The bleak picture painted of dairy farm values in a recent report doesn’t apply to the Goulburn Valley and the north of the state, a property valuer said last week.CATHY WALKER March 4, 2014 4:10am
Opteon Property Group’s Goulburn North-East managing director David McKenzie said he was surprised to read commentary in the national media — some from one of his colleagues — that suggested while dairy processor shares may be hot tickets, farms were lukewarm.
It had been reported in the Australian Financial Review that at least $300
Opteon’s Western District valuer Chris Ryan told AFR there had been an over-supply of dairy farms for sale in Victoria.
‘‘There are a higher number of dairy farms being managed by the banks,’’ Mr Ryan said.
‘‘Since 2008 there has been a steady decline in values.’’
Mr McKenzie said: ‘‘I was really interested to see Chris’s comments because we do a lot of (valuation) work in the dairy sector and it’s not our experience.
‘‘My perception, and the long and short of it is, how sympathetic the banks have been. They’ve been patient (with people).
‘‘Now they have water and the farm gate prices are up — it’s a different phase of the cycle.’’
Mr McKenzie said while the report highlighted some farms in an irredeemable position, it was ‘‘quite the contrary’’ in northern Victoria, but he said farms that were going concerns naturally attracted more interest than those that had dried off.
‘‘We know what demand for milk is, for example the new Pactum factory in Shepparton,’’ he said.
‘‘The situation in the Western District is different; they rely more on rainfall and bore water.’’
Tungamah's police officer Haydn Smith is about to leave the beat.
Police are currently at the scene of a double fatal collision involving two cars in at the Cahill Road, Gilmore Street and Woods Road intersection in Yarrawonga.
Tatura Community House held its annual High Tea fundraiser at the facility on Tuesday, with a full-house present to enjoy a sumptuous morning tea, good conversation and relaxing time together.
CAMPASPE Shire’s animal ranger is hunting two dogs after they attacked and killed a dog walking with its owner.
Rochester Historical and Pioneer Society hosted an afternoon tea to recognise long-standing members Barrie and Flora Griffin and John and Margaret Harley.
About 7600 residents served by Goulburn Valley Water are affected by a boil-water advisory.
Scone Equine Hospital relaunches local veterinary practice.
A beauty pamper day has raised a whopping $18k to assist local lady Terri Bevan with her ongoing medical costs associated with her brain tumour
A planning scheme amendment to allow the expansion and redevelopment of the IGA supermarket at Heathcote has been approved by the Victorian Planning Minister Richard Wynne.
The second Koonoomoo Pickers and Packers Charity Ball came to town on the weekend, and was bigger and better than ever.
An exciting three-hole playoff saw Virginia Lange take a narrow win in the Deniliquin Ladies Golf Championship last Thursday.
The G-MW Murray gravity irrigation system has received 35 per cent and the Goulburn system 42 per cent of allocation from July 1.
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