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Farmland still on the increase

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According to a report released by Savills Research UK farmland values are on course for a tenth consecutive year of annual growth. This is following a 3.9% increase for all land types during the first half of 2012.

Interestingly the volume of publicly marketed farmland across Great Britain fell by -9% during the first half of 2012. However substantial acreage has been marketed privately. There were some regional variations including a 9% increase inScotland.

Savills Farmland Report concludes they are confident that their baseline forecast for average values are still on track at around 5% growth during 2012 and 36% over the next five years from 2012, staying ahead of inflation.