A.3: Freehold farm sales in New Zealand,,,,,,,,,, Calendar year,2004,2005,2006,Six months to June 2007,,,,,, ,,,,,,,,,, Dairy farms1,,,,,,,,,, Number of sales,362,346,257,178,,,,,, Average sale price ($),2 086 512,2 381 276,3 175 448,3 322 825,,,,,, Average area (hectares),128,125,135, 139,,,,,, Average sale price/hectare ($), 16 310, 19 062, 23 572, 23 872,,,,,, Average milksolids prod. (kg), 74 785, 76 323, 84 453, 86 084,,,,,, Average sale price/kg milksolids ($),27.9,31.2,37.6,38.6 ,,,,,, Dairy farmland price index2,1132,1560,1515,1594,,,,,, Fattening farms1,,,,,,,,,, Number of sales,225,210,153, 85,,,,,, Average sale price ($),1 952 387,2 685 074,2 899 008,3 173 547,,,,,, Average area (hectares),313,333,380, 416,,,,,, Average sale price/hectare ($), 6 247, 8 072, 7 631, 7 627,,,,,, Average stock carried (su), 2 856, 3 030, 3 247, 3 243 Average sale price/stock unit ($),683.7,886.2,892.9,978.5 Fattening farmland price index2,1277,1484,1472,1484 Grazing farms1 (store),,,, Number of sales,85,54,46, 18 Average sale price ($),2 049 801,3 226 477,2 829 204,2 264 466 Average area (hectares),817,716,686, 724 Average sale price/hectare ($), 2 508, 4 505, 4 126, 3 128 Average stock carried (su), 3 748, 4 567, 3 719, 3 784 Average sale price/stock unit ($),546.9,706.5,760.7,598.5 Grazing farmland price index2,1350,1858,1829,1710 Arable farms1 (mixed cropping),,,, Number of sales,39,27,25, 17 Average sale price ($),1 952 114,2 206 869,2 211 240,2 920 602 Average area (hectares),104,109,102, 142 Average sale price/hectare ($), 18 750, 20 234, 21 647, 20 503 Arable farmland price index2,1243,1592,1484,1484 Horticultural farms1,,,, Number of sales,302,267,240, 99 Average sale price ($),1 022 052,1 595 894,1 334 497,1 434 631 Average area (hectares),9,14,11,10 Average sale price/hectare ($), 111 836, 114 795, 117 388, 142 802 Horticultural farmland price index2,1240,1477,1427,1508 Total rural price index2,1228,1552,1522,1549 Notes:,,,, 1 Only farms sold on the open market subject to normal market forces are included. These sales include only farms which local practice accepts as being capable of supporting at least a single family.,,,, ,,,, ,,,, 2 The total rural price indexes are chain-linked fisher ideal index numbers on base: Six months ended December 2003 (= 1000). Individual indexes relate prices paid for properties to the relevant government valuation.,,,, ,,,, ,,,, ,,,, Source: Quotable Value Limited.