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B&B accommodation varies enormously from sumptuous, purpose built boutique "lodges" to quite modest private homes. All B&B's usually accommodate just a small number of guests.
Similar in many ways to a full Bed & Breakfast, Homestay accommodation is more like going to stay with friends. You can expect a bedroom, often with private bathroom facilities, in your host’s home.
Farmstay accommodation is often a "Homestay" on a farm where guests also get an opportunity to see something of real farm life in New Zealand. Many farmstays either offer an evening meal with the hosts or allow guests to use the farm kitchen to cook their own.
Hosted self catering accommodation is perhaps best described as a "mini motel", being a fully self contained and self catering, annex or cottage located in the grounds of your host’s home, or at least very nearby.