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Headlines this week suggest that dairy land prices have fallen by 30 per cent, but Peter Newbold says there are a few factors to take into consideration.
"I guess that was a big headline, and maybe some may have got to that, but depending on where they are, size, location ... it depends."
Despite this, the GM for PGG Wrightson Real Estate did concede that there has been a decrease in prices when he spoke to The Country's Jamie Mackay.
"What I will say is depending whether it's tier one, two or three - there has definitely been a drop.