaping as a challenging market. Potential buyers in Southland are more abundant, mainly farmers with existing operations in the region who are looking to expand their holdings.

Viticulture During a typical winter limited transactions of existing vineyards and development blocks proceeded, though potential purchasers are preparing to increase activity, subject to securing financial support. Generally the interest is from wine companies and existing private growers seeking to purchase strategically. With Marlborough land suitable for viticulture development almost fully utilised, two rural properties listed for spring sale, one of 131 hectares in the Wairau Valley and one of 228 hectares in the Awatere Valley, will both command attention from the market.

Both have water for irrigation, including a substantial dam on the latter, and both have contours suited to vines at a scale that will attract corporates. In general the sellers’ market for viticulture property is likely to prevail through the spring with some smaller production blocks selling during the winter, while others are likely to sell later in the season.

Kiwifruit One of the country’s largest and best kiwifruit orchards sold in June for a value equating to $1.25 million per canopy hectare for the gold kiwifruit portion and $600,000 per canopy hectare for that producing green. Although this is a record, with the property recording annual orchard gate returns of $250,000 and $100,000 per hectare for gold and green respectively, the price is grounded in business reality. Several larger than average orchards will list for spring sale, once the vines are pruned and tied down. After Zespri granted 700 hectares of gold kiwifruit licences at $290,000 per hectare, an offer oversubscribed by almost 150 per cent, growers are speculating on the licence price increasing substantially next year. Meanwhile, the sector eagerly awaits news on licences to grow the new red kiwifruit variety, after trials indicate a positive reception in export markets.

growing apples range from $100,000 to $150,000 per hectare.

Cropping With this year’s contracts for feed barley and grass seed generally better than ever, confidence among arable farmers is high, though some are focusing on improving their equity position, which will temper demand to purchase property. Transactions through the winter indicate that at the lower end of the arable sector values sit between $42,000 and $43,000 per hectare, rising to $45,000 to $46,000 per hectare for better appointed properties. A small number of Mid Canterbury’s premium arable farms will be offered for sale this spring. As usual purchasers of these will most likely be existing farmers in the district. Compared to last year vendors have reduced pricing expectations by between eight and 12 per cent. However, this is influenced by the factors creating uncertainty in the dairy sector as much as by what is happening for cropping farmers.

Forestry Although reduced demand through China’s wet season has resulted in export prices for timber softening by $25 to $30 per tonne in recent months, the drop in the New Zealand dollar and the continuing strong domestic market has compensated, meaning the sector remains upbeat. Speculation focused on changes to the New Zealand Emissions Trading Scheme, which is making trade in carbon credits more lucrative, is another boost. Current pricing expectations for land sit between $25,000 and $30,000 per hectare for mature forests, up to $40,000 per hectare for premium quality forestry and between $5,000 and $7,000 per hectare for bareland blocks. With trees planted between 1990 and 1994 now almost ready for harvest forests from that era are well sought after particularly with the carbon credit aspect. At least one significant forest property is likely to list for sale in the spring.

Pipfruit and Stonefruit With exports of New Zealand apples going from strength to strength, demand for land to plant new orchards in Hawke’s Bay is keen. Expansion and continued sales growth resulted in one leading grower moving to a new, larger packhouse during the winter while elsewhere the market demand is evident from the many orchardists replacing old apple trees with the new licensed varietals that are helping to establish such a strong position for New Zealand produce in export markets. Through the winter this demand has placed pressure on tree stock which is posing problems for the developers. Sizeable holdings are coming out of process cropping into a range of apple varieties, though demand for new orchard land remains unmet. When it does become available prices for Hawke’s Bay bare land suitable for

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North Island Pleasant winter weather accompanied by positive fundamentals for most key sectors amounts to good news for the spring rural property market. Record prices for lamb, strong stable returns for beef and continuing flourishing export markets for New Zealandâ&#x20AC;&#x2122;s key horticulture crops is fuelling steady demand from motivated purchasers set on benefiting from the favourable conditions. Several benchmark sales of North Island sheep and beef properties took place during the winter, and farm prices appear to be strengthening, with new listings in the sector gaining plenty of attention. Kiwifruit property continues to push record values. One of the countryâ&#x20AC;&#x2122;s largest and best orchards sold in the winter for a value equating to $1.25 million per canopy hectare for the gold kiwifruit portion, and $600,000 per canopy hectare for that producing green. On the other side of the ledger, minimal volumes of dairy farms sold through the winter and prices are under pressure. Those able to show their financiers a return on investment should find greater traction in the spring market.

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WAIMATE NORTH, NORTHLAND 367 Te Ahu Ahu Road Winter Milk Unit With Big Potential • 170 hectares (subject to survey) • Two modern three bedroom plus ensuite homes • 50 ASHB cow shed with Protrak and Icebank refrigeration unit • Great contour and free draining soil types, north lying • Electrically pumped discharge to 40 hectares of land effluent system • Secure spring fed water system and 70 paddocks • Split herd calving with all cows wintered on platform

For Sale www.pggwre.co.nz/KER30989

Andrew Ludbrook B 09 407 4833 M 027 254 4784 E aludbrook@pggwrightson.co.nz

Helping grow the country 11

TAIPUHA, NORTHLAND 69 Cassidy Road

Price by Negotiation

Good Value Dairy Farm - Make Us an Offer!!!

Plus GST (if any)

We have instruction to sell this property, with the vendors having had the farm for 13 years. Consisting of 260 hectares, the farm is well set up with very good races and there is a good mix of easy rolling contour. The farm has a 26 cup HB cowshed that is currently milking 360 cows, with production between 110,000 and 115,000kg MS achieved under a low-cost system. Supplements of maize, turnips and grass silage are grown on farm with some PKE used sparingly if required. The main home is large with four bedrooms and there is a second three-bedroom home. The farm has all compliance documentation available for prospective purchasers. Dennis Wallace M 022 312 7704 E dennis.wallace@pggwrightson.co.nz

Mel Currin M 021 134 6472 E mel.currin@pggwrightson.co.nz

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www.pggwre.co.nz/WHG31156

RUAWAI, NORTHLAND Deadline Sale

Rare Opportunity on the Ruawai Flats 1124 hectares over four properties and 35 titles. Two of the dairy farms and the cropping blocks are flat, Cartwright Road dairy farm, the support block and the beef unit are easy rolling. Average of 689,000kg MS over the last three years. Individual farm kg totals are available. Milking 1690 cows across the three farms. 60 bail rotary, 40 ASHB, 18 ASHB. 10 houses across the farms. The location is desirable and is an established dairy farming area. These farms carry options around utilisation of the flat land for future management. A unique opportunity to purchase either the entire holding or the properties individually. Ron Grbin M 027 471 6388 E rgrbin@pggwrightson.co.nz

Dennis Wallace M 022 312 7704 E dennis.wallace@pggwrightson.co.nz

Plus GST (if any) (Unless Sold Prior) Closes 2.00pm, Wednesday 20 November

www.pggwre.co.nz/DAG30862

Mel Currin M 021 134 6472 E mel.currin@pggwrightson.co.nz

Helping grow the country 13

Premium opportunity

Ruawai

pggwre.co.nz/DAG30862 | Ron Grbin - 027 471 6388

Large Northland rural portfolio offers outstanding long term opportunity

A large rural property portfolio around Ruawai, 30 kilometres south of Dargaville, is for sale comprising a significant portion of some of Northland’s premium dairy production land. Over the past five years Bryan Beeston and family have been involved in developing the holding, which now covers 1124 hectares across three dairy farms and a run off property, with a 300 cow lease dairy farm that is also for sale. He says they represent a long term opportunity for a far-sighted investor. “These farms produced a three year average of 689,000 kilograms from around 2000 cows on 780 hectares of effective dairy land. They are in good shape to continue at or exceeding that level. We have developed the business focusing on the most sustainable

14 New Zealand's leading rural real estate company

return from people, cows and land. “While a new owner will be able to take on the business and run it as we have, for someone with an innovative approach and sufficient resource, it poses as a unique opportunity to develop in a new direction. “Ruawai has around 8300 hectares of alluvial soils developed into fertile dairy and cattle country more than 100 years ago, situated in useful proximity to Auckland. With further drainage and irrigation development, which is straightforward as the hill country is suitable for water storage to support the flats, this land stands ready to take over the mantle from Pukekohe as New Zealand’s next market garden district. Our farming operation represents more than ten per cent of Ruawai’s prime, flat, fertile land,” he says.

they have been expertly developed by the current owners. “Anyone looking to farm in the north would struggle to find a better value dairying proposition than Ruawai. Low costs, high natural fertility, flat paddocks, easy walks and excellent infrastructure make these farms an appealing proposition exactly as they are. This portfolio is available for purchase as just land, land and stock, or a total walk-in walk-out deal. Pukekohe’s traditional role as the nation’s vegetable garden has transitioned in the past few years, just as East Tamaki did 60 years earlier. Increased pressure from the growth of Auckland has made subdivision for residential use the rational option for owners of established market garden land in that district. Growers and investors have gone looking for other opportunities elsewhere, particularly seeking larger scale than the market garden heritage blocks of six to eight hectares. Modern vegetable production, relying on larger machinery and greater economies of scale, has reduced the viability of these smaller blocks. Bryan sees that as the long term opportunity for Ruawai, with a new owner staging the evolution out of dairy production. “This is excellent land, with 1.2 metres of rainfall per annum. Its scale offers ideal scope for something different to what has been done in the past. After World War 1 it was subdivided into lots for returned soldiers,

who farmed up to 20 cows each. Gradually the blocks were consolidated and the farms became bigger, though the land has continued to sustain around 2.7 cows per hectare. With a new skill set, this land could be used for different crops. Locals grow kumara and maize grain and other crops could be grown in this alluvial soil. “Along with the rest of the Ruawai flats, this land is likely to evolve into horticultural production within the foreseeable future. With the scale that our farms present, a seamless farm gate to plate business would be possible for the right investor, so long as they have capital, access to end markets and relevant expertise,” he says. Ruawai is 146 kilometres from the Auckland CBD. Bryan says the proposed Warkworth to Wellsford motorway will considerably cut the approximately two hour drive time. Ron Grbin of PGG Wrightson Real Estate, Dargaville is marketing the farms. He says

We have developed the business focusing on the most sustainable return from people, cows and land.

“As a dairying business, considerable work has been carried out in the last five years under Bryan Beeston’s tenure. Now set up and ready to go with little further improvement required, the properties have been well farmed and much of the benefit of this development is waiting to be realised by an incoming owner. Ruawai flats and the surrounding area are well recognised as Northland’s premium dairy production land. This is an exceptional opportunity to purchase a large portion of it,” he says. In its present form, the portfolio consists of three milking platforms of 321, 285 and 242 hectares, plus a 128 hectare run off block and 150 hectares of cropping land currently in maize. Water for all farms is supplied from dams sitting within the portfolio. “With its fertile soil, converting this land into more intensive and more profitable use is a realistic prospect for a sufficiently resourced new owner,” says Ron. The Beeston family also owns several dairy farms in Mid Canterbury. Combined with the Ruawai properties, these produce over 2,500,000 kilograms of milk solids per year. Their decision to sell the Northland portfolio is motivated by the desire to consolidate the family’s farming activities. This property is for sale by deadline private treaty with offers closing on 20 November.

Helping grow the country 15

SPRINGFIELD, NORTH AUCKLAND 271 Whittle Road Large Scale Grazing, Impressive Views This historic family farm has it all: 318 hectares in 11 titles with predominantly easy to rolling contour. The main home is five bedrooms with a second three bedroom cottage. Very good fencing and central road access. The fertiliser history is excellent and the water system reliable. Located less than 20km from the heart of Whangarei and only 4km from State Highway one. This ideally located large scale grazing/finishing block has impressive coastal, rural and harbour outlooks. Currently finishing all animals on farm and family farmed for more than 115 years; this spectacular property is genuinely marketed. Scott Tapp B 09 423 9717 M 021 418 161 E teamscott.tapp@pggwrightson.co.nz

16 New Zealand's leading rural real estate company

Price by Negotiation Plus GST (if any)

www.pggwre.co.nz/WEL28580

MANGAKURA, NORTH AUCKLAND 3691 Kaipara Coast Highway Highly Profitable Dairy Unit with Location and Scale Everything about this impressive unit demonstrates professionalism and productivity. Consisting of 319 hectares of flat to easy contour in four titles with a huge harbour aspect and private airstrip and jetty. Infrastructure includes a 50 bail rotary cowshed with auto cup removers and auto teat spray, an adjoining 600 plus feed pad, flood washed and part rubber matted. There is a limestone quarry, excellent raceways and water supply. There are two tidy homes plus a one bedroom self-contained unit. With a best production of 240,000kg MS and three year average of 230,000kg MS, this farm is a seriously good investment!

