horticulture

Farmland returns up 15.9pc as hort, broadacre values defy dry

13 March 2018

Andrew Marshall, The Land
13 March 2018

Strong demand for permanent cropping properties – notably avocado, citrus and nut orchards – fuelled an 11.3 per cent jump in land values monitored by the Australian Farmland Index in 2017.

General inquiry for key broadacre grazing and cropping country and land for tablegrape production also contributed strongly to the climb in valuations, which followed the previous year’s solid 9pc rise.

Near historic highs in horticulture, wool and sheep markets are underpinning buoyant land values in productive farming areas where some of Australia’s big agricultural investors have put down roots.

However, 2017’s particularly hot, dry and patchy seasonal conditions eroded overall returns on investment performances recorded across the 60 investment sector properties assessed for the national index.

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