Australia Records Significant Growth in Farmland Prices in 2022
Australian farmland values rose for the ninth consecutive year in 2022 due to strong demand and robust performance of the agriculture sector. According to the latest report by Rural Bank, which specialises in financial services for farmers, the national median price of Australian farmland jumped 20 percent to $8,506 (US$5,652) per hectare in the past year. In contrast, the average ...
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