Farmland’s good yields at 13pc in drought lure ASX punters to ag

April 9, 2020

BY Alexander Kalis

By Queensland Country Life

Despite a drought-savaged 12 months for many farmers, annualised returns on corporate-sized farming operations dipped only marginally in 2019 – down from 13.8pc to 13pc according to the Australian Farmland Index.

Major rural property marketers reported record turnover results last year as demand for farmland outstripped supply, particularly in safer rainfall zones.

Drought conditions actually helped fuel the big sales and valuation jumps, because many landholders experiencing tough seasons were reluctant to put farms up for sale, reducing the choice for buyers.

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