Price by Negotiation Plus GST (if any)

www.pggwre.co.nz/WEL30963

Scott Tapp B 09 423 9717 M 021 418 161 E teamscott.tapp@pggwrightson.co.nz

Helping grow the country 17

HUNUA, AUCKLAND 76 Batkin Road Diamond in the Rough The property has been held by the one family for 99 years and has become too much to manage. So, the time has come to sell. Comprises of 83.88 hectares. The contour is flat to rolling. All infrastructure is in need of repair. Bring your imagination and DIY skills to bring this place back to the gem it once was. Options to purchase are: OPTION ONE - 43 hectares in two titles, four-bedroom home, multiple implement sheds OPTION TWO - 40 hectares on one title, three-bedroom, weatherboard house OR buy both! Adrian van Mil B 09 237 2041 M 027 473 3632 E avanmil@pggwrightson.co.nz

18 New Zealand's leading rural real estate company

Tender Plus GST (if any) (Unless Sold Prior) Closes 4.00pm, Thursday 24 October

www.pggwre.co.nz/PUK30977

RAMARAMA, AUCKLAND 120 Kern Road Premium Portfolio Property, Add This to Your Stable This quality property situated in one of south Auckland's high-end lifestyle locations. The development around this area is setting the new generation of Auckland lifestyle living. The vendors use the farm as part of their standard breed horse business. They have invested into the farm infrastructure from the standard of fencing, horse and cattle yards, central raceway system, shedding, irrigation and stock water systems to most paddocks. Subdivision consent has been granted. Waiting on titles. Can be sold either as a whole or individual lots. LOT 1: 0.6213 hectares, LOT 2: 6.1610 hectares and LOT 3: 24.0919 hectares

For Sale www.pggwre.co.nz/PUK30816

Mark Needham B 09 237 0644 M 027 704 6833 E mneedham@pggwrightson.co.nz

Helping grow the country 19

Waitaha Orchard purchase marks reunion of iwi with traditional land

20 New Zealand's leading rural real estate company

David McLaren - 027 223 3366

Kiwifruit orchards seldom change hands during the winter. However, in July one such transaction took place, finalising the sale of a property first offered to the market in February. This was an 18 hectare orchard five kilometres north west of Te Puke, with a mix of green and gold blocks that sold in line with current benchmark values. What was most remarkable about this sale was that, after 156 years, it reunited the land with its traditional owners, Te Kapu o Waitaha, the iwi whose land originally stretched from Tauranga to Te Puke. Vivienne Robinson, General Manager of Te Kapu o Waitaha, says the purchase is a big milestone for the iwi, which had 117,000 hectares confiscated by the Crown in the 1860s following the New Zealand Wars. “We were delighted to be able to take the opportunity for the iwi to gain back what was historically part of our tribal estate. This was a small part of what was taken from us. To be able to successfully compete for the land, and buy it back out of private ownership, has huge significance for Waitaha. “This orchard sits in the shadow of one of the country’s largest heritage pā, sites, Papamoa

We were delighted to be able to take the opportunity for the iwi to gain back what was historically part of our tribal estate Hills Regional Park, where around 7000 people, primarily Waitaha iwi, once lived within nine separate pā. “While buying the property was commercially driven, the historical values of the land were even more important, and the decision of the Waitaha Group Holdings Ltd Partnership to purchase the orchard will help us achieve both commercial and cultural outcomes,” she says. Iwi history documents that in the 19th century Waitaha occupied the land between Tauranga Harbour and the Waiari River, including the area inland up to the Kaimai Ranges, a link that the iwi traces back to the

arrival of the Te Arawa waka, which brought Waitaha ancestor Hei to Aoteaoroa. While some iwi members fought alongside the crown during the New Zealand Wars, and others remained neutral, one Waitaha leader, Hakaraia Mahika, was aligned with the Kīngitanga and fought against the British at Gate Pā, in April 1864, when the Crown suffered one of its most humiliating defeats. As retribution, the Crown subsequently confiscated almost all of Waitaha’s tribal estate, pushing the iwi to the brink of extinction. By the early 1900s the iwi was left with insufficient land and resources to sustain its people. A Treaty of Waitangi settlement in 2011 provided some redress and this year’s purchase of the orchard is another positive step for Waitaha, as Vivienne explains. “It has always been an iwi aspiration to purchase back some of our land. Although we have other land from the settlement, this investment brings us closer to home. “Health and wellbeing is central to that and sustenance. Land gives sustenance to people. “Alongside the orchard is the course of a stream, Te Kopuroa, which was once a pristine

Helping grow the country 21

and an economic response to the past. “In addition to the tangible asset, purchase of the orchard also gives impetus to our ability to promote the ancient history of the land for future generations. We can now stand on it and talk about the history. We couldn’t do that before,” she says. Dave McLaren of PGG Wrightson Real Estate, Te Puke listed the orchard for sale in February, little realising what its sale would mean. Vivienne says Waitaha was also initially unaware of how events would transpire.

river that ran through the land providing a source of food for the iwi. With the orchard, we are now taking a commercial approach, driven by cultural values, where the fruit is taonga just as much as the land is. That puts a deeper meaning to service suppliers that step into that orchard: ‘You are managing a taonga on behalf of our people, please take care of it,’ she says. Although Waitaha will keep the orchard producing kiwifruit, Vivienne says future social benefits go beyond providing employment

“One of our board members saw the sale sign at the road front and came back ecstatic. We knew right away what buying the orchard would mean. We contacted Dave, though realised when he sent the tender documentation through there was little chance that we could complete the necessary due diligence before the tender closing date. For an iwi based organisation like ours, the process takes much longer. “Dave offered to speak with the vendor to see if it was possible to extend the tender process by an extra two weeks, which enabled us to do due diligence and consult with iwi members. That gave us the proper approval

22 New Zealand's leading rural real estate company

to submit a tender, though we weren’t able to disclose any information to our members until the transaction had gone unconditional. “Our board is sincerely grateful for the opportunity created by PGG Wrightson Real Estate and Dave to participate in the tender process. Through his skilful negotiation with the vendor, the tender closing date was extended by two weeks. We realise as an iwi that this is highly unusual. Through Dave’s understanding of our iwi view, knowing our strong cultural interest, and his commitment to achieve the best outcome, the extended closing afforded Waitaha the chance to participate in the tender process, which eventually resulted in the successful purchase,” she says. Those efforts were recognised at a blessing of the orchard, once the sale was complete, in July. Te Kapu o Waitaha has a register of nearly 3000 beneficiaries. Its other investments include development land, commercial lease properties and several Te Puke schools, which are leased to the Ministry of Education. Purchasing the orchard is Waitaha’s first step into ownership of primary production land.

NGAHINAPOURI, WAIKATO 147 Jury Road Privacy, Potential and Position 99 hectares, approximately, in two titles currently milking around 260 cows through a sound 32 aside dairy with newly installed effluent system. Contour is 85% flat with the balance easy rolling and with around 4.6 hectares of designated kahikateas. The 1960s four bedroom brick home is nicely located on an elevated site offering great rural views, but is in need of some TLC. Located down a no-exit road just 13km from the Hamilton CBD this property provides an excellent opportunity to own a good sized one man dairy unit within a few minutes of the city.

Price on Application Plus GST (if any)

www.pggwre.co.nz/HAM30515

John Sisley M 027 475 9808 E jsisley@pggwrightson.co.nz

Helping grow the country 23

RAGLAN, WAIKATO 119 Waimaori Road Consistently Strong Production Located in Te Mata near Raglan, this very well presented 120 hectares dairy farm milking 320 cows is a must to view if you are looking for a farm that is consistently performing. With a five year average of 115,000kg MS (best 124,000kg MS) in an above average rainfall area. Excellent modern improvements include three homes, 32 ASHB farm dairy with meal feeding system, plenty of useful sheds including three bay shed, two hay barns/calf sheds, four bay implement shed plus a workshop with lean-to. A very attractive farm with easy rolling contour and excellent fertiliser history. This is a property you can step into with confidence. Richard Thomson M 027 294 8625 E richard.thomson@pggwrightson.co.nz

24 New Zealand's leading rural real estate company

Price by Negotiation Plus GST (if any)

www.pggwre.co.nz/HAM30823

RAGLAN, WAIKATO 261 Te Papatapu Road Explore The Options! $1.8m-$2.45m • $2.45M including all stock on farm at time of viewing ($200-$250K) MA beef cattle • $2M with one 8,000m² section retained by the vendor • $1.8M with two 8,000m² sections retained by the vendor and the approximately four hectares native bush protected in QEII covenant • Variations of the options set out above could also be explored The sections have incredible ocean and mountain views (Karioi) and have a market value of $350-$400K each. Option to purchase the farm minus the sections would be subject to survey at vendor's expense.

$2.45M Plus GST (if any)

www.pggwre.co.nz/HAM27988

Richard Thomson M 027 294 8625 E richard.thomson@pggwrightson.co.nz

Helping grow the country 25

Waikato dairy

heartland

pggwre.co.nz/MAT30978 | Peter Donnelly - 021 449 559 Trevor Kenny - 021 791 643

Property in Waikato’s dairying heartland for sale after 110 years

A 127 hectare Matamata farm, held in the same family for 110 years, is for sale. Peter Donnelly and Trevor Kenny, of PGG Wrightson Real Estate, Matamata, are marketing the property, on behalf of Paul and Shirlie Ryan. Paul took over the farm from his father Garry and his uncle Tom in 1978, 68 years after his great grandmother Annie Ryan first purchased the Waharoa property, four kilometres north of Matamata. “Annie was originally from the West Coast. She had been a successful hotelier in Wellington, though was widowed and bought four farms in this district, one for each of her sons. This was the one she gave to my grandfather, William Patrick Ryan, known as Bill. He was in his 20s when he started farming. He and

26 New Zealand's leading rural real estate company

his brothers broke their farms in together, by hand and with horses. This land had been part of the Firth estate, which was subdivided for sale before Annie purchased the land. Ti trees covered the whole area. They did a thorough job cutting them down. I’ve been on the farm for 67 years and can’t recall ever seeing a mature ti tree here, though occasionally when I have dug holes I have come across old stumps,” Paul says. Once they had tamed the land, the Ryan brothers became dairy farmers, taking their milk in cans by horse and cart to the factory at Waharoa, that in those days produced cheese and butter. Only a few hundred metres from the farm, the site is now occupied by a large Open Country processing facility.

Garry and Tom took over the farm in the early 60s, though after a few years they had had enough of milking cows and ran it as a drystock property until Paul was ready to take it on, as he explains. “I went to learn a trade when I left school. With my brothers, sisters and cousins there were 20 of us in the same generation who were the children of either Dad or Uncle Tom. Out of all of us, I was the only one that went farming. My chance to do that came early. I was only 25 when the two of them decided they wanted to retire. With nobody else in the family keen to do it, that gave me the opportunity to jump in and buy the farm and I went for it,” he says. Paul quickly brought the property back into dairy, replacing the cowshed, pulling out all the internal hedges and building new raceways throughout. “Dad and I subdivided it all with a 50 foot tape measure and wooden pegs. We didn’t have GPS back then, though the boundaries were all square, so we were able to subdivide into 29 paddocks, all of 2.74 acres each. “At that time, Rob Muldoon was kind to me. Not long after I took on the farm, his government brought in a scheme to increase stocking rates. We were moving from beef to dairy so were ideally qualified for that. It enabled me to stock up more than I

Once they had tamed the land, the Ryan brothers became dairy farmers, taking their milk in cans by horse and cart to the factory at Waharoa

could have done otherwise. We had the opportunity to take out government loans to increase stocking. If your stocking rate was maintained for a certain period, the loan was written off. We had already borrowed money for the stock so finished up using Muldoon’s loan for fencing and to upgrade the races through the farm. We were able to increase productivity, so everybody was a winner,” he says.

feed pad and went from between 120,000 and 150,000 kilograms of milk solids to producing 271,000 kilograms last year. Waikato University had a testing station on the farm which measured inputs and production and they calculated that we are producing 22 tons of dry matter per hectare per annum. “Our volcanic ash over silt loam soils are important for that, providing good drainage capabilities, though also enabling moisture retention, allowing efficient utilisation of nutrients to make the grass grow,” says Paul. Peter Donnelly says, although the farm has been in dairy for the majority of its history, it also offers other options.

