There is still signficant variations in performance between bare and equipped land.
A second record has also been broken in the last few months with only 10,900 acres publicly marketed during the same period which, according to Smiths Gore’s research, is the lowest recorded amount of land for sale.
Farmer buyers are still dominant in the market but face stiff compeition from investors who see farmland as a safe-haven. Like gold, farmland is counter-cyclical in a recession.
There are also tax advantages for those investing in farmland because it is exempt from inheritance tax as long as the land is managed as a farm.
Sharp rises in commodity prices and poor harvests in the US and Russia have also helped to make farmland even more appealing as an asset.
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