Putting numbers to a land boom.......
Land price boom!
There has been a dramatic increase in agricultural land values in the last couple of years across
Strong cash crop prices coupled with low interest rates have fuelled this boom.
Quota of any kind is a scarce commodity, and some livestock farmers are turning to cash cropping in a serious way.
There is a concern expressed by many over the longevity of the booming prices and current interest rates.
A significant change in either one or both could have drastic consequences.
Still, farmers remain optimistic. It’s their nature.