winter 2012/1319e21141e53b5c034df6-fe3f5161196526a8a7b5af72d4961ee5.r45.c… · scotland to...

Winter 2012/13

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F&E | Welcome S&P | Sales highlights

2Intro | Winter 2012/13

StrUtt & PArKEr | Farms & Estates

With demand outstripping supply, an uncertain economic climate and the prospect of a global population explosion, land prices are at a premium. After a challenging year, can farmers look ahead to a brighter future?

With few exceptions, farmland values from Scotland to Cornwall have continued to rise for the tenth consecutive year. Farmland

once again owns the top spot in the property market performance tables and we predict it will remain there for a little while to come.

Farmland prices are being driven by a range of factors: a lack of supply versus strengthening demand, the tax advantages of owning land, and the investors’ view of farmland as a safe haven in uncertain economic times. Most topical, perhaps, is the need to feed an increasing and more affluent world population and the added challenges of climate change.

World stocks of all grains have fallen, primarily due to the worst drought in the United States for half a century, and a poor harvest in the great grain-growing regions near the Black Sea. Climate change is a reality and its effects have also been felt in the UK. While 2011/12 oilseed rape and barley yields are in line with five-year averages, the National Farmers Union estimate that wheat yields are down 14% on the five-year average and the worst for 20 years. In September, dairy herds in Cheshire

– one of England’s foremost dairying counties – were being housed and fed indoors as the land is so wet. The erratic weather has affected the quality of home-grown forage, which is likely to hinder milk prices this winter.

The difficulties facing farmers globally are having an impact on the cost of food. The importance of farmland to produce food has forced up land values. Average arable land values in England stood at £7,325 per acre at the end of the third quarter in 2012, an increase of 11% over the previous 12 months. In Scotland, prime arable land in the Borders matches English values and average grassland values rose to £6,172 per acre. We predict values rising by between 5% and 10% in the next 12 months.

Farmers remain the dominant purchasers of land, buying over 60% of the land sold. However, UK farmland is also regarded as a safe haven by investors. A stable political environment, established infrastructure, highly skilled farmers and a relatively benign climate all encourage interest, not only from farmers, but also from a range of global investors excited by the investment opportunity.

Valuations Our team of specialist rural valuers work closely with our team of Farms & Estate agents to ensure that they have up-to-the-minute information and an accurate feel for the latest trends in the market. If you are considering selling, please get in touch for a free, no-obligation market appraisal.

Lushill EstateWiltshire/Gloucestershire borders8-bedroom estate house | 5 cottages | Farmhouse | Buildings | Over 728 acres. Guide: £12,000,000. Sold in excess of guide, October 2012. [email protected] / 020 7318 5185

Highfields Park Estate East Sussex 9-bedroom Georgian house | 5 cottages | Coach house and flat Farm buildings | 192 acres. Guide: £5,750,000. Sold in excess of guide, July 2012. [email protected] / 020 7318 5172

Mark McAndrew, Head of Estates & Farm Sales, [email protected] 7318 5171

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Bonas Hill Farm Ponteland, Northumberland119 acres productive land | 39 acres pasture. Guide: £825,000. Sold well in excess of guide, September 2012. [email protected] / 01670 500870

Hill Farm Near Lavenham, Suffolk 7-bedroom principal house | Farmhouse | Cottage | Extensive farm buildings | 497 acres. Guide: £6,500,000. Sold in region of guide, October 2012. [email protected] / 01473 214841

3SALES HigHLigHtS | Winter 2012/13

Rye Hill Farm Wiltshire 6-bedroom period farmhouse | 3 cottages | Buildings and commercial lets 388 acres. Guide: £5,600,000. Sold subject to contract, September 2012. [email protected] / 020 7318 4668

Yellowford Farm Thorverton, near Exeter, Devon5-bedroom farmhouse | 3 cottages Farm buildings | Over 33 acres. Guide: £3,600,000. Sold in excess of guide, October 2012. [email protected] 01392 229418

Lower Broughton FarmShropshire/ Powys borders120 acres grassland Outbuildings. Guide: £880,000. Sold in excess of guide, January 2012. [email protected] 01584 873711

Mayen Estate Aberdeenshire 5-bedroom Georgian mansion house | 4 cottages and coach house | Fishings | Farmland Woods | About 740 acres. Sold in excess of £4,000,000 guide, November 2012.

