Will COVID-19 push farmland prices down?

Will COVID-19 push farmland prices down?

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SA rural property agents remain optimistic that farmland values will hold up despite the coronavirus outbreak. Do you agree?

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SA rural property agents remain optimistic the coronavirus outbreak will not send farmland values tumbling.

Landmark Harcourts SA rural real estate manager Simon McIntyre said the fundamentals had not changed despite COVID-19 concerns, with solid demand for most rural commodities, record low interest rates and a lack of property listings.

"We are in the business of producing food products - whether it is from cropping land or livestock - they are all an essential element which has been proven in recent weeks," he said.

"We just need some opening rains in April, if we can get a return to a normal season and element of normality back into the ag sector the market will continue along."

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