My friend Trevor Johnston has a great ability to succinctly communicate in his regular ”Cotton Wires”. People often ask me about agricultural land values. But I am an out of touch “has-been”. I liked the clarity of this-
Australian farmland values continued to grow rapidly in 2021, with the national median price per hectare increasing by 20 per cent to $7,087 per hectare. The increase in values is a product of high agricultural commodity prices, favourable seasonal conditions, and low interest rates. An increasingly challenging operating environment driven by higher input costs, supply chain challenges and rising interest rates may see market sentiment begin to cool over the next six months.
I recently heard a leading land sales agent state that the interest rate factor is by far the major contributor to the the increase.
David Boyd's Blog 