Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

East Waikato dairy farm jewel for sale




A rare opportunity to participate in the wealth generated by Tatua Dairy Co-operative, one of the New Zealand dairy industry’s greatest success stories has arisen in the eastern Waikato.

The 136ha property located on 21 Maungakawa Road 13 kilometres from Morrinsville has come onto the market for the first time in 50 years, and is located only 7 kilometres from the Tatua headquarters.

Firmly located within the ‘golden zone’ of Waikato’s prime dairy district, the family run operation represents the pinnacle of high quality pastoral dairying that has made Tatua, and New Zealand, envied around the world.

Owned by the Houghton family for 50 years the property has consistently generated above average milk solid returns for the district, placing it firmly as the jewel in a zone often coveted for its reliable climatic conditions and central location.

Owner Neil Houghton who died two and a half years ago was well known locally for his extensive collection of vintage engines and tractors which were sold off earlier this year in a well-attended auction, many of them rare John Deere machines.

Bayleys rural agent Mike Fraser-Jones says the care and commitment Neil invested in the property is clearly evident, with its high standard of raceways, ruler straight post and batten fencing and aesthetically appealing tree plantings throughout.

Drainage is almost entirely underground through “Novaflo” and tile draining systems, meaning only a single small drain features across the entire property.

The property is in a district that features some of the country’s largest agri-processors including Fonterra, Silver Fern Farms, Wallace Corporation and Inghams’ chickens.

There are ample primary, intermediate and high school opportunities all within a short bus ride, right up to high school at Morrinsville College only 13km away. The property is also only 22km from Matamata and 34km from Hamilton city.

The farm is milking 500 Jersey cows through two 20 aside herringbone dairy sheds, one of them run by Neil until his death. The cows and all machinery are also available for purchase.

The two properties are joined with a central straight race and production across the two dairy units has averaged 208,000 kilogrammes of milk solids over the past five years, with a peak total production recorded of 215,000 kilogrammes.

The property is being offered as one operational unit, or in two separate operational units of 78ha and 57ha which may provide some expansion opportunities for nearby farmers, or potential grazing options.

Bayleys rural agent Mike Fraser-Jones says the properties are both effectively 57ha, with the larger one featuring an extensive block of native bush. The property is being marketed for sale by tender, closing December 12.

“This is a property that exudes care and attention, and offers an opportunity to participate in the ability of Tatua Co-operative to consistently deliver its farmer shareholders returns well above the industry average, also making it a more appealing, bank-able option for finance,” he says.

The two 20 aside dairy units also incorporate a 300 cow concrete feed pad each, supported with a 250t concrete feed bunker alongside them.

These have been utilised over the years for containing supplement that has included 450t of maize silage, 150t of grass silage, 400t of palm kernel extract and hay. The property has also grown four hectares of maize on farm in the past.

A fully compliant effluent system including pump and stirrer system with 90 millimetre underground piping to hydrants and travelling irrigator sprinklers covers 54-hectares and includes two diesel generators to drive the effluent systems.

The property’s Waihou sandy loam, Kereone silt and Tirau ash soils are among the finest in the Waikato, offering a good level of drainage and fertility across the property’s flat contour. Water supply across the property comes from two bores more than capable of matching the farm’s daily use.

The two houses included on the first title feature a large comfortable family Lockwood homestead complete with underfloor heating, heat pump, four bedrooms, bathroom and ensuite. A second tidy Lockwood home includes three bedrooms.

The second title property features another Lockwood home with three bedrooms, lounge, family and dining rooms with a double garage. A smaller second dwelling serves as single worker’s quarters located near the dairy shed, with two bedrooms.

Purchase of the whole property will include a total of four dwellings across both units, providing the opportunity to capitalise on the farm’s proximity to urban centres by offering any resulting surplus dwelling for rental if desired.

“There are equal opportunities here for anyone wanting to invest in an entire dairy unit, or for existing operators who want to expand their own in a prime low input dairying region,” says Mike Fraser-Jones.


ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

The Narrow Divide: New Poll Shows Tight Political Race For SME Votes

In a major turnaround following nearly a decade of MYOB election polls, Labour is currently the preferred political party of New Zealand’s SMEs, with 38% of SME owners and decision makers intending to vote red in the upcoming General Election, ... More>>

Reserve Bank: Further Easing In Monetary Policy Delivered

Tēnā koutou katoa, welcome all. The Monetary Policy Committee agreed to expand the Large Scale Asset Purchase (LSAP) programme up to $100 billion so as to further lower retail interest rates in order to achieve its remit. The eligible assets remain ... More>>

Retail: Post-Lockdown Retail Card Spending Picks Up

The rise in retail card spending was boosted by sales of furniture, hardware, and appliances, Stats NZ said today. “For a third consecutive month, card spending on the long-lasting goods (durables) remained at higher levels than last year, after ... More>>


Contact: Business Drops, New Generation On Hold

New Zealand’s second-largest energy company Contact Energy (‘Contact’) released its full year financial results for the 12 months to 30 June 2020 (‘FY20’) this morning. More>>

Mining: OceanaGold Announces Receipt Of WKP Mining Permit

MELBOURNE, Australia, Aug. 6, 2020 /CNW/ - OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the 'Company') is pleased to announce it has received the mining permit for Wharekirauponga ('WKP') on the North Island of New Zealand. ... More>>

ALSO:

Economy: COVID-19 Lockdown Has Widespread Effects On Labour Market

In the June 2020 quarter, the seasonally adjusted unemployment rate fell to 4.0 percent, down from 4.2 percent last quarter, while underutilisation rose, Stats NZ said today. More>>

ALSO:

NZ Post: New Research By NZ Post Shows Online Shopping Grew 105% In Alert Level 3

New research by NZ Post into how the COVID-19 response has impacted the way Kiwis shop online, shows online shopping increased 105%* when the country moved into Alert Level 3, and may have changed the way Kiwis shop permanently. Online spend peaked ... More>>

ALSO:

Antarctica NZ: Ice-Olation

Antarctica New Zealand is gearing up for a much reduced season on the ice this year and a very different deployment to normal! Before they head to one of the remotest places on the planet, all personnel flying south with the New Zealand programme will ... More>>

ALSO:

QV Valuations: July House Price Index Illustrates Market Resilience

According to the July 2020 QV House Price Index (HPI) results out today , property values recorded a marginal increase, up 0.2% over the month. This is somewhat of a turnaround from June, after the national index edged 0.2% lower. More>>

ALSO:

Property: Queenstown Rents Experience Biggest Drop In Seven Years

Rental prices in the Queenstown-Lakes district saw the biggest annual percentage drop in seven years after falling 28 per cent on June last year, according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Aaron Clancy said ... More>>

Seismology: The Quiet Earth

As many daily activities came to a halt during lockdown, the Earth itself became quiet, probably quieter than it has been since humans developed the technology to listen in. Seismologists have analysed datasets from more than 300 international ... More>>

RNZ: James Shaw Says Kiwibank, Not Ministers Should Decide On Investors

Climate Change Minister James Shaw says Kiwibank's decision to stop doing business with companies dealing in fossil fuels is the right one. More>>

ALSO:

FMA: Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More>>

FIRST Union: Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off

(FIRST Union comments on The Warehouse consultation and proposed restructure) 'Unfortunately the Warehouse have done the disappointing thing and used Covid-19 to justify a bunch of operational business decisions that will leave hundreds of workers without jobs ... More>>

ALSO: