Australian farms are heading into 2009 with surprisingly strong levels of equity, according to ABARE.
ABARE’s chief commodity analyst, Jammie Penn, said that about 55pc of broadacre farms entered this financial year with equity levels greater than 70pc and a positive income.
About a third have high equity levels, but negative income levels, with the remaining 14pc evenly split between those with low equity and a positive income, and low equity and negative income.
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