Rural land is still a major property asset class and an important domestic and export market in all economies.

This paper carries out a comprehensive analysis of both rural production and rural land prices in four major rural production countries.

The study compares rural property values in Unites States, Canada, Australia and New Zealand over a period 1990 to 2005 and analyses and compares the capital return and total return performance for rural land in these four countries.

The analysis allows a comparison of farm land returns for both a subsidised and non-subsidised farming policy.