Australian Farmland Values Expected to Slow After Decade-Long Growth

An agribusiness expert said that a firm but not rampant demand along with ongoing constrained supply will hold farmland values near current high levels.

A tractor and a field bin are seen at a farm in Western Australia on March 24, 2024. Susan Mortimer/The Epoch Times

The upward trend of Australian farmland values are slowing down after marking its tenth year of continuous growth, as revealed in the 2024 Rural Bank Australian Farmland Values report.

The national median price for Australian farmland rose by 201 percent at a compound annual growth rate (CAGR) of 11.6 percent over the past decade, surpassing the 20-year CAGR of 8.4 percent.