Realistic Aim for the Highly Motivated

Farm ownership is still a realistic aim for highly motivated people with limited assets. It is still possible to start as a farm apprentice and eventually achieve farm ownership. Tasmania is possibly one of the few places in Australia that this is possible. In fact, despite the recent increase in land values farm affordability (after accounting for interest rates and milk prices) is similar to what it was 15 years ago.

Generally those who want to pursue farm ownership need to start acquiring assets as early as possible. Sharefarming is a popular method because it allows the sharefarmer to build an asset base through livestock while farming. Over time this asset is grown to the point where a proportion is usually sold, or the equity in the herd is used to buy land. There are other options, however. Equity partnerships are one option that is likely to become more common over time.