Farmland in Australia increased by 20 percent in 2021.
By Andrew Joseph, Farms.com; Photo by Rayhan Hibatullah on Unsplash
According to an article from Australia’s Country News, CDN$14.3 billion of the country’s farmland was sold in 2021—mostly to city buyers.
With its farmland increasing by 20 percent from 202o to 2021, Australia saw some 10.8 million hectares sold for over $14 billion
As noted by the Rural Bank Australian Farmland Values report, the average national price for a hectare was CDN$6,480—with the region of Tasmania seeing the highest average at $13,468/hectare.