Rural slump hits Crown

13 July 2001

Rural slump hits Crown

THE Crown Estates figures for its rural holding show net revenue slumped 7.6% to £12.1m, for the year ending March 2001.

The rural estate, which accounts for 8.5% of the Crowns property portfolio, comprises 81,000ha (200,000 acres) of agricultural land and forest that is let through about 440 tenancies.

It also includes 24 mineral operations and an increase in demand for sand, gravel and stone helped limit the impact of farmings economic downturn on overall turnover.

&#8226 Crown Estate tenant farmers, whose livelihoods have been hit by the foot-and-mouth crisis, have been promised help by their landlords to overcome the crisis. &#42

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