ABARES has expanded the Farmland Price Indicator to include a new series of experimental estimates by farmland type. Source: Timberbiz
Users can now access and download specific information for beef, dairy, cropping, forestry, orchard and even hobby farmland type via the ABARES Farmland Price Indicator dashboard.
ABARES Executive Director Dr Jared Greenville said the estimates, based on primary land use at the time of sale, reveal some noteworthy findings.
“We can see how historically high dairy prices over the past three years have flowed through to dairy farmland prices,” Dr Greenville said.
“Forestry farmland prices have risen by over 75% between 2019 and 2023 – but this farmland type still remains at the lower end of the estimates we generated.”
Farmland prices are important in helping better understand farm business performance and growth over time, and the ABARES Farmland Price Indicator provides this vital information in an easy-to-access and statistically robust platform.
Users can:
- gain valuable insights into market trends
- access reliable information on the value of their farmland assets
- track annual changes over time
- make price comparisons between farming zones
- download data for their own analysis.
