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.’’
Much like the 16-year-old teenager who outgrows their childhood bedroom, it’s time for Kyabram Fauna Park’s saltwater crocodile Getcha to upgrade to a larger enclosure.
Dawn Tabor 10 January 1944 – 10 September 2016
The Aboriginal and wider community is mourning the death of revered Bangerang Aboriginal elder, Uncle John ‘‘Sandy’’ Atkinson.
MELINDA Gates once said ‘‘a woman with a voice is, by definition, a strong woman’’.
OUR Lady of the Sacred Heart Elmore was a sea of colour earlier this month for Footy Colours Day.
THERE were picnics galore at St Augustine’s College recently as the school celebrated St Augustine’s Day with a whole college mass and a community picnic on the school oval.
Seymour A and B-grade in season decider
Extensive rainfall in the Southern Riverina is having a negative impact on farming.
When Pyalong Primary School does something, it does it well. Here are the students all dressed up for the school's recent Roald Dahl day to celebrate the 100th anniversary of the author’s birth on September 13, 1916.
Former Moira Shire mayor Marie Martin will be running in the upcoming council election.
Nick Caruso will compete in tumbling at the National Clubs Championships in Bendigo tomorrow.
Tuesday, August 16
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