07-04-2014 02:17 AM | Australia

Australian farmland among world's best

The values of farmland worldwide have increased by an average of 20 per cent per year since 2002 with Australia not far off the pace, according to a new report.

The Global Farmland Index, created by Savills research in London, documented the extraordinary annual growth with the best results coming from the emerging markets where major improvements in infrastructure fuelled farm productivity.

Australian farmland recorded ­annualised growth over that time of about 15pc, behind New ­Zealand at about 17pc. The two countries were the best of the advanced economies.
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