- Location
- NSW, Newstralya
Out of interest. What would a typical land rent charge be for a cropping farm in your area?
to be honest, I really have no idea
traditionally, it used to be around 4% of land value, but I have no idea of commercial rates now
most “rental” properties here are large areas, owned by entities such as North American superannuation funds or such like corporations & generally leased by very large family farming businesses or corporate Ag
I know one bloke near Narrabri who was leasing a block ( 100 % arable ) from Westchester & paying $1million a year for it, but I can’t remember how big it was, so that’s not much help
I do know he had at least 3 years in a row where he didn’t plant a crop, because it was too dry