The price of farm property in New Zealand was the highest in the Bay of Plenty region as of August 2023, with an average sale price of 536 thousand New Zealand dollars per hectare. Livestock farms outnumbered all others in the types of farms sold in New Zealand.
A farming nation
The agriculture industry is a major economic pillar of the country. The contribution to the nation’s GDP is valued in the billions of New Zealand dollars. Horticulture, livestock, and dairying are all important segments, and the commodities produced within them are exported across the globe. While sheep livestock numbers have declined, they still make up a large share of the country’s livestock population.
Horticultural farming
Across the country, horticulture farms had the highest average sale price per hectare. New Zealand’s leading horticultural product export destinations included Europe, Australia, and China. While New Zealand exports various horticultural products, it is perhaps best known for its kiwi fruit. Accordingly, the land area dedicated to kiwi fruit farming has continued to increase over the years.
