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Australian Farmland Values

Understanding farming’s most valuable asset is important to everyone in agribusiness, especially Australia’s farmers. 

Cover of the National Farmland Values Report 2021.

Australian Farmland Values 2021 report

Understanding the value of farmland is important to everyone in agribusiness, especially farmers. The Australian Farmland Values report tells the story of national and regional farmland performance.

Despite the impact of COVID-19, Australian farmland values showed their resilience. The median price per hectare of Australian farmland increased by 12.9 per cent in 2020. This marks the seventh consecutive year of growth, bringing the 20-year compound annual growth rate (CAGR) to 7.6 per cent. Keeping in line with the long-term trend, we expect farmland values will continue to rise.

The 2021 report takes a closer look at more than 263,000 transactions over 26 years. Transactions that account for 315.9 million hectares of land and a combined value of $167.3 billion. Understanding the significance of local data, we've also looked at trends across 27 regions nation-wide. And in a new addition to this year's report, we've compared farmland values with commodity prices.

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Rural Bank recognises the importance of relevant information to enable sound business decision-making. To view our other reports please visit our Publications page. You can also receive reports direct to your email by subscribing to Rural Bank Insights.

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