Location key to land values say agents

Location is now the most important factor determining land prices, resulting in the widest-ever range in grade 3 arable land values, according to Andrew Pearce, head of rural agency at Chesterton Humberts.

The value of grade 3 arable land in the UK rose on average by 6% during the first half of 2011, he said. But, while a small block with no neighbour interest might fetch £5,000/acre, a big area surrounded by commercial farmers keen to expand could be worth up to £12,000/acre...

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Published: 09/08/2011 - Farmers Weekly Interactive Website