[email protected] 01330 826800

struttandparker.com/farms-and-estates

S&P_farms_winter_p02-03_des3.indd 3 30/11/2012 15:07

per acre can be achieved for

sizable blocks of bare land

£10,000

4NATIONAL | Winter 2012/13

‘In many cases, the sum of a house, buildings and land selling separately leads to a higher price’Charlie Evans, Partner, Estates & Farms Agency

National interests

One of the great things about the rural property market is that things never stand still for long and one has to identify emerging trends and react to them swiftly.

Charlie Evans, Partner, Estates & Farms Agency020 7318 5172

Rural property: separation holds the key

This year has been no different. The strength of the bare-land market and relatively poor market for high-end country houses has meant that many residential farms and estates have been selling better in lots than as a whole.

As recently as the spring, we were discussing ‘marriage value’ in relation to residential farms and estates. This is where the sum of the whole property is greater than the sum of the component parts. It refl ects the scarcity of residential farms and the fact that people were prepared to pay a premium to buy them – until recently.

The opposite is now true: in many cases, the sum of a house, buildings and land selling separately leads to a higher price than the sale of the property as a whole. We call it ‘divorce’ or ‘separation’ value.

There is plenty of market evidence of this being the case. We recently agreed terms on a large farm sale in Sussex (below right) that was marketed as a whole or in lots. We received good bids for the whole but a higher overall offer when we combined the bids for the individual lots. It was agreed to sell the farm in lots as this gave the best result, even after assessing

the increased risk and inconvenience of selling in multiple deals.

Estates and farms being sold in lots is nothing new. It was common in the 1990s and early 2000s when the strength in the housing market and weakness in the farming market meant buyers wanted the house but no land. Interestingly, the opposite is true today. The market for bare farmland has never been so strong, and there have been several examples of bare land selling for between £9,000 and £10,000 per acre for sizable blocks. While sales at these levels are not the average, they are becoming more frequent.

It is the strength of the interest in land from farmers and investors, who are desperate for land but not a house, that has created this recent trend and created the ‘divorce value’ phenomenon. As ever, the key with sales is to have an open mind and make sure you know your market.

S&P_farms_winter_p04-07.des5.indd 4 06/12/2012 17:19

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For farmers, 2012 is probably best consigned to the history books. A poor spring limited the

application and effi ciency of herbicides, the wet summer caused signifi cant disease pressure

with quality and yield loss, and the wet autumn delayed planting for the 2013 harvest.

The fact that many farmers cannot recall a year like it suggests that it is a rarity and will hopefully not be a sign of things to come. Further, with the feed wheat price now over £200 per tonne and with milling wheat almost £250 per tonne, the lucky few who have full stores are well placed to take advantage, while the strong futures for 2013 can hopefully give confi dence to the rest.

It is also worth remembering that the fundamentals of global supply and demand, which dictate our domestic price, have not changed. The world is still devouring and reducing its stocks of grains year on year. At the end of 2012, world wheat stocks will be at their lowest for fi ve years, down 13% on 2011 at around 172 million tonnes, while utilisation, although stagnant for the current year owing to a redirection from

the biofuel markets, has increased by around 6% over the past fi ve years. This is great news for UK farmers, particularly considering the continuing advantageous export conditions to countries outside the EU with favourable exchange rates.

On the livestock front, a wet summer means a good grass year – but this is largely limited to grazing only as, for many, conserved forage is likely to be poor quality. However, the beef price, thankfully, continues to improve while lamb, although slightly down over the last 12 months, continues to deliver good margins for producers.

