"Some of the increase in values is due to smaller farms being marketed. Our database of sales clearly shows that smaller farms have higher values per acre, as the value of the house and buildings ‘boosts’ the value per acre. Given this, careful lotting of farms is essential to maximise their overall value," said Giles Wordsworth, Head of Farm Agency.
"7800 acres of equipped farms were marketed in 37 sales, so an average of 210 acres. This is much lower activity compared with the year before when 19,100 acres were marketed, in 62 sales at an average of 308 acres per sale."
Bare land values dropped slightly across England, by 2%, to an average of £4800 per acre, demonstrating a return to values previously seen at the beginning of the year.
"The view from our farm agents around England are that values have remained broadly the same so this small drop may be a result of the small number of sales and paucity of land for sale in the quarter."
Some 2600 acres were marketed, less than half the amount in the same quarter in 2008, when 5700 acres were sold. There were also many fewer sales (26 compared with 43).
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