abc.net.au/news/australian-farmland-values-surge-rural-bank/102350560Price growth for Australian farmland continues to outpace the residential property market and the stock market, according to Rural Bank's latest analysis.The median farmland value sits at $8,506 per hectareIn 2022, the national median price per hectare for farmland hit $8,506, a 20 per cent annual rise.
"Farmland performed really well, and has been for some time," Rural Bank's head of agribusiness development, Andrew Smith, said. In recent years, rural agents and lenders have attributed the skyrocketing price of farmland to a combination of low interest rates and high commodity prices. Strong commodity prices and high production have combined with low interest rates in 2022 to drive up farmland values.