RABOBANK’S Australian Agricultural Land Price Outlook predicts Australian agricultural land is on track for another year of strong price growth in 2023.

The report, supported by farmland sales data from DAS (Digital Agricultural Services), said three consecutive seasons of good financial performance for Australia’s farm sector - driven by high commodity prices and good weather conditions for the majority of the country - is set to once again fuel “double digit” percentage growth in agricultural land prices for the year ahead, albeit easing from the record near-30 per cent increases seen in both 2022 and 2021.