Capital values for orchards and vineyards plunged more than 18 per cent in the 2024 calendar year, the result of poor commodity prices and higher costs for some crops, according to the ANREV Farmland Index.
The poor returns from permanent farmland including horticulture delivered income growth of just 0.78 per cent annualised and sent total returns for all forms of farmland to negative 3.81 per cent for the past year.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
