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.’’
Dookie artist Andrew Sands gets attention with red dirt-covered ute.
The talent was truly amazing at this year’s Mulwala Water Ski Club’s Got Talent competition.
Malcolm Campbell is the new president of the Lions Club of Tatura after he was inducted by Global Leadership 201V5 chair Pat Mills at the club’s changeover dinner at the Top Pub on Saturday, July 12.
Richard McLean notched up his first win when he took part in Echuca-Moama Cycling Club's fourth and final round of the Ivan and Lorraine Collings Memorial Trophy at Lockington.
Our Lady of Sacred Heart Primary School in Elmore has received a grant which will be used to buy musical equipment for the school.
If you thought it was cold yesterday morning, you weren’t wrong!
Brigade transforms station for Christmas in July.
Despite being scheduled to play at home this Saturday, Finley footballers and netballers will instead make the trip to Blighty.
Axedale student Zara Smith has created history, raising the single largest amount raised by a primary school student in the Jump Rope for Heart event’s 31-year history.
Cobram Garden Club hosts floral art, cake and more than 40 well wishers at luncheon to celebrate its double-decade milestone.
Despite being two wins from top spot, the Rams are now in a fight to make finals.
Innovative irrigators are being encouraged to apply for a 2014 Rural Water Award and the chance to win a $2000 cash prize.
The Melbourne Scottish fiddlers return to Swanpool to raise money for local CFA brigades. Group officer Jim Ranken and fiddle player Kristin Marriott
Discover unbelievable local deals from local businesses every week in the Goulburn and Murray Valley area with Leapon.com.au!
Search properties for sale or rent across North Central Victoria and Southern NSW. Visit your local website for local homes....
Search for published and unpublished photos from McPherson Media Group newspapers and magazines. All our photos are available to purchase.
Place an advertisement in any one of McPherson Media Group's local newspapers.