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CBA sees ag lending at record highs as farmers seek more gear and land | The Land



Fast rising rural property values, record low interest rates and the federal government’s instant asset depreciation write-offs have fuelled a farm sector buying spree not seen for years says the Commonwealth Bank of Australia.

Healthier landholder debt to equity ratios, courtesy of higher land valuations, are giving farmers the confidence to start borrowing and buying again.

After a year of much improved seasonal conditions in many regions, plus robust prices across most crop and livestock categories, farmers are feeling emboldened to splash out and expand their landholdings, upgrade machinery or build sheds, silos and stockyards.

CBA’s agribusiness and regional banking executive general manager Grant Cairns pointed to record high…

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