The underlying trend of increasing consumption continues, particularly in the Far East, where annual per-capita food consumption is currently around 50kg, compared with 15kg in 1980 (this compares with 90kg for the West).

For dairy, recent price increases have been welcome and necessary, but the industry remains subservient to the main retailers who continue with low pricing as part of their marketing strategy, thereby continually squeezing farm-gate margins. This, coupled with rising feed costs, may cause some producers to look again at extensive systems of production where exposure and risk can be better managed.

While farmers may wish to forget about 2012, the underlying trends of population growth, increasing consumption and reducing stocks cannot be ignored. Although this may not improve the profi t-and-loss account this year, the future is indeed much brighter.

Mark Juniper, Partner, Farming & Land Management01295 676 580

UK agriculture: a brighter outlook


Energy effi ciency and renewable energy generation continue to be hot topics for farms and estates. Anybody purchasing a farm needs to actively consider the energy effi ciency ratings of the property they are purchasing.

Energy on the agenda

17%of homes in England are F and G rated


National interests

The government has introduced its fl agship Growth and Infrastructure Bill to parliament. The proposed legislation sets out a series of reforms to promote business investment, new infrastructure and job creation, which, from a planning perspective, include: • Getting construction going on stalled housing sites

by allowing the reconsideration of economically unviable Section 106 planning gain agreements.

• Simplifying planning application paperwork.• Speeding up the planning system for large business

and commercial projects. Where developers choose the fast-track route, decisions will be taken in 12 months from the start of examination. Existing requirements to consult local communities are retained.

These much-needed changes to the planning system were highlighted by Prime Minister David Cameron, as he launched a fresh attack on the planning system, saying that this ‘suffocating bureaucracy’ must be beaten off if Britain is ‘going to be a winner in the global race’. Chancellor George Osborne has also highlighted moves by councils, including Cambridgeshire, to allow building on green belt land, which is then replaced with other land newly classifi ed as part of the green belt, stating he would like to see more of this approach.

A number of local planning authorities (LPAs) are willing to embrace some development to boost their local economy and bring much-needed regeneration to the local area. However, this is not going to be a ‘vote winner’.

Landowners need to be on the front foot, demonstrating to LPAs that their land is available and deliverable. It is important to assess landholdings in and around existing settlement boundaries, but then stand back to look at how the land could work in partnership with other schemes in the wider area.

John McClarty, Head of Planning, East Anglia01245 254 603

Planning: time for actionWith the ink barely dry on the National Planning Policy Framework, the coalition government has made its intentions clear regarding the new planning system.

homes will be supplied with electricity from

solar-powered farms brokered by Strutt &

Parker in 2012

120,000

By 2018, the government will have prohibited the letting of all F and G-grade properties and may even have included E-grade properties. Many rural properties unfortunately score these low grades due to the challenges of heating them and the challenges of their construction for energy effi ciency. What can often be of great benefi t for the property in terms of its attractiveness and historic importance is not necessarily suitable for energy effi ciency. However, there are positive opportunities for resolving these challenges before 2018 and, if investment is made now, then a good fi nancial return can be made.

Projects that we note are increasing in popularity on farms and estates include biomass boilers for heating to replace oil, and wind turbinesand solar photovoltaic panels for electricity generation.

On a bigger scale, purchasers of farms should keep their eyes open

for opportunities for solar farm development, with blocks of 30–80 acres of land in demand. On farms that adjoin an existing or proposed wind farm, there may be the opportunity for an extension of the wind farm of perhaps two or three wind turbines: this doesn’t have to be with the current developer, either.

What is certain is that energy effi ciency and renewable opportunities are here to stay – and that having a good understanding of the opportunities that are available to farm and estate owners is of growing importance.

