Dont wait for knockers
FARMERS should chase development opportunities rather than wait for developers to come knocking at the door. That was the message Roger Hayward of surveyors Fenn Wright gave delegates at a recent Invisible Income seminar at Braintree, Essex.
Landowners should identify opportunities and promote them through the Structure and Local Plans, he advised. Despite governments recent shift in emphasis to previously used, brownfield, sites, greenfield demand could rise.
"If the housing demand rises, it is greenfield land that will be called upon to make up the shortfall," said Mr Hayward. He puts the value of farmland with planning permission in parts of East Anglia at between £300,000 and £600,000/acre.
Take a long-term view, he advised. "Dont be embarrassed by development. People want housing and they want jobs – so development provides a need just like growing food does." *