Farm sales and prices inch down in three months to June on year

Mon, 17 Jul 2017

By Rebecca Howard July 17 (BusinessDesk) - The number of farms sold in the three months inched down on the year as did the median price per hectare for all farms, pointing to a softening tone in the rural real estate market, the Real Estate Institute said. There were 459 sales in the year ended June 2017, 13 fewer than the same period a year earlier, or a decline of 2.8 percent. The median price per hectare for all farms sold in the three months to June 2017 was $25,992 versus $26,361 in the same period a year earlier, a decline of 1.4...

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