Michael Verity, Head of Resources & Energy020 7318 4671


F&E | Overview


| Overview


Copyright Strutt & Parker, 2012. All rights reserved. No part of this publication may be reproduced or transmitted in any form without prior written consent by Strutt & Parker. The information contained herein is general in nature and is not intended, and should not be construed, as professional advice or opinion provided to the user, nor as a recommendation of any particular approach. It is based on material that we believe to be reliable. While every effort has been made to ensure its accuracy, we cannot offer any warranty that it contains no factual errors.

National analysis We take stock of market trends with an overview of buyer profi les, land coming to market and regional land values in 2011 and 2012

Average arable and pasture land values by region

2% Equestrian

57% Farmer2% Institutional investor

16% Lifestyle0% Overseas

10% Private investor13% Other

10 20 30 40 50 60 70 80 90 100%

Buyer type by acres purchased in 2011

1% Equestrian52% Farmer

2% Institutional investor20% Lifestyle

2% Overseas15% Private investor

8% Other

10 20 30 40 50 60 70 80 90 100%

Buyer type by acres purchased in 2012

Central England

£7,516 (2012)

£7,176 (2011)

Arable

Pasture

£6,064 (2012)

£5,900 (2011)

South West

£7,211 (2012)

£6,474 (2011)

Arable

Pasture

£5,444 (2012) £4,914 (2011)

Scotland

£4,873 (2012)

£4,431 (2011)

Arable

Pasture

£2,469 (2012)

£2,303 (2011)North

£7,189 (2012)

£6,330 (2011)

Arable

Pasture

£4,801 (2012)

£4,569 (2011)

East

£8,003 (2012)

£7,176 (2011)

Arable

Pasture

£6,419 (2012)

£5,678 (2011)

South East

£7,312 (2012)

£7,171 (2011)

Arable

Pasture

£6,118 (2012)

£6,055 (2011)

South

£8,391 (2012)

£8,021 (2011)

Arable

Pasture

£6,411 (2012)

£6,142 (2011)

2010 2011 2012

125,000

100,000

75,000

50,000

25,000

Land entering the marketEngland Scotland

acres

S&P_farms_winter_p04-07.des11_page7only.indd 7 11/01/2013 15:12

8regional | Winter 2012/13

F&e | Regional update

Scotland

In 2012, the focus shifted away from the sale and purchase of estates (the dominant trend of 2011) to the sale and purchase of farms, several of which were marketed and sold by our

Edinburgh-based team.Chapel Mains Farm (above) is a 667-acre

arable and livestock farm with a large farmhouse and several cottages situated in the heart of the Borders but only 45 minutes’ drive from Edinburgh. Having negotiated the purchase for the owners of a larger farm elsewhere in Scotland, we launched Chapel Mains on the market in May as a whole or in lots at a combined asking price of offers over £3.795 million. Following 30 viewings from UK and international buyers, the farm was sold in excess of the asking price to a British farm businessman. Further north, a variety of farms were launched to market, with all now sold or under offer.

Farmers in Scotland of any vintage will struggle to recall a tougher deal of the weather cards from Mother Nature than in 2012 and this has put more pressure than ever to produce a profit from their businesses. This is before taking into account rocketing fuel and input costs and anxiety surrounding Common Agricultural Policy reform.

However, we have been hugely encouraged by the performance of the market where correctly priced and properly marketed farms have found buyers. The following farms in Scotland were sold or under offer at the end of autumn 2012: • Rhynaclach Farm – a 411-acre grass farm with farmhouse and steading in Stirlingshire – offers over £1.2 million. • Springhall Farm – a 245-acre livestock and amenity farm in Perthshire – offers over £775,000. • Grahamstone Farm – a 392-acre turf and arable farm in Kinross-shire – offers over £2.08 million.

The above demonstrates that, despite short-term concerns, there is a deep-rooted faith among buyers that investing in farmland will prove prudent in the long term. We expect this faith to reward those who choose to offer their farms for sale in 2013.

