THE average price of Australian broadacre farmland per hectare has almost doubled over the last three years, increasing by 93 percent from 2020 to 2023, a new report from the Australian Bureau of Agricultural and Resource Economics says.
Jared Greenville
ABARES executive director Dr Jared Greenville said recent growth in farmland prices has been extraordinary, and likely reflected a combination of factors including low interest rates, recent good commodity prices and seasonal conditions, and increased demand for land in general.
“Farmland is often used to secure lending, so increases…
