Sales at $14,486/ha or $19.10/kg
Tasman Agriculture has sold its remaining two Culverden dairy farms 31% above the values on its last annual balance date, 31 May 2000.
The listed dairy farm owner has used a boom in market values to sell down its portfolio, collecting $121.56 million for 7500ha and 33 farms.
The latest pair went to a dairy-farming syndicate for $7.33 million, at $14,486/ha for 560ha or $19.10/kg of milk solids (based on last year’s production of 384,000kg).
The average of sales in the selldown programme has been 21% above book value.