Robert McCulloch, Scotland. 0131 718 4593 [email protected]

Chapel Mains Farm: 667-acre arable and

livestock farm in lauderdale. guide

price £3,795,000

The northNorthumberland, Cumbria, Durham, Yorkshire, Lancashire

With the area of land that came to the market in 2012 in the north east down by 8% on 2011, buyers have seen a further restriction on land available to purchase.

Commodity prices remain high and many farmers have decided to reap the reward of growing their own crops rather than selling land. at the same time, farmers have sought to increase their acreage where possible and have paid exceptional prices – on many occasions, breaching the £11,000-per-acre barrier for the first time.

The supply of land to the open market has been restricted by a number of private transactions. neighbouring landowners are keen not to have to compete against each other in what is often a once-in-a-lifetime opportunity, and are paying significant premiums to retain control of the land and prevent it coming to market. at the same time, private investors are securing land off market, while the vendor continues, in many instances, to farm the land; a ‘win-win’ for investors and for farmers. For many potential vendors, now may be the time to consider sales while finance is cheap and demand for land continues to entirely outstrip supply.

Claire Whitfield, Morpeth. 01670 500870 [email protected]

Willogarth: 50 acres of productive arable land in northYorkshire.

guide price £285,000

per acre – record-breaking prices achieved in the north in 2012

£11,000

acres

80,000

70,000

60,000

50,000

40,000

30,000

20,000

10,000

Amount of farmland entering the market in Scotland 2000-2012

00 01 02 03 04 05 06 07 08 09 10 11 12

STrUTT & ParKer | Farms & Estates

S&P_farms_winter_p08-11 des6.indd 2 06/12/2012 11:49

East Central Derbyshire, Nottinghamshire, Lincolnshire, Leicestershire, Rutland, Huntingdon and Peterborough, Northamptonshire, Warwickshire

Scarcity of units and specific requirements can sum up the East Midlands farm and estate market this year. In line with most regions, the volume of land traded is down on last year and

buyers are focused on pure agricultural property offering the best returns. These factors have contributed to create a perfect storm, further driving arable land values. I am constantly reminding those who enquire about land prices here that this region is one of the most diverse, comprising of large estates with substantial houses and parkland, smaller mixed farms and

vast commercial agri-businesses – all of which attract a very different type of buyer with quite different agendas. Buyers are local farmers wishing to expand to secure their businesses’ future, UK and European investors seeking a safe haven in the current economic climate and individuals looking to benefit from the tax incentives. A bare block of arable land would sell in the time taken to read this column; a residential estate weighted to the residential side would take a little longer.

Will Parry, Market Harborough. 01858 438706 [email protected]

West Midlands Worcestershire, Herefordshire, Shropshire, Staffordshire, Cheshire

The past year was yet again one of insatiable demand for good farmland and buildings, with plenty of under bidders frustrated that there is not enough land around to meet demand. Demand is less

evident where a large amount of capital is tied up in the residential element. Prices are stronger here than in many other parts of the UK, with arable land going for between £9,000-£13,000 per acre (up a minimum of 10% on 2011) , while top-quality pasture is making between £8,000–£9,000 per acre (also up about 10% on the previous year). More land has been sold in the West Midlands than in 2011.

While there are a number of ‘outside’ purchasers and one or two investors, the majority of demand (70%) is coming from farmers within a 15–20 mile radius of the land for sale. One or two sales are also being agreed privately. Even with a disappointing harvest, the demand continues.

Mark Wiggin, Shrewsbury and Ludlow 07966 401488 [email protected]

Highfield Farm: 169-acre mixed farm near Melton Mowbray.

Guide price £2,000,000

Pen Y Clawdd: 214-acre Welsh

border farm. Guide price £3,270,000

East AngliaHertfordshire, Norfolk, Suffolk, Essex, Cambridgeshire

The strong farmland market in East Anglia continues, with average land values increasing by 15% on 2011 and farms generally selling well and quickly. These

general statements disguise a more complex picture, as there has been a disparity of £5,500 per acre in the value of arable farmland in East Anglia in the past 12 months. This broad range has been caused not only by a very low supply of commercial farmland in East Anglia, which is currently 50% below 2011 figures, but also quality, accessibility and local demand.

