25 September 1998

Values lift for ag properties

SALE values of all agricultural properties rose slightly in the year ending Dec 31 1997 from £2275/acre as at Dec 31 1996 to £2305/acre.

However the volume of land traded fell from 140,093 acres for 1996 to 113,513 acres for the following year end, according to the prices of agricultural land in England published by MAFF.

Also the three-month comparison for sale prices achieved for the quarters ending Sept 30 1997 and Dec 31 1997 reflect a slight average dip in values of about £20/acre.

Sales of bare land with vacant possession for the annual comparison ending Sept 30 record a decrease from £2000/acre to £1618/acre, but the number of transactions increased significantly from 4640 to 6177 during the same periods.

lFurther information on the sales of agricultural land based on all transactions notified to the Inland Revenue can be obtained from MAFF Economics (Resource Use) Division, 0171-2708371. &#42

Sales of agricultural land by region and by type of vendor for all properties 1996-97

Individual Property Co/ Financial Institution Others

Region No of Area £/acre No of Area £/acre No of Area £/acre

transactions transactions transactions

Northern 425 53243 1170 17 1354 1576 109 21930 926

North West 196 8263 3206 17 193 1721 41 1987 5224

East Anglia 498 43033 2361 43 1412 2605 103 14591 2301

South East 802 68170 2114 81 9595 3733 185 16929 2551

Source MAFF