An Invercargill legal firm handled $300 million in Mooving Day transactions this year – the busiest it has been since 2008. That is one firm in one province. Others are however warning that the number of farm transactions handled on June 1, Moving Day for farmers, shareholders and contract milkers, may in fact be a sign that some have left the farming industry completely. Southland law firm AWS legal says it processed 60 mooving day transactions, worth over $300m this year. The firm hasn’t seen numbers like this in 14 years. Partner Toni Green says many of the transactions are farmers expanding and buying new blocks of land, and there was an increase in the number of sharemilkers buying their first farms. But Southland Federated Farmers sharemilker section chairman Jason Herrick says the big number of transactions could be a sign that staff shortages and increasing Govt regulation are causing people to move on. He says he has interviewed a few sharemilkers who are getting out while they are still young so they can start another career because of the uncertainty going forward.
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