New figures show farmers around Canberra western fringe paid in many cases less than $100,000 for their land since 2001, land they are now selling back to the ACT government for many millions of dollars. The Carnell government allowed rural leaseholders to convert their properties from 20 or 50 year leases to 99 year leases, which many did in the early 2000s. Since late 2015, at least six farmers have sold their land back to the Land Development Agency.
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