UK faces possible increase in 'distressed sales' of farmland

The UK faces the risk of an increase in "distressed sales" of land by farmers facing hits from last year's poor crops, but this will not prove sufficient to derail the rally in prices, Savills said.

The property consultancy said that the hangover of what was a "very difficult year" for agriculture in 2012 - when wheat yields fell to their lowest in 20 years, and the potato harvest to its smallest since the 1970s - "will be felt for some time"...

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Published: 17/01/2013 - Agrimoney.com