Tynedale: Land value at record high
Published at 07:40, Wednesday, 23 January 2013
DESPITE another poor harvest, farmers are sitting pretty, with the value of farmland at a record high.
The average value of English farmland reached £9,100 per acre last year – a rise of five per cent, which follows a 14 per cent increase during 2011.
Both bare and equipped land values are at historic high levels.
Land agents Smiths Gore said bare land values had risen strongly, by a total of 17 per cent over 2012.
“By comparison the performance of equipped properties was weaker in 2012, with values holding constant in the final quarter, and increasing by a total of three per cent during the year,” said head of farm agency at Smiths Gore, Giles Wordsworth.
Published by http://www.hexhamcourant.co.uk
This week in... 1949Friday, December 9, 1949...
A workman was buried alive while digging a drain in the Prudhoe Urban Council's housing estate at Oaklands.
Workmates rushed to the aid of 50-year-old Richard Barclay, of Stocksfield, when the wall of the trench he was digging collapsed.
They managed to dig his head and shoulders free before finally pulling him from the earth. He was found to be suffering from shock and bruising.