No5
Member
- Location
- South Essex
We are currently paying £85/acre on a 1 year FBT for 150 acres of grade 3 very heavy arable land with blackgrass problems. BPS is ours. No buildings or amenities. Currently getting about 2.5t/acre wheat but this is with PK indices of 1-2 so will see some improvement as these are increased. We have been offered a 5 year tenancy but with an increase in rent to £100/acre. Landlord believes this is cheap as he says the going rate should be £130/acre. The added security of the 5 years is attractive but at what price? What do you think the rent should be for this block of land?