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State-owned farmer sells up substantial dairy operations
Media Release
11.11.2013
State-owned farmer
sells up substantial dairy operations
State-owned farming entity Landcorp Farming Limited is selling one of its bigger North Island dairying units.
Landcorp’s Wharere Road farm near the Bay of Plenty township of Te Puke is a 404 hectare block which has been milking more than 1300 cows – producing more than 500,000 kilograms of milk solids at its peak.
However, with the company now focusing more on developing the capacity of new dairying units, the lush Te Puke farm has been place on the market for sale through Bayleys Tauranga in a tender process closing on December 4.
Bayleys Tauranga rural sales manager Simon Anderson said the Wharere Road farm encompassed five blocks operating as two individual units. Tenders could be made for purchasing any of the five blocks individually, in any combination, or as one combined portfolio.
Nationwide, Landcorp Farming Limited runs 1.6 million stock units on 137 properties – encompassing sheep, beef, deer and dairy farms.
In the company’s 2013 report, chairman Bill Baylis said Landcorp was particularly focused on growing productivity at its Wairakei operations near Taupo – with the intention of adding 4500 more hectares and seven new milking sheds in that region alone.
“The approach means the clustering or amalgamation of properties to unlock economies of scale and development opportunities.”
As a stand-alone location, the Te Puke farm is somewhat isolated from Landcorp’s other ‘cluster’ locations. The combined Wharere Road unit has a July 2011 rateable valuation of $11.14million.
Infrastructure and buildings
on the farm block include:
• Five milking sheds –
encompassing a 34-aside herringbone shed, three 20-aside
herringbone milking sheds, and an 18-aside herringbone
milking shed. All sheds were built in the1980s.
• Six
homes – five of which are three-bedroom residences, and
one four-bedroom dwelling.
• A consented two pond
effluent system on each farm.
and
• An array of
enclosed hay barns, half-round barns, calf sheds, implement
sheds and workshops.
“Originally when Landcorp bought the Wharere Road land, there were five individual farms. These were combined into two ‘super-units’ run by individual share milkers. The option for any potential purchaser is to maintain the operation under its current format and purchase the whole farm, or revert it back down into smaller productive units,” Mr Anderson said.
The
farm is supplied from a metered district water scheme to all
homes, sheds and troughs. Boundary fencing is predominantly
post/batten and wire fencing, while the paddocks are
subdivided by electric fencing. Access around the farm is
via
well-formed races. A full fertiliser history of the
farm has been kept, as have rainfall records of between
1300mm - 1500mm per annum.
Tenders close on December 4.
ENDS
Bayleys Real Estate
New Zealand
Bayleys is New Zealand's largest full-service real estate company. We offer expertise in the marketing and sale of a wide range of property, including residential real estate, farms and lifestyle blocks, and commercial and industrial property. This includes tourism and business sales such as hotels and motels. We also cover the real estate markets in Fiji and other Pacific Islands.
Bayleys also provides a complete property and facilities service including property management and valuations teams focused on achieving both Owner and Tenant satisfaction.
No other real estate company can match our breadth of coverage across all market sectors throughout New Zealand.
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