Productivity growth since then has been based on improved genetics and tightening up some farming practices.

“Its excellent location in the heart of arguably the world’s leading dairy region and expert husbandry through multiple generations in the Ryan family make this a trophy property. A new owner could continue utilising it as a high producing dairy unit, though its flat nature and strong fertility are also suited to cropping, which has become a more prominent land use in the vicinity in recent years. This district also has a proud history as home to many thoroughbred champions and the Ryan’s farm presents equally well for conversion to an equine facility,” he says.

“We were growing 12 to 14 tons per annum of dry matter. We put in two bunkers and a

The farm is for sale by deadline private treaty with offers to be lodged by 14 November.

MATAMATA, WAIKATO 468 Waharoa Road, East Deadline Private Treaty

In a Different League - 126 Hectares Whether you want a high producing dairy farm, fertile land for cropping or an equine facility this trophy property is something special for the astute purchaser looking for a first class farming investment. Proudly presented to the market in immaculate condition, this well located property has been farmed by the same family for 110 years. This dairy unit comes with a proven history of consistent milk production with a three-year average of 253,509kg MS from approx 530 cows. A feature of this property is a tree lined sealed entrance way leading to an executive homestead, surrounded by specimen trees and picturesque manicured grounds. Peter Donnelly M 021 449 559 E pdonnelly@pggwrightson.co.nz

Trevor Kenny M 021 791 643 E trevor.kenny@pggwrightson.co.nz

28 New Zealand's leading rural real estate company

(Unless Sold Prior) Closes 4.00pm, Thursday 14 November

www.pggwre.co.nz/MAT30978

MATAMATA, WAIKATO 965 Tauranga Road Outstanding Dry Stock Without doubt one of the finest dry stock/fattening properties in the Waikato comes to the market. Immaculately presented, this 101.32 hectare block (approximately) sits on the foothills of the Kaimai Ranges just 12km from Matamata and 40km to Tauranga. Comprising 100 paddocks and raced with flat to gentle rolling contour. The water supply is via a stream from the Kaimais and gravity fed to the farm, with a back-up bore with new pump in place if ever required. Infrastructure is impressive featuring stateof-the-art cattle yards (500 head) plus draughting system, computer read out scales, crush and vet bail.

Auction Plus GST (if any) (Unless Sold Prior) On Site 11.00am, Wednesday 30 October

www.pggwre.co.nz/MAT30741

Trevor Kenny M 021 791 643 E trevor.kenny@pggwrightson.co.nz

Helping grow the country 29

CAMBRIDGE, WAIKATO 156 Redoubt Road 26.5 Hectares Cambridge Market Leader • Stud deer farm 4km approximately from Cambridge • Large four year old homestead - seven bedrooms and office • Impeccable farm buildings, races, fencing and plantings • 26 double fenced paddocks leads to bespoke deer complex • Two titles allow future options or purchase land only • Purchase as a going concern including livestock or land and buildings only • Privacy, quality, location and options summarise this property Martin Lee M 027 497 0830 E martin.lee@pggwrightson.co.nz

30 New Zealand's leading rural real estate company

$4.65M Plus GST (if any) Land and Buildings

www.pggwre.co.nz/CAM31110

TIRAU, WAIKATO 1420 State Highway 5 Private Hunting Estate Gaining worldwide accolades from trophy hunters as one of New Zealand's leading outfitters this 169 hectare freehold hunting park is surrounded by 80,000 hectares of wilderness. With bespoke luxurious eco-friendly off grid hunting lodge function and wedding venue and additional three bedroom dwelling. This very profitable business is offered for sale walk-in walk-out as a going concern complete with forward bookings. Individually tailored hunts throughout New Zealand as per clients wishes. Located midway between Cambridge and Rotorua.

$5.75M Plus GST (if any)

www.pggwre.co.nz/CAM31087

Martin Lee M 027 497 0830 E martin.lee@pggwrightson.co.nz

Helping grow the country 31

TE AWAMUTU, WAIKATO Hinewai/Cruickshank Roads Picturesque and Productive • 177 hectares good mix of contour - excellent infrastructure • High production per cow and per hectare • Five homes all compliant with current requirements - multiple titles • Very good 36 ASHB with adjacent feed pad and Millfos SCR technology • Additional 24 ASHB with Laval plant - direct supply to nearby calf rearing complex • Excellent racing and water (three bores) with 100 hectares effluent irrigated • Approximately 9 hectares of good quality lease land John Sisley M 027 475 9808 E jsisley@pggwrightson.co.nz

32 New Zealand's leading rural real estate company

$7.5M Plus GST (if any)

www.pggwre.co.nz/HAM29086

THORNTON, WHAKATANE DISTRICT 24 Smith Road Pumping Grass All Season • Available for sale - 95 hectares in three titles • Average production - 92,601kg MS from 85 hectare milking platform • 30 ASHB, two hay barns, three bedroom manager's home • A simple farming operation, with low cost management • Great natural soil and water attributes, allow all year grass growth • The long term lease is up, our vendor wants this sold

Tender Plus GST (if any) (Unless Sold By Private Treaty) Closes 4.00pm, Thursday 14 November

www.pggwre.co.nz/WHK31043

Phil Goldsmith B 07 307 1620 M 027 494 1844 E pgoldsmith@pggwrightson.co.nz

Helping grow the country 33

Thornton State of the art Whakatane dairy farm for sale after 80 years of family stewardship

34 New Zealand's leading rural real estate company

pggwre.co.nz/WHK31158 | Phil Goldsmith- 027 494 1844

In 1938 Edward Law leased 61 hectares at Thornton, five kilometres west of Whakatane, to run sheep. Twelve years later his grandson Jim took over the farm, by then owned by the family, when he married local girl Kathleen Adams. They built the house that they lived in their entire married life, as well as putting up a milking shed on the farm, where they milked 44 heifers in their first season. Jim and Kathleen’s first son, Murray, was born the following year. As he explains, his parents’ style of farming was influenced by the times. “They grew up in the depression and the war. If you didn’t have money in your pocket to spend then you had to make do without. For their generation debt was to be avoided. “Fortunately my father’s practical abilities

enabled him to thrive. Although he says he never did well at school, leaving at an early age, he could always understand how things work and apply that knowledge which was the basis of his farming career. “For anything new on the farm he always did it himself, the hard way. When he wanted something made from steel, he bought a welder and taught himself to weld. He only ever worked for himself and before that for his father. He never worked a paid day for anyone else,” says Murray. Jim’s philosophy and practical ability paid off. Over time, parts of three neighbouring farms and two sandhill runoffs were added to the original milking platform, bringing the farm to its present 203 hectares, while also transitioning it from owner-operator to 29 per cent share milking, then to 50:50 share milking. Having previously worked as a relief teacher and in the Rangitaiki Plains Dairy Company office, her marriage at 19 meant a switch for Kathleen to the life of a dairy famer’s wife, with motherhood soon after. Theirs was a well spread out family, so she was cutting school lunches for her boys for over 20 years.

Seven years ago Mum and Dad decided that the family should take an active management role in the farm, making a five year plan to create something the two of them could feel proud of as their legacy

Jim’s father’s farm, where he was born, is eight kilometres away, while Kathleen’s parents’ farm was also eight kilometres distant, meaning their two lives were lived entirely in the small Thornton community. Understandably, community service was a strong motivator for the couple. Jim belonged to Lions for 60 years, with an almost

Helping grow the country 35

100 per cent attendance record. Kathleen was on the PTA and Country Women’s Institute, also hosting foreign visitors through the American Field Service and Willing Workers on Organic Farms. In contrast to these strong local roots, foreign travel inspired Kathleen to build an American style red barn, as seen dotted across the Pennsylvania landscape. Jim’s practical skills meant the Law’s Red Barn become a State Highway landmark. Originally built to pack and sell fruit from their orchard, it evolved into a craft emporium featuring products from the flock of black and coloured sheep that Kathleen ran, winning the couple several local business and tourism awards. Kathleen’s other interests extended into genealogy, organic gardening, natural medicine, meditation, numerology and reiki. She died in September 2018. In 2013, Murray, his three brothers and their parents sat down together to make some important decisions. “My parents never went to university. My brothers and I all did, before all going our separate ways, which didn’t include farming. Seven years ago Mum and Dad decided that the family should take an active management role in the farm, making a five year plan to create something the two of them could feel proud of as their legacy. That required investment and finance from elsewhere, which was of course different to how they had always operated.

unnecessary water use was a major focus. We laid everything out to keep the cows calm and therefore reduce effluent during milking; we introduced scrapers and a muck spreader in common use on dairy farms in Europe and the United Kingdom; and we designed for gravity to ensure water used to hose down runs downhill, all of which reduced our water use during milking by as much as 65 per cent,” says Murray. As another part of Jim and Kathleen’s legacy, a stand of cabbage trees on the farm will form the basis of a native reserve to last in perpetuity, with additional native trees and shrubs to be planted in the fenced area. Phil Goldsmith of PGG Wrightson Real Estate, Whakatane is selling the property which he describes as epitomising the best characteristics of progressive, sustainable, future focused dairy farming. “Design seeks to ensure the farm complies with known anticipated future regulatory requirements and is future proofed employing the best of modern technology. Environmental, herd management and

“To make the investment work, we bought our own herd and moved back to a managed owner-operator system, which included integrating two farms, two herds and two cowsheds back into a single farm. “Dad had built the original cowshed in 1950, rebuilding it himself two or three times over the years. This time around we brought in an architect and a structural engineer. We wanted to build something that would last another 70 years, re-developing based on what will be required in the future: a single, modern, innovative, environmentally-friendly, 40-a-side herringbone dairy and covered feedlot,” says Murray. New races, fencing and calf rearing sheds were part of the re-development plus a common water supply and dosing system. “We took a critical look at everything we were doing around the cowsheds, hosing down the yard and milking the cows. Minimising

36 New Zealand's leading rural real estate company

future revenue opportunities were evaluated, siting the building so that if neighbouring properties become available, their operation can be easily integrated with this farm. Meanwhile, the building was designed and positioned to enable installation of a solar array and rainwater collection. “As well as the farm’s complete infrastructure redevelopment, a soil and pasture strategy places particular emphasis on soil composition and balance to improve grass root structure. Testing a mix of annual and perennial grass seed types has found varieties most suited to this particular farm. This programme is a step towards an eventual transition to organic farming. “Consideration has been given to breeding the herd to progressively achieve A2. Additional soil tests have identified at least ten hectares of the property suitable for kiwifruit and the farm has grown grapefruit, tangelos and other citrus, on a small scale, in the past, so there are excellent opportunities to diversify,” Phil says.

THORNTON, WHAKATANE DISTRICT 63 Magee Road Environmentally Friendly Dairy Operation 145 hectares subject to title main farm, plus 28.75 hectare support block, plus 29.30 hectare support block. Features include: 40 ASHB high tech dairy, with fully covered yard including feedlot, has an ultramodern water conservation system, solid effluent disposal system, remote herd and dairy monitoring systems and full staff facilities. Capital investment has been made in infrastructure with a vision for a sustainable long term future, aiming to be environmentally friendly, industry leading and achieving compliance - better than the regulations require. This is a must see farming operation.

