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Property value boost for sugar farmers
17 Sep 2007
Property values are holding up for Queensland cane farms despite prices for sugar falling by 30 per cent in the past year. The price per hectare for cane properties in the Burdekin region has risen by almost 40 per cent. The chief executive of Canegrowers Australia, Ian Ballantyne said that there are a number of reasons that cane farms were holding their values. "There is still a level of confidence in the sugar price internationally and Australia is one of the most efficient producers in the world. This puts it in a good position to take advantage and this also potentially helps property assets retain good values," he said.
Financial Review, 17/09/2007
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