Continue We want you to get the most out of using this website, which is why we and our partners use cookies. By continuing to use this site, you are agreeing to receive these cookies. You can find out more about how we use cookies here.

Saturday, 30 May 2015

Tynedale: Land value at record high

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.