Deadline Private Treaty Plus GST (if any) (Unless Sold Prior) Closes 4.00pm, Thursday 28 November

www.pggwre.co.nz/WHK31158

Phil Goldsmith B 07 307 1620 M 027 494 1844 E pgoldsmith@pggwrightson.co.nz

Helping grow the country 37

WHAKATANE DISTRICT 1956 State Highway 2 Intensive Finishing - 314.0523 Hectares • Highly productive land with contour from flat and easy through to medium hill • Currently finishing cattle, dairy grazing and has a South Suffolk sheep stud • Intensively sub-divided, extensively raced, including 60ha deer fencing • Strong fertiliser history, on fertile Whakatane Loam soils, water reticulated to most paddocks • Good range of improvements, maintained to a high standard, including two homes • Ohope Beach and cafes only 20km away, multiple schooling options, a rare opportunity Phil Goldsmith B 07 307 1620 M 027 494 1844 E pgoldsmith@pggwrightson.co.nz

38 New Zealand's leading rural real estate company

Deadline Private Treaty Plus GST (if any) (Unless Sold Prior) Closes 4.00pm, Thursday 14 November

www.pggwre.co.nz/WHK31052

GALATEA, WHAKATANE DISTRICT 2230 Pokairoa Road Less Than $20,000 Per Hectare • Graze or continue dairying on this easy contour land of 256 hectares, 100 hectares mowable • 30 ASHB built in 2011, ACR's, Waikato machine with autowash • All improvements to a high standard - including six-bay implement shed with two lock-up bays • Good water supply, well formed pumice raceways, two comfortable homes • Excellent paddock sub-division, 16 hectares established Lucerne, protecting from summer droughts • Motivated vendors, owned in five titles, and affordable price allowing options for diversification

$4.95M Plus GST (if any)

www.pggwre.co.nz/WHK31152

Phil Goldsmith B 07 307 1620 M 027 494 1844 E pgoldsmith@pggwrightson.co.nz

Helping grow the country 39

TIROHANGA, TAUPO DISTRICT 176 Okama Road Time To End The Pain! - 165 Hectare Dairy Unit Unforeseen issues have led to the point of no return, the decision is made, the farm must sell. 138 hectares effective easy and mixed contours. Historic production of 129,019kg MS. Infrastructure includes two three-bedroom Lands and Survey style dwellings, a tidy 22 aside dairy with in-shed meal feeders, two large calf sheds, PKE and fertiliser bins and a disused woolshed. Council and bore water supplies. Room for production upside, alternatively a support property to a larger dairy unit or use as a beef farm with a calculated NRP of 66. Graham Beaufill M 027 474 8073 E graham.beaufill@pggwrightson.co.nz

40 New Zealand's leading rural real estate company

Auction Plus GST (if any) (Unless Sold Prior) 1.00pm, Thursday 21 November PGG Wrightson Real Estate Corner Marguerita & White Streets, Rotorua

www.pggwre.co.nz/ROT31119

Outstanding

Oakbourne Helping grow the country 41

Doug Smith - 027 494 1839 | Paul Harper - 027 494 4854

Testing the market early achieves strong result in Central Hawke’s Bay When you have a farm to sell, with no need to rush into it, picking the right time to take it to the market can be an art form. For Mike and Louanne Gordon, going early achieved an ideal result. With younger members of the family farming nearby, they decided it was time to rationalise their farming operation, which included Oakbourne, a 410 hectare farm mainly finishing bullocks, 37 kilometres east of Waipukurau and 13 kilometres north of Porangahau. “We had about 2000 hectares all up, with a son farming one block and a son-in-law farming another. We are reaching the stage where there is no need to push yourself too hard and we had one eye on what the property market was doing,” says Mike. They put a call in to Doug Smith, of PGG Wrightson Real Estate, Hastings, who generally works in tandem with colleague Paul Harper. “We started talking to Doug in the autumn. Although the market was encouraging, I

didn’t think that was the right time to rush out and advertise a farm. Normally, with the way farms run stock, June settlement makes sense, so at that stage we decided it was too late to set up and push through a transaction before the end of June, and therefore not an ideal time to try to sell. “However, Doug and I kept talking. As the winter progressed it became clear that quite a few farms would be offered for sale in the spring. We decided to put it out there that we have a farm for sale and see what happens. Not to go full on advertising it, just talk to anyone who might be interested and see if someone comes up with an acceptable price. We wanted to see if Doug and Paul knew anyone who was after a farm like that, and if we reached the end of August without receiving an offer, then we would go all out and advertise it in the normal way to the spring market,” he says. When Doug and Paul started the softly softly approach to finding a new owner for Oakbourne, with product prices for red meat

42 New Zealand's leading rural real estate company

so strong, and all indications that they will continue at or near record levels, there was plenty of interest, as Doug explains. “Oakbourne is an outstanding finishing farm. We had a list of several potential purchasers, mostly people within the farming area who we knew might be looking to acquire additional land. Once we had the information about the farm ready, we sent it out to them. Interest was encouraging and we showed up to a dozen parties around the farm. “As it is, Oakbourne includes 138 hectares of flat land and those paddocks provide an unusually high percentage of the whole property, giving it great balance and plenty of options. However, the flats are one side of the main road, separated from the medium hill country on the other side. “We showed various neighbours around the farm with several investigating the possibility of dividing it up along the main road to add to existing holdings. In the end, however, the most motivated party was a successful farming family based elsewhere in the district

It is hard to pick the month where farm values will be at the top of the spike. Of course, nobody wants to sell at the bottom of the spike. When sentiment is good though, as it is at present, you want to move while the mood is so positive. Anyone can be clever in hindsight

who we had previously dealt with, with two adult sons, seeking to extend their holdings. They made an offer to buy it as a single unit in a range between $11,000 and $13,000 per hectare, firm on current values for Central Hawke’s Bay sheep and beef property, which the Gordons were pleased to accept,” he says. Mike says their decision to go to the market in the winter, rather than hold off until spring, proved to be the right one. “It is hard to pick the month where farm values will be at the top of the spike. Of course, nobody wants to sell at the bottom of the spike. When sentiment is good though, as it is at present, you want to move while the mood is so positive. Anyone can be clever in hindsight,” he says.

“Historically sheep and beef farming progresses in cycles. If so, it appears we are currently at or approaching a high point. Those who are therefore considering cashing in on the red meat sector’s present strong position, and exiting at the top, are probably making a wise decision. That was certainly the case for the Gordons, and the ease with which their excellent property found a willing buyer bodes well for the spring and beyond,” he says.

Doug Smith says there are some good spring listings of sheep and beef farms in several districts, including Central Hawke’s Bay, with every indication that these will be met by strong demand.

Helping grow the country 43

SHERENDEN, HAWKE'S BAY 200 Flag Range Road Tender

Winter Trading / Finishing Block • 247.83 hectares (612 acres) well located 30km west of Hastings • Great water source, fully reticulated around the farm • Good all-weather access, well laned and subdivided into 28 paddocks • All-tractor country in an ongoing new grass/cropping programme • Three-stand woolshed, new cattle yards plus second set, sheep yards and implement shed • The work is done, warm winter finishing country ready to fly Paul Harper B 06 878 3156 M 027 494 4854 E paul.harper@pggwrightson.co.nz

Doug Smith B 06 878 3156 M 027 494 1839 E dougsmith@pggwrightson.co.nz

44 New Zealand's leading rural real estate company

Plus GST (if any) Closes 4.00pm, Wednesday 16 October

www.pggwre.co.nz/HAS30638

TAKAPAU, CENTRAL HAWKE'S BAY 39 Edgecombe Road Quality Farm - Quality Location • 310.2049 hectares (766 acres) approximately • Mainly flat to gently rolling contour • Well fenced, fertilised and watered • Spacious four-bedroom home plus three-bedroom cottage • Excellent shedding • 31km south of Waipukurau

Auction Plus GST (if any) 2.00pm, Tuesday 22 October Waipukurau Club

www.pggwre.co.nz/WPK31025

Max Lyver B 06 858 6780 M 027 597 5818 E mlyver@pggwrightson.co.nz

Helping grow the country 45

COLYTON, FEILDING

Tender

'Glengarnock'

PRELIMINARY NOTICE

• 199.38 hectares (492.67 acres) • Well balanced contour with large areas of flats and easy undulating country • High level of farm infrastructure including woolshed, sheep and cattle yards and a large range of farm sheds • A well appointed six bedroom home in well established grounds is a feature of the property • Don't miss the opportunity at a complete property location, balance and quality throughout Geoff White M 027 274 1478 E geoff.white@pggwrightson.co.nz

Wayne Brooks M 027 431 6306 E wayne.brooks@pggwrightson.co.nz

46 New Zealand's leading rural real estate company

www.pggwre.co.nz/FDG31150

OHAU, HOROWHENUA 504 Muhunoa East Road 'Tangimoana' 1320 Hectares (3200 Acres) PGG Wrightson Real Estate are proud to offer for sale by Tender on behalf of the Verry Williams Trust approximately 1320 hectares at Ohau, Levin, including 164 hectares flat to rolling pasture, 173 hectares rough, hill some fenced, 16 hectares forestry, 958 hectares bush.

Tender Plus GST (if any) (Unless Sold By Private Treaty) Closes 1.00pm, Friday 29 November

www.pggwre.co.nz/LEV30961

Two homes, woolshed, yards, airstrip and fertiliser bin. This property offers a mix of alternative land uses and land development opportunities - growing, grazing, carbon credits, forestry, recreational. Joe Havill B 06 367 0835 M 027 437 0169 E joe.havill@pggwrightson.co.nz

Helping grow the country 47

MANAKAU, HOROWHENUA 385 Waikawa Beach Road Horowhenua Farm - 216 Hectares (534 Acres) Awesome big block at Manakau in three titles. Possession date negotiable as our vendors are flexible and understand next owner(s) may look at alternative land use possibilities - land development and/or farming diversification away from its current usage as a One Plan Approved self-contained dairy. Far larger in area than what is usually available in the district, this farmland is around 60% level in contour and balance gently rolling coastal dunes. All round good grass cover from well managed fertiliser history and re-grassing programmes. Joe Havill B 06 367 0835 M 027 437 0169 E joe.havill@pggwrightson.co.nz

48 New Zealand's leading rural real estate company

Price by Negotiation Plus GST (if any)

www.pggwre.co.nz/LEV30599

EAST TARATAHI, WAIRARAPA 661 Cornwall Road Farming, Lifestyle, Location - 180.19 Hectares (445.3 Acres) • Extremely well balanced farm with a variety of soil types giving you options with farming/ horticultural activities • High level of farm infrastructure including K-line irrigation, woolshed, sheep and cattle yards and reliable, quality water reticulation system • Outstanding five-bedroom modern executive home with additional three-bedroom cottage • Two rivers on boundary giving an array of recreational activities • Don't miss this opportunity to purchase this premium part of the Wairarapa

Tender PRELIMINARY NOTICE

www.pggwre.co.nz/MAS31070

Bevan Edwards B 06 370 1889 M 027 204 2895 E bevan.edwards@pggwrightson.co.nz

Helping grow the country 49

South Island A mild winter and favourable commodity prices mean South Island farmers generally have a positive outlook. In the rural property market that indicates plenty of activity through the spring, particularly around sheep and beef farms, where highly attractive properties have been offered for sale in several regions. Uncertainty persists around dairying, impeding the motivation to buy or sell land in that sector. However, those vendors intending to sell dairy property, who can show that their farms comply with the required standards around land and water use, and are realistic about what the market is prepared to pay, should succeed in selling. Plantation forests and bare land blocks suitable for trees should also find willing purchasers, particularly as the trade in carbon credits is becoming more lucrative. This trend has gained considerable traction in the North Island and may well also take hold south of Cook Strait in the coming months.

