Competition for small parcels of land continues to bring some staggering results. The auction of just over 16 acres of Grade 2 arable land at Baston near Bourne in South Lincolnshire last week saw the first 10.6 acres make £13,121/acre and the remainder £12,414/acre.
“The combined sale average was £12,872 per acre which is believed to be a record for this particular part of South Lincolnshire,” said a ‘stunned’ Stephen Knipe, of Stephen Knipe & Co, Bourne.
The land has been growing sugarbeet and spring and winter barleys over the past five years and most bidders were from the agricultural community, said Mr Knipe, who had hoped the land might make £10,000/acre – both fields have main road frontage and were adjacent non-agricultural property. No SFP entitlements were included in the sale.