Land values in northern Australia have fallen 20/25%; valuations in line with productivity

Wednesday, March 27th 2013 - 21:07 UTC

Full article 5 comments

Land values in northern Australia have fallen 20-25% since the global financial crisis of 2008, and will continue to fall until valuations are in line with productivity. Meanwhile, says Ross Copland, the Alice Springs-based director of Integrated Valuation Services, the curtailing of live export sales that began in 2011 has flipped perceptions of Territory pastoral productivity. Read full article

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redpoll
Oz just wakeing up to the fact that cattle traceability is important?'
Mar 29th, 2013 - 01:40 am - Link - Report abuse 0
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Frank
Nope...had that for quite some time.... with the electronic ear tags.... and a shed load of paperwork to send off with any cattle you sell. Tail tagging came in 39 years ago.

I can't understand why land values up there haven't always been linked to cattle prices. There is nothing else to put a value on the land up there ... unlike SE Australia where the proximity of big towns or cities can distort land values.

NZ dairy farm values always follow milk prices.. makes sense to me.
Mar 29th, 2013 - 11:07 am - Link - Report abuse 0
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redpoll
My commiserations on the paper work!
We in Uruguay have to do it too.
Land values here used to be linked to cattle prices with a good camp being worth just over the value of 500kg fat steer or a fat cow for the poorer land. Now it seems to be based on its aptitude for soya cultivation or foresty and you need four steers to buy a hectare of good land today
Stocking rates have been traditionally 0.75 cattle units per hectare though thats improving. The stock rates on the big farm sale up in Northern Terretory mentioned in the article must be pretty low.
I am quite happy with my farm here in Uruguay but its always interesting to know how our competitors are doing
Mar 29th, 2013 - 02:18 pm - Link - Report abuse 0
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Frank
That sounds like similar country to North East Victoria.... the bits of Uruguay that I have seen look much the same. I run a cow and calf per 2 hectares. We have a average 760mm annual rainfall but I have seen it is high as 1300mm and as low as 330mm.

Not sure what the stocking rates are like on those places in the NT but yes it would be fairly light. The main reason for the drop in prices of live exports was trouble with Indonesia. It came to light that the slaughterhouse practices there often left a lot to be desired and after a big outcry in Oz exports to Indonesia were banned for some time. They still aren't back to what they were.
Mar 29th, 2013 - 03:05 pm - Link - Report abuse 0
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redpoll
Thanks Frank
As a councillor on a World Cattle Breed Society I have had a lot of discussion with my Aussie colleagues of getting our cattle breed genetics into the top end particularly the Kimberleys. I think the half bred Zebu cross Senepol would do very well up there
Yes I heard about the probs with Indonesia
We have an average 1500 mms here but it varies a lot
OMG, I have now given a clue to my screen name. The trolls are going to have a feast
Heres looking at you and may all your calves be fat
Mar 29th, 2013 - 04:19 pm - Link - Report abuse 0
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