Australia saw record farmland sales in 2021

May 06, 2022

Farmland in Australia increased by 20 percent in 2021.

By Andrew Joseph, Farms.com; Photo by Rayhan Hibatullah on Unsplash

According to an article from Australia’s Country News, CDN$14.3 billion of the country’s farmland was sold in 2021—mostly to city buyers.

With its farmland increasing by 20 percent from 202o to 2021, Australia saw some 10.8 million hectares sold for over $14 billion

As noted by the Rural Bank Australian Farmland Values report, the average national price for a hectare was CDN$6,480—with the region of Tasmania seeing the highest average at $13,468/hectare.

Those watching the Australian market suggest that farmland is being sold by an aging ag population looking to retire while the market is high. Farmland has been observed to have been purchased by urban buyers seeking entrance into a more rural landscape.

It certainly doesn’t imply that farmland is going to disappear in Australia. While unlikely that urbanites are going to take on the toil to farm the land, they certainly can lease it out to local area farmers looking to increase their own ag business.

Video: Home Grown Ontario Tulips

Ontario’s flower sector is blooming ??

With more than $1 billion in farmgate sales and over $650 million in annual exports—much of it centred in the Niagara region—Ontario growers are a major force in Canada’s floriculture industry. In fact, the province produces roughly 50% of all flowers grown in the country, serving a market of over 100 million consumers within a one-day drive.

It’s a powerful example of how strategic location, cross-border access, and strong production capacity come together to support both local agriculture and global markets ??

?? Watch as Andrew Morse, Executive Director of Flowers Canada, shares insights and the full story behind Ontario’s tulip industry and its thriving flower sector.