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Under Contract

Te Mara Farm

Blackmount

Positively, we are heading into 2019 with excellent an extremely rewarding process to be involved with.
commodity prices across all farming sectors. It is We are working on different methods to achieve this
pleasing to see the global dairy trades increase in and looking at options where vendors can assist in Te Mara has been owned by the Slee family since 1964 and
recent months and commodity prices at levels where the transaction through a small element of vendor is a well-known property on the New Zealand farming scene.
excellent profitability can be captured. The banking finance over time. Another observation is parties are Situated at Blackmount, on the Southern Scenic Route, with
sector is seeing solid principal loan repayments across coming together to form small equity syndicates to close proximity to Te Anau and Manapouri.
the board which is strengthening farmers’ balance purchase land. This is an excellent mechanism for an Te Mara has been the cornerstone of the family’s farming
sheets. established farmer to back a good up and running business and is being offered to the market for the first time in 54
operator/manager.
While commodity prices overall are firm, buyers are years.
still somewhat cautious. In saying that, we have While there are some challenges in front of us, the The farm comprises flat, gentle rolling to steeper contour, with
noticed a vast improvement in numbers and volume profitability of farming is as good as we have seen for sunny faces. There is an excellent balance of soils, contour
of sales from 12 months ago. Normally, the Southland some time. Land values overall are back from recent and shelter throughout. Current stock: 3,500 MA ewes, 1003
rural sales is circa $325m annually and in the first years which makes the fundamental of buying land hoggets, plus fattening, Te Mara has proven to be consistently
nine months of this season there have been circa excellent. profitable.
$310million of sales. At time of writing, there have
been 14 unconditional dairy farms sold in Southland An excellent range of farm buildings include a recent
in the previous 12 month period with a wide range implement/workshop, a four stand woolshed, covered yards
of $18,000 per hectare to $38,000 per hectare. and numerous support buildings. Spacious and comfortable,
Country & Co have sold eight of the 14 dairy units four bedroom homestead and a modern, three bedroom
in the last 12 months. The sheep and beef market manager’s house provide outstanding accommodation for
has seen more buyers come to the pool looking the purchaser.
for additional land, with several farms been sold or
currently under contract. Depending on location, sale
prices are broadly $1,000 to $1,200 per stock unit.
Many sales in Southland are still being conducted
from either neighbours or within a close radius of 10
km.
A key component of Country & Co’s strategy is to 393.6503 hectares
help first farm buyers achieve farm ownership. This is
Property Ref: CC20154