50 New Zealand's leading rural real estate company

NGATIMOTI, TASMAN 495 Waiwhero Road Deadline Private Treaty

Highly Productive Cattle Finishing 45.33 hectares - Premium grazing unit located close to Motueka with an excellent standard of farm improvements and lovely four-bedroom home in an elevated and private position. Farm buildings include a large high stud fully enclosed shed, four-bay implement/hay shed, HB cow shed in working order, two-bay storage/workshop, plus new cattle yards. There is a bore water supply plus consent to irrigate 2.8 hectares. Formerly a dairy unit and currently a Charolais beef cattle stud plus finishing unit producing top weight cattle. Very rare for a stunning and productive quality grazing unit to be offered for sale in this very sort after locality. Douglas Smith B 03 543 8594 M 027 543 2280 E douglasjcsmith@pggwrightson.co.nz

Plus GST (if any) No Prior Offers Closes 4.00pm, Thursday 31 October

www.pggwre.co.nz/NEL30968

Peter Evans B 03 543 8599 M 027 224 9798 E pevans@pggwrightson.co.nz

Helping grow the country 51

NGATIMOTI, TASMAN 153 Strachan Road Ngatimoti Grazing This 65 hectare grazing farm lies to the north in a sheltered and private valley setting. A mixture of rolling terraces, flats and medium hill, the property is suitable for both sheep and cattle. A modern threebedroom home bathes in all day sun in a private and sheltered setting. A separate double garage has a self-contained sleepout. Other improvements include a three-stand woolshed with sheep and cattle yards, a three-bay hay shed and a large poultry breeding complex. A feature of the property is the gentle terraces that are suitable for cropping and supplements. Douglas Smith B 03 543 8594 M 027 543 2280 E douglasjcsmith@pggwrightson.co.nz

52 New Zealand's leading rural real estate company

Enquiries Over $1.565M Plus GST (if any)

www.pggwre.co.nz/NEL30563

WARD, MARLBOROUGH 77 Peggioh Road Deadline Private Treaty

Rare Marlborough Farming Opportunity 'The Hummocks' is a substantial (843.19 hectare â&#x20AC;&#x201C; subject to survey) east coast farming property located only 52km from Blenheim. This large-scale sheep and beef property has a high standard of improvements including a modern four-stand woolshed, several sets of strategically located sheep and cattle yards, well-formed tracks and a reliable water supply. Conservatively farmed for more than 50 years with a balance of mid micron ewes and breeding cows, this is an opportunity to add to your current land portfolio. Inspection strictly by appointment with the sole agent â&#x20AC;&#x201C; Call Greg or Joe today to find out more. Greg Lyons B 03 579 1188 M 027 579 1233 E greg.lyons@pggwrightson.co.nz

Plus GST (if any) (Unless Sold Prior) Closes 4.00pm, Thursday 7 November

www.pggwre.co.nz/BLE30871

Joe Blakiston B 03 579 3702 M 027 434 4069 E jblakiston@pggwrightson.co.nz

Helping grow the country 53

WAIRAU VALLEY, MARLBOROUGH 4263 State Highway 63 Price by Negotiation

Prime Large Scale Viticultural Development

Plus GST (if any)

This 131 hectare (323 acres) Marlborough sheep and beef farm in three titles is surrounded by established Wairau Valley vineyards. A water right to irrigate 110 hectares of grapes and a property predominantly of flats with several easy to develop terraces and potential water storage sites lends itself to an easy viticulture conversion. With many large scale development blocks having been sold, grab this opportunity while it is available - call Greg or Joe to arrange a viewing today.

Greg Lyons B 03 579 1188 M 027 579 1233 E greg.lyons@pggwrightson.co.nz

Joe Blakiston B 03 579 3702 M 027 434 4069 E jblakiston@pggwrightson.co.nz

54 New Zealand's leading rural real estate company

www.pggwre.co.nz/BLE30026

AWATERE VALLEY, MARLBOROUGH 'Starborough Creek' Price on Application

Large Plantable Area Including High Spec Dam

Plus GST (if any)

On offer is this appealing large scale Awatere viticulture development property with an estimated 100 plus hectares of plantable area. With the unrestricted consent to take 300,000mÂł from the Starborough Creek catchment and the comprehensive 250,000mÂł storage dam that has all documentation completed is an excellent insurance policy for future vintages. Other large water storage sites have been identified for potential future development on site. Extensive climate, soil, viticultural and vineyard development information available - call Greg or Joe now. Greg Lyons B 03 579 1188 M 027 579 1233 E greg.lyons@pggwrightson.co.nz

www.pggwre.co.nz/BLE29477

Joe Blakiston B 03 579 3702 M 027 434 4069 E jblakiston@pggwrightson.co.nz

Helping grow the country 55

MOANA, WEST COAST 236 Kotuku-Bell Hill Road A Rare Opportunity 688.5763 hectares in four large blocks. Two blocks are standalone while two blocks border each other. Mostly covered in Manuka scrub, moss and re-generating native bush with some medium to rough grazing. The property offers huge potential for forestry (possible carbon farming), bees with grazing a bonus. Call now for an information pack. To be sold in four separate blocks or can be purchased as a whole.

Dave Becker M 027 222 5184 E dave.becker@pggwrightson.co.nz

56 New Zealand's leading rural real estate company

Deadline Private Treaty (Unless Sold Prior) Closes 4.00pm, Friday 1 November

www.pggwre.co.nz/GRE30878

BROOKLANDS, CANTERBURY 2 and 12 Earlham Street Landbank, Development or Farming Options 2 & 12 Earlham Street, Brooklands is 142 hectares of farm land in four titles within the Christchurch city boundary. The property has a large range of farm infrastructure and is currently being utilised for beef cattle. The 1960s brick home features three bedrooms, two living areas, a separate office, laundry, bathroom and a detached double garage. A rare opportunity for an astute purchaser to secure a large landholding that oozes potential on the city fringes and boost the productivity of the current farming operation or to alternatively land bank for development now or in the future.

Tender Plus GST (if any) Closes 2.00pm, Thursday 14 November

www.pggwre.co.nz/CHR30983

Peter Crean M 027 434 4002 E pcrean@pggwrightson.co.nz

Helping grow the country 57

Achray

Grand Heritage

pggwre.co.nz/ CHR31022 | Peter Crean - 027 434 4002

Historic North Canterbury property will attract strong market interest A much admired historic North Canterbury sheep and beef property is for sale. Achray is a 418 hectare farm located 112 kilometres north of Christchurch, 15 kilometres north of Culverden and three kilometres east of Rotherham. It has been listed for sale by Peter Crean of PGG Wrightson Real Estate, Christchurch, who describes it as a high calibre farm. “Outstanding farm infrastructure, good stock water supply systems and a high standard of

fencing, including laneways, show how well the farm has been maintained and how easy it will it be for a new owner to walk in. “Current farming practices include a strong cattle history incorporating both dairy grazing and beef trading, in addition to approximately 300 breeding ewes. “Rotherham is a highly-regarded, versatile and productive farming area. Achray features a mix of easy hill country and flats incorporating 60 hectares of irrigation,

58 New Zealand's leading rural real estate company

making it an ideal property for livestock breeding and finishing or for dairy support,” he says. Achray was originally part of the Saint Leonards Estate which covered 40,000 hectares across the Amuri in 1862. When Saint Leonards was subdivided in 1877 nine runs were created, including Isolated Hill. John Macfarlane purchased this, which he promptly renamed Achray after Loch Achray in Scotland. By 1913 Achray was a 3345 hectare freehold property. Sold by the Macfarlane family, who in 1892 had built a grand weatherboard homestead surrounded by a wide verandah and complete with billiard room and cellar, it was privately subdivided to create a number of smaller farms. In 1920 Achray‘s homestead

block was leased to James Nicol Boag. His family remained on the property for three generations, until 2008, when current owners Rose and Euan Lawson purchased the property. Rose says she and Euan have undertaken various improvements during their tenure at Achray, including re-roofing and externally painting the homestead. “We have re-grassed, and built a new workshop and implement shed as well as new cattleyards. We have moved the property more towards beef and dairy grazing, also growing supplements for sale, as well as to feed to our own stock.

“With a mix of flat irrigated to rolling country, it has been an easy property to farm, with accessible land, while the views towards Waiau and the snow-capped mountains, especially in spring, are just beautiful,” she says. Built with servant’s quarters, the 450 square metre homestead now includes a three bedroom self-contained flat as well as the three bedroom main residence. It is set in established grounds boasting specimen trees, rhododendrons, camellias and abundant roses, plus an expansive long-established orchard. Peter Crean expects demand for Achray will be keen.

Outstanding farm infrastructure, good stock water supply systems and a high standard of fencing, including laneways, show how well the farm has been maintained and how easy it will it be for a new owner to walk in.

“Achray is an easily managed property boasting exceptional infrastructure, immaculate aesthetics and a grand heritage. Farms of such quality only come to the market rarely, and are therefore highly sought after, particularly with the current commodity prices driving demand for land that will support sheep and beef. “Its combination of irrigated flats, easy to rolling workable hill country and proven stock production give Achray a perfect balance. “With an established history as a cattle finishing unit, in addition to its use in dairy support over recent years, plenty of prospective purchasers will be highly motivated to take an interest in this property,” he says. Achray is for sale by deadline private treaty with offers closing on Thursday 31 October. It comprises three titles of 95, 105 and 219 hectares. It is available as a single unit or in parts reflecting the current titles. Following damage incurred in the Kaikoura earthquake, the homestead is for sale in an ‘as is where is’ condition. Detailed information is available on request.

Helping grow the country 59

ROTHERHAM, CANTERBURY 252 Achray Road 'Achray' - Impressive Finishing/Dairy Support This very appealing, 418 hectare, easily managed farming operation features a mix of easy hill country and flats that incorporate approximately 60 hectares of irrigation. The land is complemented by outstanding farm infrastructure, a six-bedroom homestead being sold 'as is where is', a high standard of stock water supply systems, fencing and laneways. Current farming practices include a strong cattle history (dairy grazing and beef finishing) in addition to approximately 300 breeding ewes. A very well balanced property, set up to support a range of farming options which should be given very early consideration by potential purchasers. Peter Crean B 03 341 4315 M 027 434 4002 E pcrean@pggwrightson.co.nz

60 New Zealand's leading rural real estate company

Deadline Private Treaty Plus GST (if any) (Unless Sold Prior) Closes 2.00pm, Thursday 31 October

www.pggwre.co.nz/CHR31022

HAWARDEN, CANTERBURY 338 Birchdale Road 'Birchdale' - Striking Breeding & Finishing Unit 'Birchdale' is an outstanding, 660 hectare farming operation that features a mix of easy to rolling hill country and flats. It is regarded as healthy stock country which is well suited to breeding and finishing. The land is complemented by well-maintained farm infrastructure, two four-bedroom dwellings, good stock water supply systems, fencing and lane ways. Current farming practices include a mix of composite sheep and Hereford cattle breeding and finishing. A striking, easily accessible, foothills property that represents one of the best purchasing options available in Canterbury for some time.

Deadline Private Treaty (Unless Sold Prior) Closes 2.00pm, Friday 8 November

www.pggwre.co.nz/CHR31095

Peter Crean M 027 434 4002 E pcrean@pggwrightson.co.nz

Helping grow the country 61

VIEW HILL, CANTERBURY 402 Trig Road Deadline Private Treaty

Quality Foothills Deer or Cattle Property • Excellent deer fenced property with all-weather tracks and laneways • Superior homestead as well as a cottage and quality farm buildings • Outstanding deer handling facility and cattle yards • Easy hills and fertile flat land gives the property a good balance • Originally a deer farm, the property has grazed cattle in recent years • A quarry on the property is leased out giving a regular annual income stream • An arrangement with a local apiarist also gives extra income Peter Crean M 027 434 4002 E pcrean@pggwrightson.co.nz

Sam Davidson M 027 488 8269 E sdavidson@pggwrightson.co.nz

62 New Zealand's leading rural real estate company

Plus GST (if any) (Unless Sold Prior) Closes 2.00pm, Thursday 7 November

www.pggwre.co.nz/CHR30886

BURNHAM, CANTERBURY 245 Thomsons Road Model Dairy Farm in Top Location • 201.032 hectares in nine titles ranging in size from 2.0234 hectares - 53.4585 hectares • Land bank for the future with this excellent, well-irrigated dairy farm • One four-bedroom and three three-bedroom homes all in excellent condition • 49 aside herringbone shed with an in-shed feeding system and Waikato plant • Production levels are around the 340,000kg MS/season from approx 760 cows (cows available for sale) • Well-fenced into 30 paddocks with a central lane way making for easy management • Four groundwater consents to irrigate with pivot, rotorainer, k-line and lateral sprinklers used

Price by Negotiation Plus GST (if any)

www.pggwre.co.nz/CHR30405

Sam Davidson M 027 488 8269 E sdavidson@pggwrightson.co.nz

Helping grow the country 63

METHVEN, CANTERBURY 142 Hart Road, Pudding Hill Deadline Private Treaty

Scale and Splendor in the Foothills Seldom do properties of this size and scale come to the market in the rain belt of the Canterbury foothills. 476.3966 hectares run as a cattle and lamb fattening operation as well as taking dairy animals through the winter. Known for its finishing prowess this block at the base of Mount Hutt has a baseline of 66kgN/ha. Three dwellings, outbuildings and cattle yards, with a newly refurbished set of sheep yards. Purchase options include - Whole farm 476ha, Main block of 375ha, Riverbed block 101ha. We are also calling for Expressions of Interest on: 67ha, 154ha and 152ha (subject to survey). Tim Gallagher M 027 801 2888 E tim.gallagher@pggwrightson.co.nz

