Generational Family Farms in New Zealand Listed for Sale

The sale of long-standing family farms in New Zealand’s South Island reflects a significant shift in agricultural ownership. Several farms with deep historical roots are being put on the market as owners face the realities of succession.

Historic Farms Available for New Ownership

At the end of September, David and Elizabeth Smith listed their Wendon Valley farm in Waikaka, a property that has been in the Smith family since 1885. The decision comes after the couple struggled to find a suitable successor among their five daughters. “We can’t stay there forever,” Elizabeth Smith stated, expressing the bittersweet nature of their decision.

Shortly after, the McCall family placed their Viewfield Farm in Waikoikoi on the market, marking the end of a 113-year legacy. Bill McCall noted that the changing nature of the farming industry has deterred their children from taking over the family business. “We all love sheep, but you still have to have money to run a farm,” he explained, highlighting the financial challenges that have led to this generational shift.

In the following week, Allan and Noeline Smith announced the sale of Bracken Hill, a property that has been in their family for 150 years. Noeline Smith, who has farmed the land for over six decades, shared her sadness about the situation. “We don’t have a family member that’s ideally suited to take it over and that is a very sad thing for us,” she remarked.

Challenges in Modern Farming

The Smiths, both in their 80s, cited the difficulties of modern farming as a reason for their decision. Noeline Smith mentioned that during various farming conferences, they received advice against passing the farm to individuals who lack the necessary dedication or interest. “If you haven’t got somebody within the family that’s ideally suited for it, do not leave it or encourage them to take it on,” she said.

The changing dynamics of the agricultural landscape have contributed to this trend. Many family farms, which have been staples in their communities for generations, are grappling with declining interest from younger family members. The McCalls’ experience echoes this sentiment, as they noted that their children are pursuing other career paths due to the pressures and challenges within the industry.

Peter Gardyne, who leased Bracken Hill after Allan Smith’s heart attack nearly five years ago, believes the current market conditions are favorable for selling. He noted that the market has improved compared to previous years, making it a strategic time for owners to transition their properties.

As these farms transition to new ownership, they reflect not only the personal stories of the families who have stewarded them for generations but also the broader challenges facing agriculture in New Zealand and beyond. The future of these historic farms now lies in the hands of potential buyers who may continue their legacy or reshape their purpose altogether.