THE big competition for farmland that has pushed grazing property prices to record levels in many regions has come primarily from existing producers looking to expand.
They’re confident in the ongoing strength of livestock markets courtesy of growing global demand for red meat, and have faith in continued productivity improvements.
Those two factors are the key long-term drivers of agriculture property price growth and beef is a standout achiever on both fronts.
This from Elders’ head of agribusiness investment services Mark Barber, who said the red meat industry was in great shape and that was being reflected in livestock property prices.
The predicted post-drought increase in properties coming onto the market has not eventuated, he…