AUSTRALIAN farmland values have plateaued following a sustained period of strong growth, with the median price up just 0.1 per cent in the first half of 2023 compared to the first half of last year.
Farmland values plateau as demand declines. Picture Mark Saunders.
In its mid-year update on Australian farmland values, Rural Bank said a sudden and sharp decline in agricultural commodity prices during the first half of 2023, combined with the expectation of drier conditions...
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