Robin Ford M 027 433 6883 E rford@pggwrightson.co.nz

64 New Zealand's leading rural real estate company

Plus GST (if any) (Unless Sold Prior) Closes 3.00pm, Friday 29 November

www.pggwre.co.nz/ASH30667

HINDS, CANTERBURY 89 Chisnalls Road Deadline Private Treaty

Affordable Sheep Breeding on the Plains • 360.0855 hectare freehold sheep farm for sale for the first time since 1901 • Immaculately presented, this property has been traditionally farmed for four generations • Old homestead and a large array of farm buildings including covered yards • Baseline of 17kg/ha with potential to bring scheme water/nutrients over means numerous options • Available as one unit of 360.0855ha or as separate parcels of 43ha, 63ha, 66ha, 91ha and 95ha (subject to survey) • With buyer enquiry over $19,000/ha, this property is genuinely for sale Tim Gallagher M 027 801 2888 E tim.gallagher@pggwrightson.co.nz

Plus GST (if any) (Unless Sold Prior) Closes 3.00pm, Tuesday 12 November

www.pggwre.co.nz/ASH30992

Robin Ford M 027 433 6883 E rford@pggwrightson.co.nz

Helping grow the country 65

ORTON, SOUTH CANTERBURY 180 Old Main South Road Price by Negotiation

Turn Key Proposition with Yield - 573 Hectares

Plus GST (if any)

'Waybrooke' is an established and well maintained tier one dairy unit that is self-contained including an adjoining 83 hectare support block. Milking 1650 cows with a 1750 cow consent in place and operating under a closed livestock management system. Abundant irrigation water is a combination of ground water takes and supply from the Rangitata South Scheme with a 6.9 hectare storage pond to ensure reliability. A balance of excellent quality soils have the capabilities of high production also allowing for best management of climatic conditions and environmental compliance. Waybrooke's presentation, production and financial capabilities are sure to impress. Calvin Leen M 027 453 0950 E calvin.leen@pggwrightson.co.nz

Simon Richards M 027 457 0990 E simon.richards@pggwrightson.co.nz

66 New Zealand's leading rural real estate company

www.pggwre.co.nz/TIM31075

Family Farming

Innovation

pggwre.co.nz/TIM30767 | pggwre.co.nz/TIM30768 Simon Richards - 027 457 0990 | Calvin Leen - 027 453 0950

South Canterbury farm selling after 95 years of family innovation

A large and diverse farm holding in South Canterbury is for sale after being in the same family for 95 years. Rock Farm and Moa Flat total 640 hectares. Comprising the former of 490 and the latter of 150 hectares, they are located at Pleasant Point, with easy proximity to Washdyke and Timaru. When originally established as a farm they were part of the Levels Station, which was one of many large runs owned by the Australia and New Zealand Land Company. Back then the property was known as the Cave Outstation where the run’s stock work was done. Farmed since the 1980s by Herstall Ulrich and wife Aly, Herstall’s mother’s parents Geoff and Sybil Rich purchased the property in 1923. Herstall says the farm has always had a local

reputation for innovation. “They were the first to buy a crawler tractor and the first to own a four wheel drive Land Rover, though I can remember doing the lambing beat on horseback,” he says. Herstall’s parents Penny and Gerard Ulrich took over the farm in the early 50s. Gerard, the son of a Timaru doctor, had always hankered after farming. He did an agriculture diploma at Lincoln, then worked on various high country stations, ending up in South Canterbury where he met Penny. “This was a summer dry property so climate was the challenge, finishing the stock before the grass stopped growing. They did have the Korean War wool boom though, which gave them the opportunity to buy more land.

Helping grow the country 67

“A few years after World War II was over, with pilots coming back, they pioneered top dressing with rudimentary planes. My father and grandfather opted for that to increase production. They raised ewes and lambs, with the lambs finished in early December to feed the English pre-Christmas market, sending lamb carcases over whole to Smithfield, London,” says Herstall.

Expertly developed as a predominantly finishing property, its improvements come from carefully considered innovations executed to the highest standards

He and Aly took over at a challenging time. “My parents persuaded me to pay my sisters out, then Rogernomics hit and interest rates went to over 20 per cent, which set us back. “We focused on increasing production. We had previously utilised Muldoon’s ‘skinny ewe policy,’ with loans encouraging higher stocking rates. I’ve always tried to be a good feeder of livestock. We took on loans to develop the pasture and renew the fencing,” he says. Aly says the 80s and early 90s were a decade to forget. “A massive drought was going on at the same time. We had to make decisions on killing more stock so we could carry on. However, we had a young family and didn’t need much, so we hunkered down,” she says. Once things became easier they were able to start innovating again, as Herstall explains. “We borrowed more money to irrigate Moa Flat, which we then upgraded to a pivot, and more recently built on-farm water storage. Although we had an allocation from the Opuha scheme, they weren’t able to deliver water, so we sold the shares and used the proceeds to build our own storage ponds. “When we put the pivot in, we had to pull

down the fences, so took the opportunity to convert to a bull beef technograzing system, based around movable fibreglass fenceposts. We were one of the first South Island farms with that system. We could grow more grass to feed the bulls and produce more meat per hectare. “Our most recent development on Rock Farm was Lucerne. We took Professor Derek Moot’s recommendations and now 55 per cent of the farm’s grazing land is in Lucerne based pastures. That plant has revolutionised what was previously a summer dry property. Lucerne harvests water out of the deep clay, so only a really significant drought will stop the Lucerne growing, when even summer safe farms would feel the pinch. We increased our stocking rate and now have 12 to 14 units per hectare which is unbelievably high,” he says. With the shift to Lucerne, they have also moved away from breeding. “We are growing all this quality feed through

68 New Zealand's leading rural real estate company

10 months of the year, yet with breeding ewes, all it is doing most of the time is growing low value crossbred wool. We decided to utilise that feed better by focusing more on finishing. That also gives us other benefits: when we had up to 3000 breeding ewes during a drought, shifting them off became a big problem,” he says. One innovation didn’t work out, though helped making a decision. “Dairy was good, every irrigated hectare was heading towards dairy and we had an irrigated farm growing plenty of grass. We had a choice to intensify or buy more land, and decided intensifying would be better. “We also installed the infrastructure for robotic milking, setting up a cut and carry feed operation. While our production was right up to what the budgets said was possible, the costs were higher than expected, then we were hit by a downturn in returns, plus another severe drought, meaning even our irrigation was restricted,

so we weren’t able to grow our own feed,” Herstall explains. Aly and Herstall’s son Alex had come home to manage Moa Flat. Going through the dairy challenges, while watching many neighbours face mycoplasma bovis, helped him realise his passion was more with arable than livestock, which contributed to the Ulrichs’ decision to sell. “Decisions around succession were looming. Alex and his wife Ashleigh are the next generation. He realised his passion is arable farming so our decision to sell became obvious,” he says. Herstall and Aly brought in Calvin Leen, Mid and South Canterbury Sales Manager for PGG Wrightson Real Estate, Timaru and his colleague, Simon Richards, to list Rock Farm and Moa Flat for sale. “Rock Farm is mainly of a rolling to steeper contour, with good soils suited to stock, plus some cropping. Expertly developed as a predominantly finishing property, its improvements come from carefully considered innovations executed to the

highest standards. It offers a new owner excellent productivity along with multiple options for ongoing profitability. “Moa Flat is available alone or with Rock Farm. Mainly flat to rolling contour on excellent soils, with reliable irrigation, its versatility gives it broad appeal, while the large dairy barn, which has been used for finishing cattle and raising calves, adds another dimension. “Both farms offer outstanding aesthetics,” said Calvin. Aly will miss Rock Farm’s visual appeal.

Canterbury Plains, to Mt Hutt and beyond and back the other way to the McKenzie Basin. “I also love this house which has so much character,” she says. Herstall, meanwhile, will miss farming. “I have been passionate about it all my life, though over the past 25 years I have also been a director of various companies offfarm, and will continue to enjoy the cut and thrust of that. I’m also looking forward to helping Alex take the next steps in his farming career,” he says.

“I love walking the hills. It is a beautiful farm with magnificent views. Whenever I can, I walk to our tops and look out across the

Helping grow the country 69

CAVE, SOUTH CANTERBURY 1353 Pleasant Point-Cave Highway

Enquiries Over $4.8M

Retirement and Succession - 486 Hectares

Plus GST (if any)

Due to retirement and generational succession 'Rock Farm' is genuinely for sale. This well run property has been at the forefront of many an innovation to enhance the performance of the property and the stock grazed and finished on it. Primarily a diverse finishing, grazing and cropping operation. The business is based around finishing outside the normal buying and fattening seasons allowing stock to be sold on higher schedules to maximise returns and incorporating the use of high yielding pasture mixes. Two excellent homes plus sheds, cattle and sheep yards. Neighbouring 150 hectare cropping / finishing / dairy opportunity for sale - TIM30768, next page. Calvin Leen M 027 453 0950 E calvin.leen@pggwrightson.co.nz

Simon Richards M 027 457 0990 E simon.richards@pggwrightson.co.nz

70 New Zealand's leading rural real estate company

www.pggwre.co.nz/TIM30767

CAVE, SOUTH CANTERBURY 78 Brothers Road

Price by Negotiation

Cropping, Finishing or Dairy - 150 Hectares

Plus GST (if any)

'Moa Flat' is a diversified property with many possible income streams. Run as an intensive cropping, finishing and calf rearing operation that could be reinstated to a working dairy unit with the consent to milk 360 cows. Other options could be to diversify into sheep / goat milking. Features include a large dairy barn, feed bunkers, effluent system and irrigation via two pivots and guns. The arable side of the business has been growing a rotation of maize, wheat, barley and peas with excellent yields being achieved. With two homes the versatility and options are endless. Neighbouring 486 hectare finishing / cropping operation for sale - TIM30767, previous page. Calvin Leen M 027 453 0950 E calvin.leen@pggwrightson.co.nz

www.pggwre.co.nz/TIM30768

Simon Richards M 027 457 0990 E simon.richards@pggwrightson.co.nz

Helping grow the country 71

PLEASANT PT, SOUTH CANTERBURY 373 Henriksen Road Clifton - 592 Hectares 'Clifton' is a 592 hectare breeding, forward store and finishing property. The farm is of a rolling to medium hill contour with good productive soils and a better than average rainfall. There is approximately 400 hectares effective land with a combination of 30 hectares joint venture forestry, QEII Trust land and regenerating native bush and gully areas. The property has its own internal water supplies that are pumped to storage tanks and then gravity fed to troughs. Daily farming practices are well supported by an array of buildings and yards with an attractive four bedroom homestead and sleepout. Simon Richards M 027 457 0990 E simon.richards@pggwrightson.co.nz

72 New Zealand's leading rural real estate company

Price by Negotiation Plus GST (if any)

www.pggwre.co.nz/TIM30406

WAITAKI PLAINS, NORTH OTAGO 363 Peebles Siding Road Location - Cost Effective Irrigation - Production 'Shalloch' dairy farm - 134 hectare (subject to survey) high performing dairy unit. Flat contour and fully irrigated via wide laser levelled borders. Great internal and external access, with a variety of wellestablished shelter belts. 36 ASHB shed, Read plant plus in-shed feed system, shed centrally located. 495 cows producing 258,800kg MS in the 2018/19 season (an estimated land area of 8 hectares utilised in above production will not be incorporated in sale offering). 37 main paddocks with good cow access lanes. This low cost, high producing irrigated property with predominantly Pukeuri silt loam soils and an appealing location is a must view.

