Farmland set for double-digit growth
The value of Australian farmland is set to record another year of double-digit growth, agribusiness financier Rabobank says in its annual Australian Agricultural Land Price Outlook.
The report – supported by farmland sales data from Digital Agricultural Services – says favourable macro forces are continuing to swell (agricultural) land prices in 2022, following massive growth in 2021.
The analysis of the data set comprising genuine rural sales and excluding lifestyle and non-market transactions shows agricultural land prices across the country rose by 27 per cent in 2021 (median price per hectare), with double-digit annual growth recorded across all states.
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