Dairy farm sales have slumped, new figures from the Real Estate Institute of New Zealand reveal.
The data shows 1277 farm sales took place in the year to January 2020, 14.7 per cent fewer than in the year to January 2019.
Dairy farm sales dropped the most, with numbers falling 40.3 per cent.
Real Estate Institute rural spokesperson Brian Peacocke said increasing compliance costs, labour shortages and tightening credit in the banking sector contributed to the fall in dairy farm sales.