Deadline Private Treaty Plus GST (if any) (Unless Sold Prior) Closes 4.00pm, Thursday 24 October

www.pggwre.co.nz/OAM31086

John Sinnamon B 03 433 1340 M 027 457 0710 E john.sinnamon@pggwrightson.co.nz

Helping grow the country 73

AIREDALE, NORTH OTAGO 737 Airedale Road Airedale Downs Dairy Farm • 167.0666 hectares freehold in two titles • 120 hectare milking platform irrigated with K-Line system, Airedale Roseberry Scheme • Timaru loam silt loam soils • Milking 400 cows, 150,000kg MS, cross-breed dairy herd available for purchase • Two main dwellings, 30ASHB dairy shed, grain feeding system

Dave Finlay B 03 433 1340 M 027 433 5210 E dfinlay@pggwrightson.co.nz

74 New Zealand's leading rural real estate company

Deadline Private Treaty Plus GST (if any) (Unless Sold Prior) Closes 2.00pm, Tuesday 5 November

www.pggwre.co.nz/OAM31091

CROMWELL, CENTRAL OTAGO 1009 Luggate-Cromwell Road Deadline Private Treaty

Potential Plus What an opportunity waits for you! Seldom does a property of this quality come to the market so handy to the Cromwell township. 10.2 hectares of fertile horticulture or grazing land with a fully operational irrigation system in place. Drive through the large steel gates that are part of the Central Otago Stone entrance-way to the elevated house site. A small cherry orchard, raised vege garden and established trees surround the large four bay colour steel shed with two bay lockup. Stand on the house site and be amazed at the magnificent 360 degree views that surround you. Neil Bulling B 03 445 3738 M 027 432 8978 E nbulling@pggwrightson.co.nz

(Unless Sold Prior) Closes 4.00pm, Friday 15 November

www.pggwre.co.nz/CRO31155

Jo Nieper B 03 445 3743 M 027 664 5064 E jnieper@pggwrightson.co.nz

Helping grow the country 75

OTUREHUA, CENTRAL OTAGO 386 Agnew Road

Tender

'Fenlaw' - 890.9 Hectares This property, well known for it's high level of production, is running a combination of halfbred and crossbred ewes plus replacement as well as fattening cattle. With a great balance between hill country, irrigated flats and dry land lucerne, all stock are finished to very good weights. 'Fenlaw' has some great attributes and the only way to get a good appreciation of the property is to view it first hand. Shaun O'Docherty B 03 440 2387 M 021 708 165 E sodocherty@pggwrightson.co.nz

Mike Direen B 03 440 2382 M 027 434 0087 E mdireen@pggwrightson.co.nz

76 New Zealand's leading rural real estate company

Plus GST (if any) (Unless Sold By Private Treaty) Closes 4.00pm, Tuesday 26 November

www.pggwre.co.nz/ALE30934

Craig Bates B 03 470 0304 M 027 489 4361 E craig.bates@pggwrightson.co.nz

LAUDER, CENTRAL OTAGO Drybread Road $7M

Grazing/Finishing Unit - 464.8 Hectares

Plus GST (if any)

Located in Central Otago, in close proximity to Alexandra and Clyde, providing a great family lifestyle with the many leisure and recreational activities in the region. This property has been totally re-developed during the current vendors tenure. From the installation of pivot irrigation, fencing, lane ways, new cattle yards, regrassing and capital fertilisers, the property is now in very good heart and would suit a variety of farming practices. The bulk of the irrigation water is consented through to 2035 giving certainty of supply at a very low cost to intending purchasers. Shaun O'Docherty B 03 440 2387 M 021 708 165 E sodocherty@pggwrightson.co.nz

www.pggwre.co.nz/ALE31045

Mike Direen B 03 440 2382 M 027 434 0087 E mdireen@pggwrightson.co.nz

Helping grow the country 77

CHATTO CREEK, CENTRAL OTAGO 173 Corrigall Road

$9M

Beef Finishing/Dairy Support - 754.8 Hectares

Plus GST (if any)

This property has been very well developed over the past eight years and is now producing some of the best results in the area. The property has a number of options including finishing (beef or lamb), dairy support or a breeding unit. Very well balanced with a good proportion of easy rolling irrigated flats to rolling hill with a near new four bedroom home. Call now for more information or to have a look over this very well presented property. Mike Direen B 03 440 2382 M 027 434 0087 E mdireen@pggwrightson.co.nz

Shaun O'Docherty B 03 440 2387 M 021 708 165 E sodocherty@pggwrightson.co.nz

78 New Zealand's leading rural real estate company

www.pggwre.co.nz/ALE28941

OTUREHUA, CENTRAL OTAGO 197 McAdie Road

Price by Negotiation

Perfect Poolburn Starter - 130 Hectares

Plus GST (if any)

Situated in the heart of Central Otago, this Ida Valley property is located just 23km from Omakau and 38km from Alexandra. This very tidy 130 hectares would be ideal for someone looking to start their farming career or as an add on to a larger operation. With good improvements which include a comfortable four bedroom home, garaging, three-stand flat board shearing shed, cattle yards with good access and water. This property has plenty of potential and is a must view. Call now to book your viewing. Shaun O'Docherty B 03 440 2387 M 021 708 165 E sodocherty@pggwrightson.co.nz

www.pggwre.co.nz/ALE30885

Mike Direen B 03 440 2382 M 027 434 0087 E mdireen@pggwrightson.co.nz

Helping grow the country 79

High country

Heritage

pggwre.co.nz/ ALE30740 | Shaun O’Docherty - 021 708 165 Mike Direen - 027 434 0087

Historic Central Otago high country station presents multiple options

An historic Central Otago high country property with a proven record of fine wool production, outstanding views and more than 150 years of heritage is for sale. Happy Valley Station is 16 kilometres south of Cromwell. Comprising of 2266 hectares in five titles, it has been in the same family since 1946, when Duncan Henderson’s parents Colin and Lillian purchased it, as he explains. “My father had returned from the war, which he spent in the army in Egypt. They purchased the property from a family named Crombie, though at that stage the place was seriously run down. Apparently the previous owners had mainly made a living catching rabbits, selling the skins and meat to a rabbit

80 New Zealand's leading rural real estate company

processing factory located in Cromwell. “Prior to that, the farm had originally been part of Kawarau Station, acquired by the Australian and New Zealand Land Company in 1858. Then, when gold was discovered in Cromwell in 1862, the district and the property became the site of considerable prospecting and mining activity and the remnants of a large area of old workings is still evident around Duffers Creek area on the property,” he says. Several different claims were worked and there are records of people living until 1874 in an historic stone hut that still stands on Happy Valley Station. In the late 1890s Chinese gold miners took over the local

claims, mining the Duffers Creek area of the farm until 1910. That was the year the Liberal policy of subdivision of the large runs came into effect. After the Kawarau lease expired it was not renewed and Kawarau Station was subdivided into 16 smaller holdings of which Happy Valley Station was the smallest. As the runs were readily taken up, in some cases ballots were necessary to decide the successful applicants. Run 339c, called Happy Valley, was taken up by the Crombie family who farmed the property until May 1946 when they sold it to the Hendersons. By the time Colin and Lillian bought Happy Valley Station it was not considered good enough to warrant a government loan, which in those days was available to help returned servicemen obtain their own farms.

“With the lack of cover on the country due to rabbits, the threat of thunderstorms which occurred most years, caused havoc to the water races. Rabbit control and oversowing helped stabilise the land,” he says. Rabbits continued to threaten their viability periodically, depending on what national or community control measures happened to be in place. In 1973 Duncan and wife Rae took over the farm. Duncan had spent several of the preceding years working for Jack Sanders and his son Alec on Matangi Station where he experienced first hand how to profit from merinos. They ran a merino stud alongside a commercial flock of sheep at Little Valley, near Alexandra. Matangi Station remains in the Sanders family.

My parents struggled for those early years, then in 1952, the Korean War started, wool prices took off and along with every other sheep farmer in the country, the family’s fortunes turned around

“This is a quintessential Central Otago hill to high country property, well suited to cattle, deer and merinos, with proven performance in the production of fine wool. It ranges from 500 to 1300 metres above sea level and carries 3000 stock units, presently comprising 1500 merino ewes, 900 merino wethers, 700 merino hoggets, 40 cows and 80 hinds. It has 16 hectares in Lucerne, with the balance in pasture and natural cover and has produced approximately 400 round bales per annum of a mix of meadow hay and Lucerne. For irrigation the property has a permit to take 300,000 litres of water per hour from Bannockburn Creek. “Happy Valley homestead, built in 1914 and extended in 1975, is a wonderful historic stone stacked four bedroom home, in good repair, sitting on landscaped grounds that have been lovingly tended over the years. These include a heritage rose garden and an array of mature trees and plantings. A large workshop is located near the home. “As well as its present use, other options include further subdivision for lifestyle properties or extending the opportunities for recreational use such as hunting. Cherries and grapes are both grown locally and could offer further scope,” he says.

Although they still managed to raise the funds to complete the purchase without state assistance, rabbits continued to dominate the property and it was tough going for the first few years.

“We have had rams from the Sanders and their Matangi Station merino stud for over fifty years, breeding out the fine merino/ romney cross half breds my father ran, into a pure merino flock.

“My parents struggled for those early years, then in 1952, the Korean War started, wool prices took off and along with every other sheep farmer in the country, the family’s fortunes turned around.

“With the way fine wool prices have gone in recent years, and are likely to continue, that has fully paid off. Prospects look really good. We have signed up contracts for the next three years with Merino New Zealand, supplying our wool to Italian suit makers, among others,” he says.

“My parents were able to consolidate. Upgrading the private irrigation scheme, which had been taken up in 1910 by the Crombies, was a priority for my father. That used an existing water race established in late 1860s to take water to Bannockburn for gold mining. Since 1910 irrigation has been the lifeline of the property. This enabled them to produce winter feed and finish stock in the paddocks, which worked out well and increased the farm’s prosperity.

Duncan and Rae are looking for another direction in life and have decided to sell Happy Valley Station. They have engaged Shaun O’Docherty and Mike Direen of PGG Wrightson Real Estate, Alexandra to market the property. Shaun says such farms are rarely made available.

A strategically located stockwater pond in the Station’s high country tends to be frozen during the winter providing the opportunity for four to six weeks of curling on it every year on up to 120 millimetres of ice. After four and a half decades on the farm, children overseas, grandchildren in Marlborough, and now both in their 70s,

Tenure review was completed on the property in April this year, and Happy Valley Station has been subdivided prior to sale, giving potential purchasers multiple options. It could sell as a single entity and be taken on as is, or the Hendersons will consider separate offers for the five different titles, which are: •

the 2126 hectare hill country block;

•

the 4.5 hectare homestead block;

•

a 35 hectare dry land block with exceptional views, suitable to add on to existing operation or build on for use as a large lifestyle property; and

•

a 98 hectare paddock block which includes most of the farm buildings including shearing shed and yards, a deer shed, a killing shed, three hay barns and additional building platforms;

•

a 4500 square metre elevated section with a two-bedroom open plan cottage commanding outstanding views.

Happy Valley Station is listed for sale by private tender with offers sought by 18 December.

Helping grow the country 81

BANNOCKBURN, CENTRAL OTAGO 302 Hawksburn Road Tender

'Happy Valley' 'Happy Valley' is the quintessential Central Otago hill to high country property producing some of the most sought after Merino fibre in the world. Not only is the property very well suited to this production, it is also located in the heart of Central Otago, featuring vast undulating landscapes, rugged snowcapped mountains, clear blue streams, deep gorges and tussock-clad hills. In close proximity to the tourism meccas of Wanaka and Queenstown along with many leisure and recreational activities the region provides, this property presents a great opportunity merge two very different lifestyles, farming and a venture into the fast emerging eco tourism industry. Shaun O'Docherty B 03 440 2387 M 021 708 165 E sodocherty@pggwrightson.co.nz

Mike Direen B 03 440 2382 M 027 434 0087 E mdireen@pggwrightson.co.nz

82 New Zealand's leading rural real estate company

(Unless Sold By Private Treaty) Closes 4.00pm, Wednesday 18 December

www.pggwre.co.nz/ALE30740

ALEXANDRA, CENTRAL OTAGO 1056 Chatto Creek-Springvale Road

Deadline Private Treaty

'Springfield' • The attributes of this farm make it one of the finest examples of its type in Central Otago • Spacious architect designed two storey, double glazed, five bedroom home of approximately 400m² set on beautifully landscaped grounds • 230.5 hectares with various farm buildings, two gravity fed pivots and some K-Line • 112 litres/sec continuous flow irrigation supply If you want a property in a fantastic location, is a valuable land bank and a very productive unit then this is a must to inspect. Mike Direen B 03 440 2382 M 027 434 0087 E mdireen@pggwrightson.co.nz

Plus GST (if any) (Unless Sold Prior) Closes 3.00pm, Thursday 21 November

www.pggwre.co.nz/ALE30452

Shaun O'Docherty B 03 440 2387 M 021 708 165 E sodocherty@pggwrightson.co.nz

Helping grow the country 83

HINDON, OTAGO 229 Hindon Road Deadline Private Treaty

Hindon Sheep & Beef Unit 608.5438 hectares. Ranging from good broad tops to rolling hill dropping to some gullies. Approximately 40 hectares bush and river faces. Well subdivided into 70 paddocks. Stock wintered 2019 were 3,400 ewes, 900 hoggets, 50 rams etc. The sale of this property offers purchasers the opportunity to secure a well balanced property in a healthy stock area or could be sold as two units, one at 239 hectares and one at 369 hectares.

