Generational Opportunities, Palmerston North
Tender 25 February 2026
2369 ha
+24
+23
Generational opportunity
This is a generational opportunity to acquire one of New Zealand's leading large scale dairy operations - a business running 5,250 cows, producing 2,288,760 milk solids across 2,369 hectares and a forecast of 2,530,000 milk solids for the 2025/26 season. A fully integrated, medium input, grass-based system, this business is built around six high performing dairy farms - Blythe, Grandbend, Te Marama, Tokomaru, Tollbridge and Waihora, supported by the Tahuna dry stock unit. Strategically located across the wider Manawatu and Rangitikei, the portfolio offers strong environmental attributes, proven output, and substantial development upside. The operation is largely self contained, delivering total control inside the farm gate. It is run by a highly capable and stable team, with 33+ staff and a full operating management. Many of the employees have long tenure, and the management structure is already in place for a seamless transition. Infrastructure development plans have been prepared to further enhance ease of management, support staff retention and lift on-farm performance - providing new owners with a clear pathway to future growth. This is a business that ranks its performance into the top 20% profitability. The properties are offered for sale either in their entirety as a complete large scale operation, as clusters or individually and are initially being marketed through non binding expressions of interest. A rare chance to secure scale, performance and potential - a once-in-a-generation farming opportunity. Non binding expression of interest closing 11am, 25/2/2026.
Generational Opportunities, Palmerston North
Web ID
FR218384
Land area
2369 ha
Tender (will not be sold prior)
Wednesday, 25 February 2026, 11.00am
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Tollbridge presents a well balanced mid sized dairy operation with strong soil types, reliable irrigation and modern infrastructure supporting efficient farm management. Located close to town and offering additional leased land, this property delivers both security and flexibility. Key features: •201 ha freehold with an additional 40 ha transferable lease, providing a practical and efficient farming footprint •Irrigation security: 100 ha irrigated, supporting consistent pasture growth •Production and capacity: Peak milking 620 cows Producing 283,255 kgMS for the 2024/25 season, currently 5.7% up on last year, targeting 307,000kgMS for 2025/26 246 cows winter milked •Infrastructure: 500 cow feed pad and well designed loadout yards 40 aside herringbone cowshed providing efficient daily milking New Kliptank effluent pond •Accommodation: Two houses, suitable for staff or family living •Land and location: Good balance of soil types across the property Strong proximity to town, providing convenience for labour, schooling and services Combining irrigation, modern infrastructure and reliable production, Tollbridge is a capable and well rounded dairy operation offering strong value and long term farming security. Non binding expression of interest closing 11am, 25/2/2026.
Tender 25 February 2026
Waihora is an exceptionally well presented, high performing dairy enterprise featuring a simple, efficient layout, strong soils and a proven history of excellence. With long term management in place, high fertility and substantial scale supported by long held lease land, this property offers reliability and premium performance just five minutes from Palmerston North. Key features: •Efficient layout and quality land: Flat contour with excellent access across the property Free draining silt loam soils High standard pasture renewal supported by summer cropping and strong fertility •Infrastructure: Well maintained 60 bail rotary dairy with automatic cup removers and auto drafting Efficient, compliant effluent system •Proven management: Long term on farm management team in place for the past five years 2018 Winner - Dairy Business of the Year, reflecting excellence in systems, performance and sustainability •Scale and production: 267 ha freehold plus 92 ha transferable lease (in place for 15+ years) Peak milking 1,000 cows Producing 435,421 kgMS for the 2024/25 season, currently 7.4% up on last year with target of 461,000kgMS for 2025/26 326 cows winter milked •Accommodation: Three houses on the freehold land plus attached singlemans quarters One house available on the leased block With a track record of award winning performance, modern infrastructure and high quality soils, Waihora stands out as a premier dairy operation with the systems and scale to deliver exceptional results. Non binding expression of interest closing 11am, 25/2/2026.
Tender 25 February 2026
Blythe Farm offers a productive, well located dairy operation with the added benefit of development potential and secure irrigation. With highly fertile soils and the option to integrate 20 ha land (owned but currently grazed by neighbouring farm within the group), this property provides flexibility for growth or alternate land use. Key features: •Land and infrastructure: 278 ha total freehold with 245 ha milking platform Highly fertile soils with potential for alternate land uses 44 aside herringbone cowshed 21 ha available to add to the operation •Development potential: Opportunities to further enhance scale, efficiency or diversify land use •Irrigation security: Three centre pivot irrigators Long term consent through to 2038 •Additional land option: 20 ha of owned adjacent land (grazed by Tokomaru Dairies) available to be incorporated, increasing scale and flexibility •Strong production: Peak milking 735 cows Producing 327,079 kgMS for the 2024/25 season, currently up 19.6% on last year with a target of 350,000kgMS for 2025/26 With secure irrigation, fertile soils and options for expansion, Blythe Farm represents a versatile and future focused dairy opportunity with significant upside. Non binding expression of interest closing 11am, 25/2/2026.
Tender 25 February 2026
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