Monday, August 27, 2012

Still farming…. or speculating on land prices

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Brent

3 comments:

  1. Yeah... maybe... the REINZ median price for farm sales was NZ$17,910 at the end of July... be interested in that report from Knight Frank - can you supply a link to it. Can't tell if the chart above is in NZ$ or US$...

    Also the RB and REINZ have produced a new farm price index which shows how much farm prices have fallen over the past few years.

    Wouldn't trust Knight Frank as far as I could throw them.

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  2. Its USD... its from the Economist... Knight Frank UK.... though I dare say they "talk" to their NZ office! Don't have a link sorry..... the point would be they could out by an order of magnitude and we're still farming land prices not animals or crops.

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  3. Return on investment anyone???? Maybe the prices reflect the return on investment and not just random capital investment speculation?
    These numbers are meaningless in the vacuum of this table

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