Agricultural Land Resilient to Recession

The price of agricultural land has fallen for the third quarter in a row and now stands at just less than £4700 per acre. However, this is still a 1% increase on last years prices.

Despite the value of agricultural land having fallen, farming land has remained fairly resilient to the recession and property crash that has affected residential property, which saw decreases of 20% over 2008.

The very slight increase in land prices over the last year was mainly fuelled by farmers expanding their holdings because of high grain prices and ‘life style’ investors from the city putting their huge bonuses into farms and land. For well located pastures and arable land prices rose as high as £8,000 per acre.