It is two markets at work at present. One is the investment market "Buy In Gloom sell in Boom." The other is the make it work or practical cattle market where you need a farm to like a tractor to work the land effectively. At present there is no profit to be had only huge losses in the beef cattle industry ask any accountant. We clearly cant compete with other countries selling beef as 90% of them subsidize thier industry because they want to keep their industries alive as obviuosly the Australian Government doesnt give a toss about ours. Land prices are only held up by people from overseas wanting to park thier cash somewhere. So it is a good and bad thing as land has no relation to productivity and the good thing it saves farmers from absolute ruin (they might be able to borrow more bridging finance never ever being able to pay off the increasing debit). In summary watch the two markets there is a balnce going on but if overseas interest fails we are doomed for a crash in rural property unless it is about 100 acre min. plots that avoid GST taxes then we could create rural suburbs more to which way it is heading, minifarm change?