Strong prices for grain, red meat and dairy, combined with good weather and cheap debt, have sent the price of farmland in Australia soaring.
In 2020, the ABC revealed PSP, which manages the pensions of the Canadian Royal Mounted Police and its public service and armed forces, was the largest owner of water rights in the Murray Darling Basin.
"Some corporate landowners have been selling off land, and it has been really refreshing to see the family farmers expanding and buying those properties," Mr Dundon said. But Mr Craw said the ability for large corporate investors to sell off land to local buyers made Australia an attractive investment.
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