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.’’
A fire truck has lost two of its back wheels on the Goulburn Valley Highway
The Ovens & Murray qualifying final between Yarrawonga and Lavington on Saturday left spectators talking more about the standard of umpiring than the two competing teams.
Greater Shepparton City Council was successful in securing the National Cutting Horse Association Victorian Futurity Cutting Horse Championships for 2014 and 2015, with this year’s event scheduled from September 10-14 at Tatura Park.
Police Association slams secret roster trial.
District hotels and businesses may change rosters with penalty rates for casual employees on Sundays set to be cut.
Students visit local businesses for reading lessons
Bottle thrown at Jason Cole in bitter aftermath to Seymour-Benalla game on Saturday.
A truck driver is lucky to be alive after crashing into a Jerilderie home yesterday morning.
Chef and co-owner of Heathcote’s Willow Room Brent Loam is thrilled with the listing in the 2015 Age Good Food Guide
Cobram kids learn about health with hospital as state-wide obesity campaign is launched.
TRUCKtalk magazine all the rage with local truck drivers.
A few anxious customers were outside the closed gates of the failed Bee-Jay Machinery business on Goulburn Valley Hwy in Shepparton on Tuesday morning, wondering what would become of deposits they had paid for tractors and other machinery.
An unknown sum of money was stolen from Benalla Golf Club this morning after thieves broke into its gaming room.
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