East Anglian recovery boosted by Lincs acres
ACCORDING to recent figures, the East Anglian land market has almost recovered to pre-foot-and-mouth levels. Brown & Co has further boosted supply with the release of 140 acres of Lincs arable land.
In the south of the county, a 44-acre block of grade 1 silt at Swanpen Farm, Delgate Bank, is available for £145,000 (£3536/acre). Agent Hugh Baker says demand for land that can support non-CAP crops is still high.
"Most recent sales of this type of soil have been due to family agreements coming to an end and are not in response to a downturn in incomes. There is still a lot of tax-driven investment interest.
"Cereals are considered a break crop on land of this quality," he adds, noting that Majors Farm, featuring 560 acres of silt near Spalding, has already been sold for in excess of the £2.9m guide. The property was launched barely a month ago.
Further north, Ken Pritchard is selling 96 acres of grade 3 land near Brigg. Available in three lots, prices range from £2200-2600/acre depending on the quality. "I reckon the best could almost be as good as grade 2," he says. *