Farmland value growth stalls

Farmland value growth stalls

Australian farmland values reached an inflection point in 2023, with the median price for the first half up just 0.1% YOY according to Rural Bank’s Mid-Year update. It’s a sharp contrast to trends in the previous half-year periods, which featured median price growth...
Farmland value growth stalls

2022/23 Victorian dairy profits lift

According to the 2022/23 annual Dairy Farm Monitor, average profitability in Victoria reached its second highest in 17 years in real terms, as 96% of respondents recorded a profit across Victoria. All regions in Victoria experienced challenges with higher input costs...
Farmland value growth stalls

Coles raises retail milk price

Coles has lifted its own-brand milk prices by 10c to $1.70 for one litre of milk and $3.30 for two litres due to “ongoing cost increases in the supply chain.” A spokesperson said the supermarket was aware of the increased cost-of-living pressures faced by its...
Farmland value growth stalls

Australian prices ease

The consumer price index data with rose 4.9% in the 12 months to July 2023 according to the Australian Bureau of Statistics, down from 5.4% in the 12 months to June. Housing (+7.3%) and food and non-alcoholic beverages (+5.6%) contributed to the annual increase, while...
Farmland value growth stalls

Water prices affected by weather outlook

Water allocations in the southern Murray Darling-Basin finished 2022/23 at the highest level in 16 years, with most major entitlements at or near full allocation. In the June quarter, allocations traded below $0 per megalitre, but have since bounced back ahead of the...
Farmland value growth stalls

Farmers rejoice as retail milk prices rise

Retailers have hiked prices for milk with prices rising to $6.50 for a three-litre milk at some retailers. Years of offering home-brand milk at $1 per litre ended in 2019 when Woolworths lifted home-brand milk prices by 10c per litre, promising to give the extra 10c...