Farm land price growth to ease to 5pc in 2024 as rural incomes fall
Larry SchlesingerReporter
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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