Strong growth for broadacre farmland prices results in assets almost doubling since 2020
The average price of broadacre farmland per hectare has almost doubled over the last three years, increasing by 93% from 2020 to 2023. Recent growth in farmland prices has been extraordinary, and likely reflected a combination of factors including low-interest rates, recent good commodity prices and seasonal conditions, and increased demand for land in general. […]
Harvest losses caused by poorly maintained equipment runs into hundreds of millions
It’s bad news for harvester operators as a survey from the 2022/23 season has found poorly set-up rigs are losing millions in revenue – well above acceptable thresholds Harvest losses in the 2022/23 season far exceed acceptable thresholds, as shown from research measuring the scale of grain and profit lost in just one region of […]