A package of four North Otago dairy farms, which last season produced about $8.5 million of milk, is up for sale.
The portfolio encompasses four stand-alone dairy farms - Pleasant Creek, Kauroo Flats, Kinloch and Incholme - about 15km southwest of Oamaru, owned by Oamaru-based Borst Holdings Ltd, which is 100%-owned by Robert Borst.
Together, the 992ha produced 1.41 million kilograms of milk solids last season from a herd of 3380 cows.
"This collection's one of the largest private dairy-farming portfolios to have come on to the market since the Crafar and McVitty portfolios some seven years ago," Bayleys salesman Kurt Snook said.
The farms could be bought individually or together, with offers open until December 15, he said.