In 2012, bare arable land has been the star, with £9,000 per acre regularly being achieved and some sales in excess of £10,000 per acre. Residential farms have also sold well, as shown by Hill Farm, Great Finborough, which sold for around its guide price following a summer marketing campaign.

If the lack of available farms continues, values may well consolidate at £8,000– £10,000 per acre. But, if supply frees up and farming profitability looks less certain, values in East Anglia are unlikely to keep rising as they have in the past two to three years.

Giles Allen, Ipswich. 01473 214841 [email protected]

Hill Farm: 118-acre residential farm in Suffolk.

Guide price £2,250,000

10%arable land values on 2011 market

£/acres

£12,000

£11,000

£10,000

£9,000

£8,000

£7,000

£6,000

£5,000

£4,000

Cambridgeshire Essex & Herts Norfolk Suffolk

Min Ave Max

Arable farmland disparity 2012

9REGIOnAl | Winter 2012/13

2008 2009 2010 2011 2012

acres sold

20,000

15,000

10,000

5,000




South WestDevon, Somerset, Cornwall

The farmland market has been dominated this year by the sale of Yellowford Farm at Thorverton (see page 3), a first-class arable and dairy farm with approximately 300 acres of

Grade 1 soil. The farm was offered to the market in May 2012 and, despite strong early interest, we continued with the planned marketing. Guided by bare land values of £7,000 per acre, our clients were delighted to receive more than 50 offers and agreeing an average of over £10,000 per acre.

South eastSurrey, Sussex, Kent

Despite the appalling autumn weather, 2012 was a very strong year for the farmland market in the South East, and 2013 looks set to be equally good. Despite more land entering the market in 2012

than in the previous year, average land prices for both arable and grassland increased. Arable land is selling for between £7,000 and £10,000 per acre as commercial farms continue to sell incredibly well – mainly due to lack of supply. Encouragingly, some country estates, which had languished on the market, have started to find buyers.

There has been an increase in the number of private investors looking to acquire land in the South East. This has begun to squeeze expanding farmers out of the market as they cannot compete with these heavyweight buyers, unless they have a war chest from the sale of land for development, for example. I expect demand to continue to outstrip supply for 2013 and that should keep land values on the increase. I anticipate a rise of at least 10% by the end of the year

Charlie Evans, London. 020 7318 5172 [email protected]

50% of all farm sales in Sussex in the past 12 months were marketed by Strutt & Parker

This sale was certainly the highlight of the year, with many farmers still talking about the amount of interest we were able to achieve. Buyers for the farm were mainly based within the UK, with a good number travelling down to the West Country to compete with local buyers.

Other farm sales have gone well, with purchases of 100-acre-plus farms being agreed within six weeks of marketing. The continued shortage of farms on the market has focused demand for those launched.

Tidwell Farm: 104-acre residential farm in Devon.

guide price £1,425,000

Manor Farm: 495-acre arable farm on the South Downs. guide price £4,500,000

offers were made on a 300-acre first-class arable and dairy farm

Residential estates are in less demand, however, particularly if over-optimistic asking prices are being sought.

