Property prices. A perennially hot topic of conversation in agriculture and one that has been of particular interest over the past five years with fierce competition between corporate investors and cashed-up farming families buoyed by record commodity prices.
Rabobank has recently reported that agricultural land prices across the country rose in 2021 by 27 per cent, with double digit annual growth recorded in all states. Preliminary data for 2022 indicates growth of above 25 per cent so far this year, suggesting full-year 2022 sales will easily yield double digit growth. The…