The dairy industry had stalled recently, however, as Newbold pointed out, some dairy farms had sold where the vendor had provided a good price with a fair return.
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Mackay asked about a story he'd read on Stan Robb "The Kiwifruit King" in the Bay of Plenty, who had recently sold one hectare of gold kiwifruit, (which included the fruit), for $1.4 million.
Newbold confirmed, adding that some were getting returns of up to 15 per cent.
Mackay brought up the shift in people's lifestyles due to Covid-19.
Newbold added that people wanted space and didn't want to be cooped up in metropolitan areas.
Property of the week: You can't get better than "Kautuku"
"Kautuku" is a multi-purpose farming business on the doorstep of Hastings. Situated some 10 kilometres west of Hastings, this 420 hectare property has it all. The options here are endless and the current owners of thirty plus years are handing it on in great heart.
Find out more here.