Roger Nicolson B 03 471 7631 M 027 886 0618 E rjnicolson@pggwrightson.co.nz

Craig Bates B 03 470 0304 M 027 489 4361 E craig.bates@pggwrightson.co.nz

84 New Zealand's leading rural real estate company

Plus GST (if any) (Unless Sold Prior) Closes 12.00pm, Wednesday 20 November

www.pggwre.co.nz/DUN31074

OUTRAM, OTAGO 153 Dow Road Deadline Private Treaty

Taieri Plains Multiple Options 153.5656 hectares dairy farm with lifestyle title purchase options: Lot One: 65ha with 50 ASHB and two dwellings with 40ha lease property attached. Lot Two: 42ha bare land building platform two titles cattle finishing or run off. Lot Three: 45ha, modern dwelling, two titles. Total property 153.5656ha plus 40ha lease platform. This tidy dairy farm is located handy to Outram township on the Taieri Plains. Complete with six titles this property can be purchased in separate titles with lease to buy options. Beef finishing units from 21ha to 43ha blocks. Paul Thomson B 03 470 0332 M 027 435 3936 E pthomson@pggwrightson.co.nz

Plus GST (if any) (Unless Sold Prior) Closes 12.00pm, Thursday 14 November

www.pggwre.co.nz/DUN31030

Craig Bates B 03 470 0304 M 027 489 4361 E craig.bates@pggwrightson.co.nz

Helping grow the country 85

WAITAHUNA, OTAGO 759 Waitahuna Gully Road Deadline Private Treaty

Waitahuna East Sheep & Beef Unit 600 hectares (subject to survey). Majority of the land is cultivated with some gullies. Well subdivided by a good standard of fencing into 40 paddocks plus holding paddocks. Four bedroom homestead, open plan with separate lounge, main bedroom with ensuite. Top stock performance with lambs finished to 18 plus kg, surplus two tooth ewes are sold and generally top local two tooth fair. Stock wintered 2019 were 3,978 ewes, 1,740 hoggets. The sale of this property offers purchasers the opportunity to secure a well balanced property in a healthy stock area, with top performance. Roger Nicolson B 03 471 7631 M 027 886 0618 E rjnicolson@pggwrightson.co.nz

Craig Bates B 03 470 0304 M 027 489 4361 E craig.bates@pggwrightson.co.nz

86 New Zealand's leading rural real estate company

Plus GST (if any) (Unless Sold Prior) Closes 12.00pm, Wednesday 27 November

www.pggwre.co.nz/DUN31056

LUMSDEN, SOUTHLAND Here's the Cake - The Icing is Yours to Add • 2.0695 hectare site situated on busy main highway to Queenstown • Two new developments with nine and 10 year leases plus ROR for 15 and 20 years • Retail and bulk store completed with a fuel stop build to commence shortly • Includes 1.39 hectares of undeveloped prime real estate with excellent road frontage • $119,750 plus GST per annum • Outgoings payable by tenant

Tender Plus GST (if any) (Unless Sold By Private Treaty) Closes 12.00pm, Wednesday 13 November

www.pggwre.co.nz/INV31138

Andrew Patterson B 03 211 3144 M 027 434 7636 E apatterson@pggwrightson.co.nz

Helping grow the country 87

Barnhill 88 New Zealand's leading rural real estate company

pggwre.co.nz/INV30615 | Andrew Patterson - 027 434 7636

Portion of a 158 year farming family legacy for sale in Northern Southland Thomas Lowther Barnhill arrived in Dunedin on 27 November 1859 following a four month voyage on the SS Cheviot from Greenock, Scotland. Born in Antrim, Northern Ireland, his responsibility on board was to manage the livestock the vessel was bringing around the world for the Australia and New Zealand Land Company, including a large consignment of pedigree sheep from the Duke of Buccleuchâ&#x20AC;&#x2122;s estate in the Scottish Borders. Age 20 when he arrived, Thomas Barnhill came to New Zealand to work for the company, which had several large landholdings, mainly in the lower South Island. Pastoralists, like those who owned the company, had identified a significant opportunity to run stock in the largely unpopulated country and the sheep Barnhill brought with him were intended to establish that. In 1862 the Australia and New Zealand Land Company acquired the lease to graze the 26,000 hectare Run 181, known as the Elbow

Run, after the 90 degree turn the Oreti River takes there. Elbow was also the name of the nearby township now known as Lumsden. Taking over the lease the Land Company renamed the property Castlerock, appointing Thomas Barnhill to manage it which he did for most of the next 52 years until his death in 1914. His first arrival at the then isolated property however, followed six weeks driving a mob of Border Leicester sheep from Oamaru over largely untamed country, with no road access and only a compass to guide the way. Although Thomas did not marry, his sister Maria followed him to New Zealand from Ireland, and her descendants have remained on the property ever since, albeit the farm, which is now named after Barnhill, is now freehold and only a fraction of its original size after 158 years of consolidation, intensification and subdivision. Maria Barnhillâ&#x20AC;&#x2122;s great great grandson David Thomas and his wife Julie took over the family farm in 1969. They are now selling one of the

remaining portions of Barnhill, a 1026 hectare extensive sheep, beef and deer unit which is listed for sale by Andrew Patterson of PGG Wrightson Real Estate, Invercargill.

Helping grow the country 89

Passing it on through just four generations over 158 years, and keeping up with the times, allowed us to make the most of the property

David looks back with satisfaction on his generation’s tenure. “Initially we struggled with interest rates. However, we had the size and scale to withstand that, and as there was no pressure on the farm from other family members, we were able to hold our own and carry on farming. “In our years on the farm we have managed to increase the carrying capacity of the hill block, which is what is now for sale, from approximately 2000 to around 7000 stock units. He have also built up a successful South Devon cattle stud, largely through Julie’s initiative and skill,” he says. After a period off the property during the 1870s, Thomas Barnhill returned to manage

Castlerock again in 1881. He took ownership of more than 5600 hectares when the principal of the Australia and New Zealand Land Company died, which led to the first sub-division of the property in 1903. A further sale and subdivision took place after Barnhill’s 1914 death, and again when Maria died in 1935. As well as the isolation, Thomas Barnhill and the other pioneers had to contend with tougher winters than are now typical, with snow tending to settle in May and remain on the ground for up to seven weeks, drifting in the valleys, and causing serious flooding when it melted. Shipping the run’s wool to Invercargill was another challenge in the early days. Going through the Oreti Valley required five river crossings, which could be treacherous, so the bullock wagon carrying the clip took a more roundabout route, down the Waimea Plains and across the Hokonui Hills, a round trip of at least two weeks. Refrigerated shipping of mutton in 1882, which established the frozen meat industry, enabled Castlerock to diversify production. This was a welcome relief after a sharp drop in wool prices in 1879 made life at Castlerock difficult, reducing wages for farm workers, and initiating the wholesale slaughter of surplus stock and the construction of boiling down works on the station to reduce the large quantities of carcasses to tallow.

90 New Zealand's leading rural real estate company

David says his family’s longevity has played a part in their farming success. “Passing it on through just four generations over 158 years, and keeping up with the times, allowed us to make the most of the property. “For Julie and me, using the farm to establish and educate our children, now pursuing their own lives in various parts of the world, is our proudest achievement, and with nobody in their generation inclined to take the farm on, selling this part of it is the logical option for us,” he says. According to Andrew Patterson, such a well-located extensive breeding and grazing property, in easy reach of Queenstown, Te Anau, Gore and Invercargill, and 15 kilometres from Lumsden, is a rare find. “Barnhill offers numerous farming options, which currently include ewes, breeding cows, forestry and dairy grazing, while it has previously also run deer. Properties of this scale, with so much potential and diversity, are seldom available in this location,” he says. David and Julie Thomas have employed managers to run the farm for the past 18 years, living in Nelson and returning to Southland five or six times per annum. Around ten years ago they converted the 700 hectare block on their flats to dairy, which is not for sale.

CASTLEROCK, SOUTHLAND 'Barnhill' Extensive Northern Southland Sheep/Beef/Deer Unit • 1026.3915 hectares • Four bedroom home with office • Full range of farm buildings including a four stand RB woolshed, large covered yards and deer shed • 330 hectares cultivated, balance of oversown and native tussock • 290 hectares deer fenced PGG Wrightson Real Estate Limited are privileged to offer this long-held property to the market after 114 years in the family, with an earlier connection dating back as far as 158 years.

Tender Plus GST (if any) (Unless Sold By Private Treaty) Closes 12.00pm, Thursday 5 December

www.pggwre.co.nz/INV30615

Andrew Patterson B 03 211 3144 M 027 434 7636 E apatterson@pggwrightson.co.nz

Helping grow the country 91

WAIKOIKOI, WEST OTAGO $6.65M

Opportunity Of A Lifetime

Plus GST (if any)

PGG Wrightson Real Estate are very privileged to offer for sale the prestigious 365 hectare 'Greenbank' property owned by the Chittock family. Faithfully farmed by two generations this property is simply one of the best! • Four stand RB woolshed and covered yards, numerous sheds plus workshop • Outstanding lane system and fences, own private water scheme • Majestic two storied homestead nestled in park-like surrounds overlooking the Blue Mountains • Located in the very popular and reliable West Otago farming area Derek Ayson M 027 667 9601 E derek.ayson@pggwrightson.co.nz

Bill McDonald M 027 434 1928 E wmcdonald@pggwrightson.co.nz

92 New Zealand's leading rural real estate company

www.pggwre.co.nz/GOR29422

WAIMUMU, SOUTHLAND $5.25M

Multiple Purchase Options

Plus GST (if any)

304 hectares quality land in a reliable farming area. Can be sold as one lot or four separate lots. • Suitable to run sheep, beef, dairy support, partially deer fenced • Magnificent duck pond with a first class mai-mai • Private water scheme with two bores • Good array of farm buildings and yards, comfortable four bedroom home • Approximately 15 hectares of pruned mature pine plantations • Excellent internal and external all weather road access Derek Ayson M 027 667 9601 E derek.ayson@pggwrightson.co.nz

Darrell Duncan M 027 432 5767 E dduncan@pggwrightson.co.nz

www.pggwre.co.nz/GOR29733

Bill McDonald M 027 434 1928 E wmcdonald@pggwrightson.co.nz

Helping grow the country 93

MATAURA ISLAND, SOUTHLAND Potential With Rich Soils and Barn • 136.0754 hectares • 1970s three bedroom brick and roughcast home with two living areas and diesel underfloor heating • Older three bedroom dwelling • 40 ASHB cow shed with 400 cow yard • 420 cow loafing barn with self feeding silage pad • Previously produced 150,000kg MS from 350 cows • Consented for 450 cows until 2027 with lined pond Andrew Patterson B 03 211 3144 M 027 434 7636 E apatterson@pggwrightson.co.nz

94 New Zealand's leading rural real estate company

$4.4M Plus GST (if any)

www.pggwre.co.nz/INV30745

MATAURA ISLAND, SOUTHLAND Calf Rearing and Finishing Opportunity • 94.1 hectares (subject to survey) • Four bedroom Colorsteel clad home • 22 ASHB cow shed with 220 cow yard • 75% flat contour, laned and water around farm, ideal for dairy grazing • Three and five bay implement shed and loafing shed The home is set in an elevated 1.2 hectare garden, surrounded by over 1,000 varieties of Rhododendron and scattered native bush.

$2.1M Plus GST (if any)

www.pggwre.co.nz/INV30744

Andrew Patterson B 03 211 3144 M 027 434 7636 E apatterson@pggwrightson.co.nz

Helping grow the country 95

WAIMAHAKA, SOUTHLAND $4.975M

Semi Self-Contained Dairy Farm

Plus GST (if any)

• Approximately 258 hectares (subject to survey) • 54 bail rotary shed with ACR and meal feeders • Large calf shed and numerous outbuildings including four stand RB woolshed and covered yards • Two family homes and sleep-out • Rolling contour • Fifth year conversion consented until December 2024 • Potential to increase production Jim Fortune M 027 594 8346 E jim.fortune@pggwrightson.co.nz

Andrew Patterson B 03 211 3144 M 027 434 7636 E apatterson@pggwrightson.co.nz

96 New Zealand's leading rural real estate company

www.pggwre.co.nz/INV29833

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PGG Wrightson Real Estate Limited, licensed under REAA 2008

Back cover image: ‘Traditional Sheep Breeding On The Plains’ | ASH30992 89 Chisnalls Road, Ashburton (see inside for details on this property)