Welsh land goes under hammer

REES RICHARDS & Partners achieved £272,000 (£5052/acre) when it put 53.84 acres of Welsh pasture land without single farm payment entitlements under the hammer on Aug 4.

The land at Penlan Farm, Hendy, near Pontardulais, Carmarthenshire,was sold in four lots with two going to non-farmers, while a neighbouring producer paid £119,000 (£4737/acre) for just over 25 acres, said the firm’s Martyn Jenkins.

Other recent sales of five to 20-acre parcels had made £5000-£8000/acre, providing they were near an urban settlement and, more importantly, had good road frontage for easy access, he added.