The farm produced 121,214kg of milksolids last season and the sale of the 103ha property includes the land, buildings, machinery, about 1000 milking goats and 117,903 Dairy Goat Co-operative (DGC) shares.
The freehold farm is on mostly flat land and comprises three titles. The hub is a 100-bail rotary milking shed, four large housing sheds and a large implement shed with all the necessary machinery to run a cut-and-carry farming operation.
“This is a well set-up farm with a steady income. It will be of interest to serious investors,” Mike Fraser-Jones of Bayleys said.
“DGC is one of New Zealand’s leading dairy exporters and has consistently delivered top returns to its shareholders, and payments to suppliers have been about $18 per kilogram of milksolids in recent years.”
DGC goat milk is used in infant formula and DGC products are sold in more than 20 countries.
“Because existing shareholders are meeting the current increases in demand, the only way to enter the co-operative in the short to medium term is to buy an existing farm.”
The farm infrastructure includes:
- 43 paddocks with 28 in the main block and 15 in the secondary block
- A minimum of 900 milking goats, 260 kid does and 25 kid bucks
- A dairy shed with De Laval plant and yard with capacity for 550 goats
- Four housing sheds and three implement sheds
- Four meal silos, a shavings bunker and two gable barns for hay storage
- A shallow bore pumping to two 30,000-litre tanks
- More than 20 pieces of quality machinery including loaders, tractors and wagons.
The hub of Corganix Dairy Goats is a 100-bale rotary milking shed surrounded by four large housing sheds and a large implement shed.
Also included in the sale are three dwellings and two accommodation units.
The main farm house is a renovated 1930s weatherboard three-bedroom home, with spacious living areas and modern kitchen with a Smeg wall oven and Miele dishwasher.
The second house is a 120-square metre three-bedroom home with double garage that was built in 2006 while the third is a renovated weatherboard three-bedroom home that was moved on to the farm in 2013.
The farm itself is well situated in the middle of one of NZ’s most prosperous dairy farming areas, with three dairy processing plants and three meat processing facilities nearby, including Silver Fern Farms.
The farm is served by the nearby township of Te Aroha while the Hamilton CBD is less than an hour’s drive away, and Morrinsville just 26km away.
It also sits against the backdrop of the towering Mount Te Aroha and the expansive Kaimai-Mamaku Forest Park, both of which are popular with tourists, trampers and mountain bikers.
Farming goats provides competitive gross margins compared to other farming operations.
Goat milk infant formula accounted for more than 7% of NZ infant formula exports last year and experts expect significant growth in the years ahead. Demand in markets such as China has more than doubled each year.
Tenders close at 2pm on Wednesday, November 23.
• For more information contact Mike Fraser-Jones on 027 475 0680.