James Baker, Exeter. 01392 229418 [email protected]

the price of average land values in the South West in 2012

+15%

50+

acres7,5007,0006,5006,0005,5005,0004,5004,0003,5003,0002,5002,0001,5001,000

500

Kent East Sussex West Sussex

Average arable land value/per acre sold in 2012

£7,250 £7,317 £6,583

(over 100 acres)

STrUTT & ParKer | Farms & Estates



Central

land in central england has continued to demand prices above the national average, driven, as elsewhere, by the scarcity of acres in the market and the old adage ‘location,

location, location’. Buyers, while discerning, are invariably in competition and prices are being pushed up in the race to own land. although proximity to the capital does not influence the market to the same degree as it does for residential property, it is certainly a contributing factor to the high prices being paid, and investors in the market compete with traditional farmers and neighbouring owners. Some of the heaviest grade 3 and 4 arable land has sold for over £7,000 per acre; both arable and pasture

land close to built-up areas has made £10,000 per acre and, in some cases, as much as £20,000 per acre without any planning agreed. grade 3 wheat land has sold for in excess of £8,500 per acre. There is also an appetite for the best mixed farms and estates, with a good house and some challenging sport. We expect prices to hold up, if not rise, in the coming year. To date, there are no signs of a rush to the market, so scarcity will continue to be a contributing factor, and blocks that do come to the market should sell for above the national average.

Sarah Macdonald-Smith, London 020 7318 5185 [email protected]

Hyde Farm: 213-acre residential and arable

farm in oxfordshire. guide price £2,500,000

Bedfordshire, Buckinghamshire, Oxfordshire, Gloucestershire, Berkshire

SouthHampshire, Wiltshire, Dorset

The farmland market in the South continued to be buoyant throughout 2012. Farmers were again at the forefront of the buyers when farms within their patch came to market, while the

increasing number of private investors made for good competition and record prices being achieved in some areas. arable land consistently achieved offers of £8,000 per acre and above, with a couple of off-market transactions in particular achieving closer to £10,000 per acre. There was also a slight increase in the number of dairy farms changing hands in the west of the region. The good response to these proved that there is still life in the dairy and livestock sector, with grassland selling for between £6,000 and £6,750 per acre, often to farmers looking to expand.

looking forward, i anticipate a growing appetite for commercial farms in particular throughout 2013, resulting in continued price increases: current supply levels remain fairly static and seem likely to remain so. Buyers will look with more of a residential hat on and, particularly beyond london, become increasingly active again as the distractions in the City during 2012 fade away. This will be good news for farms and estates with a higher proportion of residential value in their overall make-up. They have struggled lately to grab the same amount of attention as pure commercial farms.

Matthew Sudlow, London 020 7318 4668 [email protected]

little Kington: 273-acre dairy farm in Dorset.

guide price £2,750,000

‘i anticipate a growing appetite for commercial farms in particular throughout

2013, resulting in continued price

increases’

oxfordshire46%

£10,000–£20,000

£8,500

£7,000

Per acre achieved for agricultural land close to built-up areas

per acre achieved for grade 3 wheat land

per acre achieved for grade 3 and 4 arable land

Bedfordshire21%

Berkshire11%

gloucestershire21%


acres sold by county

in 2012


F E | InformationOur Farms & Estate Agency handles the sale and purchase of about

100,000 acres of farmland, residential and commercial farms, and sporting estates throughout the UK every year.

We specialise in the sale and purchase of estates and farmland, using national expertise and detailed local knowledge to advise clients.

Our Farming Department and other specialists within the firm offer advice and support on everything ranging from Single Payment

issues and environmental schemes to taxation and planning.

East AngliaChelmsford office

01245 [email protected]

Ipswich office01473 220444

[email protected]

Norwich office01603 617431

[email protected]

Central & East MidlandsMarket Harborough office


West MidlandsLudlow office01584 873711

[email protected]

12contacts | Winter 2012/13

South WestExeter office


NorthHarrogate & Morpeth office


ScotlandEdinburgh office0131 226 2500

[email protected]@struttandparker.com


Banchory office01330 824888

[email protected]

stRUtt & PaRKER | Residential | Commercial | Farming | Land Management

Sporting | Development | Resources & Energy | Professional Services

For more information about our Farms & Estate Agency please visit struttandparker.com/farms-and-estates

National Sales & the South London Head Office

020 7629 [email protected]



S&P_farms_winter_p12_des2.indd 2 05/12/2012 12:53

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