AgForce welcomes 60 year leases but wants to see the detail
THE Queensland Government has made it easier for almost 3000 rural producers to automatically renew their leases with 60-year rolling tenures.
And it has hinted at a potential for easier upgrades to freehold leases, but industry experts want to see the details.
"The announcement is welcomed by industry," AgForce central Queensland regional president Peter Anderson said.
"It gives them more security over their leases and they don't have to go through... arrangements which were quite onerous, but industry is really waiting for the detail that needs to come."
Mr Anderson said there was a large number of term leases coming up for renegotiation and he hoped the details for pathways to obtaining freehold status were released soon.
"A lot of the grazing country in the west is term lease and the rent for those leases is capped at an annual increase of 20%," he said.
"It's an unsustainable cost rise and the cap comes off at 2017 which means prices could go through the roof."
Mr Anderson believes making freehold achievable for primary producers will ultimately reduce costs, and give landholders security of tenure to ensures the land has good custodians.
Some of the issues involved in freehold tenure are native title and the re-surveying of land.