Slade Brockman (WA, Liberal Party) Share this | Hansard source

I think why it's important that we should be alive to this and, quite frankly, why it should be covered in this bill, is that farmland has been valued on the basis of agricultural production for thousands of years. That has been the baseline of what farmland is worth. Here's a piece of land; how much agricultural produce can I sustainably draw from this land? We've also got a long-term process in the agricultural sector where efficiency gains and modernising and different agricultural methodologies have meant that being able to purchase your next-door neighbour has been essential to agricultural survival in the long term. I'll ask you the question, Minister: this completely changes the economic dynamics and valuation of agricultural land. By saying what you just said you're effectively agreeing with that.