Farm land values will rise by a modest 5 per cent in 2024 – half the rate of growth of last year – Rabobank says, as a three-year agricultural boom fuelled by record commodity prices comes to an end.
Higher interest rates, a weaker financial outlook for the agricultural sector and greater climate and geopolitical risks were all factored into the agricultural lender’s latest forecasts.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
