ABARES Farmland Price Indicator

The ABARES Farmland Price Indicator provides the latest estimates for Australian broadacre farmland prices through an innovative and simple to operate dashboard. The dashboard is underpinned by a robust and effective ABARES-developed method that ensures estimates are accurate and relevant. All estimates are presented in nominal face value terms and are not adjusted for inflation.

Through the dashboard users can:

  • gain valuable insights into market trends
  • access reliable information on the value of their farmland assets
  • track annual changes over time
  • make price comparisons between farming zones
  • download data for their own analysis.

Note: Where there are too few observations for the price estimates to be reliable the sample underlying in the dashboard may appear as zero.

ABARES Farmland Price Indicator Dashboard

Source: ABARES

This Power BI dashboard may not meet accessibility requirements. For information about the contents of these dashboards contact ABARES.

March 2026 update - key findings

  • Broadacre farmland prices in Australia have generally experienced strong growth since 1992, accelerating in recent years. Prices have increased in 2025, but at a more gradual pace.
  • The average price per hectare of broadacre farmland has grown at an average annual rate of 9.8% over the last 10 years
  • Over the last 10 years, strong average annual growth has been observed in the following sectors:
    • cropping farmland (14.2%)
    • beef farmland in the southern MLA zone (14.1%)
    • dairy farmland (11.8%).
  • Average annual price growth over the last 10 years has been lowest for vineyard farmland (6.4%) and sugarcane farmland (4.4%).

Data note

An adjustment to the data cleaning process has led to revisions to historical broadacre estimates (including national, state, zone, and region measures). This does not impact land-type specific estimates (e.g. hobby, cropping, dairy). The adjustment was necessary due to changes in the source data used for the estimates.

Download the data

Supporting data - ABARES Farmland Price Indicator March 2026 – MS Excel [203 KB]

Farmland holds immense economic and ecological significance in the Australian context. For most farm businesses, land is the most valuable asset. Trends in farmland prices are a major driver of business performance and growth over time.

The value of farmland plays a pivotal role in the financial portfolios and overall well-being of Australian farmers (Chancellor and Zhao 2020). Considering that over half of Australia's land mass is dedicated to agriculture, comprehending the changing value of farmland has significant policy implications for land use.

We employ a stratification method that leverages the CoreLogic land transaction data, which serves as the foundation for our calculations. Broadacre estimates employ a conservative data cleaning approach and exclude transactions below 50 hectares and non-arms length transactions (such as between family members). Transactions with missing date, price and location information are also excluded from the estimates. Details of this method can be found here: Measuring Australian broadacre farmland price: A stratification approach.

June 2025 minor update

  • Broadacre farmland prices by ABARES region have been re introduced to this latest version for regions where the volume of transactions is sufficient to generate estimates. These estimates should be used with caution as the sample size is low for some regions.
  • Total broadacre farmland value is included in this addition. To construct this estimate, total broadacre area is calculated by ABARES region as broadacre farm population multiplied by the average broadacre farm area operated. Regional level areas are then aggregated to ABARES zones. The average total broadacre farming area by zone is then multiplied by its respective average price per hectare from the ABARES Farmland Price Indicator. This approach is intended to be simple, transparent and yields a similar result to a more complicated approach using satellite data to estimate broadacre land area.

March 2025 update - key findings

  • Broadacre farmland prices in Australia have generally experienced strong growth since 1992, continuing to accelerate in recent years. Prices, however, have flattened off in the last two years.
  • The average price per hectare of broadacre farmland has grown at an average annual rate of 10.2% over the last 10 years
  • Over the last 10 years, strong average annual growth has been observed in the following sectors:
    • cropping farmland (13.7%)
    • beef farmland in the southern MLA zone (13.8%)
    • Tasmanian dairy farmland (14.1%).
  • Average annual price growth over the last 10 years has been lowest for hobby farmland (4.1%) and sugarcane farmland (6.2%).
  • The volume of broadacre farmland transactions has decreased, from 4,445 transactions in 2021, to 2,258 transactions in 2024.

Download the data

Supporting data - ABARES Farmland Price Indicator June 2025 – MS Excel [203 KB]