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Grazing land as valuable now as pre-GFC

BEEF is in demand and so is the space needed to graze them.

In a domino-like effect, current record high beef prices and a low Australian dollar are making the region's grazing land more appealing to foreign investors.

But, while the Callide Valley's neighbours are selling their property at 10-year lows, the region's local grazing land prices are holding steady, according to Biloela Ray White Rural principal Mark Simpson.

Mr Simpson said the price of grazing land was as high now as it was before the 2007 Global Financial Crisis, a positive sign for the region's industry.

"Certainty in the Callide Valley country is ranging from two to three thousand per hectare," he said.

"Larger holdings might be slightly less and smaller holding might be slightly more.

"The Callide Valley always has great strong buyer interest.

"That is like to where it was at the height of the market before the GFC."

Mr Simpson said now was a good time for buyers to move in on grazing land in the Callide Valley.

"I think it's a good time to be in the beef industry because of current cattle prices, current interest rates and the fact that we are experiencing a lower Australian dollar to the US dollar," he said.

"Current cattle prices will have an effect on land prices but it may take a couple of years before we see any substantial increase in value because, while current prices for beef are at record levels, 12 months ago prices were at the lowest since the 1974 beef depression."

But Elders Biloela Livestock Merchandiser Randall Spann said an increase in beef prices had "been coming for a little while".

"There are a few properties on the market but some are shifting and some aren't," Mr Spann said.

"I don't think property prices have a hell of a lot to do with it."


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