Hi Yellowcake,Don't know about other states, but in WA, land...

Hi Yellowcake,
Don't know about other states, but in WA, land certainly didn't go for a song.
Had friends who got out of farming when the offers they got for their land[south coast , for bluegums], was 250% above the prices a year or 2 before.
Ongoing complaints of difficulty getting more land for farming, from those wanting to stay in farming, as unable to make money at these land prices.
In fact, without the pressure of MIS buying, there is a risk that non MIS land may drop in value, and may have implications for farmers balance sheets and ability to borrow for ongoing production.
Implications for bad debts for lenders, especially at the margins?
The land itself ,under forest, will take a fair amount of money to rehabilitate it for normal agriculture.
Whole mess has the potential to be very disruptive right across a number of areas.
That's not to say I'm unhappy that the MIS systems are falling apart, as the longer they went, the worse the final problems were going to be.
Had hoped that they could have gradually morphed into real agribusinesses ,from financial services companies, GFC put paid to the gentle approach.

Grateful for anybody who can point out flaws in what I've posted. I find it all a tad depressing.
cheers