Farm owners cash in on surging prices
Farm owners cash in on surging prices Share The value of Australian farmland jumped almost 13 per cent in the past year and continues to climb because of better seasonal conditions, strong commodities prices unaffected by China’s trade sanctions and low interest rates. Prices were up by 12.9 per cent year-on-year to $5907 a hectare across Australia and, for the first time in 15 years, increased in all states and the Northern Territory. Harvest time on a Lawson Grains farm in NSW. The number of properties hitting the market also increased in 2020 after a widespread break in drought, defyin...
Source: afr.com