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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>

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