date:Jul 31, 2012
at current high prices are reducing the willingness of some buyers to continue bidding agricultural land values higher, the report shows. Despite the expectation for some slowing, three factors underpin a stable growth outlook in 2012/13: Strong commodity prices, low interest rates and strong rental rates.
Commodity prices are arguably the largest driver of higher land prices; the Rabobank report shows even current harvest prices are sitting at above-breakeven levels. But, interest rates are exp