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... 1885Saturday, June 20th, 1885
Over 2,000 people attended the Temperance Gala held at Greencroft Park, Haltwhistle.
Led by the Bardon Mill Brass Band, 12 temperance societies paraded through the town, prior to an open air meeting in the park.
During the event the Rev. J.M. Russel condemned the House of Commons for rejecting a proposal to increase taxes on spirits and beer.