Retirement brings Wilts opportunity
TAKING advantage of the 100% tax relief on early retirement still open to dairy farmers brings a 260-acre unit in Wiltshire on to the market which has only been sold once in the past 350 years.
However, William Grant, Woolley & Wallis, who is handling the sale, says the farm is more likely to sell to a residential buyer generating the potential for a neighbouring farmer to take on the land.
Guided at in excess of £1.1m for the whole, Withyslade Farm, Tisbury, near Salisbury is in an area of outstanding natural beauty, and includes a five-bedroom farmhouse and a three-bedroom cottage subject to an agricultural occupancy condition. A range of traditional farm buildings in a courtyard have potential for various alternative uses.
The land quality varies with the best being areas of grade 2 light loam over green sand land which is guided at in the region of £2200/acre, winter wheat yields average just under 4t/acre. About 166 acres are eligible for arable area aid with the remaining acreage split between 52 acres of pasture valued at £1500/acre and 35 acres of woodland.
Currently supporting a 217-cow dairy herd there are about 50 high yielding cows producing 10,000 litres a cow. The 926,361 litres of milk quota are available by separate negotiation.
Also the vendor Jim Ridout has established an eight-day pheasant, partridge and duck shoot with average bags of at least 150 birds. The stalking over the farm is let annually.
Further west in Somerset the same firm is selling 183 acres at South Brewham, near Bruton.
Again, the now dairy farm has potential for conversion into a residential unit and is guided at in the region of £880,000 for the whole.
However, as an agricultural unit Bedlam Green Farm has more than 25,000sqft of modern dairy buildings accommodating 140 cows and 615,020 litres of milk quota are for sale separately.
The land in a ring fence has a mains water supply and includes about 100 acres eligible for arable area aid, parkland and pasture with a small area of woodland.