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Farms in the sight of buyers as thousands of farmers approach retirement

Young farmers seem to be showing a renewed interest in beef and sheep farms with a more positive outlook in the agricultural sector.

  • Approximately 17,000 farms set to change hands in next decade, worth $150 billion.
  • Average farmer age in sheep/beef sector: 50 years, many nearing retirement.
  • Banks more willing to lend to young farmers due to industry's profitability and favorable rates.