New Zealand Dairy Statistics 2010-11 - LIC
New Zealand Dairy Statistics 2010-11 - LIC
New Zealand Dairy Statistics 2010-11 - LIC
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Prior to 1992 the average price per hectare fluctuated considerably, in both real and nominal terms. The average price per hectare rose steeply<br />
from 1992 to 1995 (see Graph 5.2). Between 1995 and 2000, the average price per hectare decreased. However, this trend reversed decisively<br />
in 2001 peaking in 2008 where the average price per hectare was $35,143. <strong>Dairy</strong> land prices have declined 16% over the last two years. These<br />
figures are based on the calendar year (Jan-Dec), as opposed to the dairy industry season (Jun-May).<br />
Graph 5.2: Trend in dairy land values (price per hectare) for the last 20 years<br />
42<br />
Dollars (000)<br />
40<br />
35<br />
30<br />
25<br />
20<br />
15<br />
10<br />
5<br />
0<br />
1991<br />
1992<br />
1993<br />
1994<br />
1995<br />
<strong>New</strong> <strong>Zealand</strong> <strong>Dairy</strong> <strong>Statistics</strong> <strong>2010</strong>-<strong>11</strong><br />
1996<br />
1997<br />
1998<br />
1999<br />
2000<br />
2001<br />
2002<br />
2003<br />
Year<br />
Inflation adjusted Nominal dollars<br />
2004<br />
2005<br />
2006<br />
2007<br />
2008<br />
2009<br />
<strong>2010</strong>