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Arable land values in England have jumped by more than one third over the past decade – with further prices rises anticipated.

Arable land values in England have jumped by more than one third over the past decade – with further prices rises anticipated.

Land agents are seeing the strongest farmland market since prices peaked in 2015, with most farms and estates offered for sale this spring going under offer for well above their guide prices – despite pressures presented by recent interest rate rises and inflation.

Speaking at last month’s Cereals event, Matthew Sudlow, head of estates and farm agency at Strutt & Parker, says the agricultural land market has proved very lively over recent weeks, with competitive bidding seen for most properties.

“At least 90% of the farms we have marketed this year have attracted significant interest, multiple bids and often gone to a closing date for best and final offers. 

“We are seeing prices being achieved for some properties that we would not have been believed 12 months ago.”

Arable land values averaged £9290/acre in 2021 compared to £7380 in 2011 – an increase of 26%, according to Strutt & Parker’s Farmland Database.

Factors driving the increase includes a wide mix of buyers – farmers, lifestyle buyers, private investors and corporate companies.

Strutt & Parker research shows sustained growth in agricultural land values in England over recent quarters. 

Buoyant market conditions point to this upwards trend continuing in the third quarter of 2022, believes Mr Sudlow.