THREE years of good financial performance for Australia's farm sector is poised to fuel double-digit percentage growth in land prices for the year ahead, according to an annual outlook.
Agribusiness banking specialist Rabobank's Australian Agricultural Land Price Outlook said the strong performance was driven by high commodity prices and good weather conditions for the majority of the country.
The bank’s analysis – which comprised genuine rural sales and excluded lifestyle and non-market transactions – showed agricultural land prices across the country rose by 29 per cent (median price