Value of SA farmland continues to grow

There’s good news for local Eyre Peninsula farmers, with new figures revealing the value of farmland in South Australia continued to grow last year.

The median price has increased 23% to just over $7,300 per hectare.

Across the country, a total of 8.8 million hectares of farmland was traded across the country with a combined value of $11.7 billion.

Head of Agribusiness Development at Rural Bank, Andrew Smith, says the impressive figures highlight the strength of Australian farmland as an emerging asset class.