Generational Family Farms in New Zealand Hit the Market

Several longstanding family farms in New Zealand are now on the market, marking the end of a significant era for their owners. The decision to sell comes after the owners struggled to find suitable successors to carry on the family farming traditions.

Historic Farms for Sale

David and Elizabeth Smith’s Wendon Valley farm in Waikaka, which has been in Mr. Smith’s family since 1885, was listed for sale at the end of September. This was followed by the listing of Bill and Pam McCall’s Viewfield Farm in Waikoikoi, a property that has been in their family for 113 years. Just a week later, Allan and Noeline Smith’s Bracken Hill, located five minutes northeast of Gore, also went on the market, coinciding with its 150th anniversary in the Smith family.

Noeline Smith expressed her sadness at the decision to sell after farming the property for 60 years. She stated, “We don’t have a family member that’s ideally suited to take it over and that is a very sad thing for us.” The couple, now in their 80s, has faced challenges that have led to this decision.

According to Noeline Smith, the current state of the farming industry has made it difficult for their children to consider farming as a viable option. She noted, “We all love sheep, but you still have to have money, don’t you, to run a farm?”

Retirement and Transitioning Legacies

Elizabeth Smith, also from Waikaka, highlighted her family dynamics, revealing that she and her husband have five daughters. “Even if we did have a son, he may not have wanted to go farming either,” she said. The couple, now in their 60s, aims to enjoy their retirement, traveling and spending time with their grandchildren. Letting go of their 299-hectare property, which has been in their family since 1988, poses a significant emotional challenge for them.

“But we can’t stay there forever,” Elizabeth Smith added, reflecting on the bittersweet nature of their decision. She acknowledged the potential coincidence of several historic farms being listed for sale in the area, questioning whether it indicates a broader trend.

Peter Gardyne, who leased Bracken Hill after Allan Smith suffered a heart attack nearly five years ago, noted a positive shift in the market. He commented that current conditions make it an opportune time to sell.

The sale of these family farms not only reflects personal decisions but also underscores the evolving landscape of agriculture in New Zealand. As owners transition away from their properties, they leave behind rich legacies intertwined with their communities.