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.’’
Shepparton Netball Association's All Abilities competition finished on Saturday with the grand final after a season full of fun and games.
In a day made for football at the sun-bathed Lavington Sports Club Oval the 2015 Yarrawonga Under 16 Pigeons showed their class with a comprehensive victory in the AWJFL Grand Final against Wodonga.
Saturday, August 22 saw the Harston Memorial Hall packed to capacity for the annual Reg Poole Concert.
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Young Bombers pull off last quarter comeback to win under-16 premiership.
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Berrigan public decides drainage works location
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Cobram Barooga leaders and tourism operators have welcomed the launch of a new tourism strategy focusing on events, which aims to attract more people to the Murray River.
Cancer claims one of its fiercest combatants.
Water allocations were increased in the Goulburn-Murray Water region today.
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