How to Value Rural Land

Often, the value of your property, usually you biggest asset, determines your wealth and profitability and also your attractiveness to lenders. This is particularly the case with broadacre farmers. While for small farmers, the ongoing value of their land may not be such a critical issue, it should not be ignored.

Peter Austin is one of Australia's most respected agricultural journalists. His property columns in The Land newspaper are required reading by farmers who want to keep on top of land values.

We discuss with Peter the impact the growth of the small farming sector has had on property values, how broadacre farmers value their land and what real estate agents look for when they put a price on a block of ground.