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Dinner in Restaurant

Farmland values in economic uncertainty

Yesterday in Melbourne, CBRE Agribusiness director Matt Childs addressed the issue during an Australian Agribusiness Farmland Values networking event.

“Compared to previous years, the volume of competition is lower, but A-grade and turnkey assets have strong appeal and are attracting good competition from qualified buyers,” he said.

Mr Childs said the point of difference was that poorer-grade assets are having trouble transacting.

“Two years ago, the gap between ‘good’ and ‘poor’ assets was narrower. That has widened because a portion of the market is sitting on its hands waiting for the right property.”

He said today buyers were compromising less.

He said buyers wouldn’t focus on the coming season; rather, the investment would be a long-term play.



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