Quality farms 25pc cheaper last year, says MyFarm
Farm investment company MyFarm says it was able to find high-quality properties for up to 25 per cent less for stock and land last year than during the dairy boom in 2008.
The company yesterday reported investors had put $43 million into MyFarm dairy farm syndicates last year.
It said it had settled 45 investors into six properties in New Zealand and two in Australia with a net asset value of about $65.7 million.
MyFarm director Andrew Watters said a combination of lower asset prices and interest rates had reduced debt servicing costs by almost 50 per cent, or 77c/kg of milk solids.
To read the full NZ Herald article click here
Posted: 6 Jan 2010
News articles
Browse articles
by date