Hi folks,
Needing some advice. I have been in negotiations to take on my first tenancy. I have been farming this land for 9 months on a pay per ewe basis but the current tenant has given it up.
After asking for plans and acreages to be given, the agent has come back saying it is 38.44 acres. This is fine for me being a new entrant.
The previous tenant paid £3,600 per year, but he was never told or never asked what the exact acreage was. If he knew he was paying £93.65 per acre he may not have stayed as long as he did.
Now, to give more information. Nearly all farms around are in dairy or maize and the landlady doesn't like arable or cows so this is why I have a chance with my sheep.
The land is South facing but the grass is nothing more than meadow grass. Fields of sweet vernal, stingers and all too little clover.
The fencing is, on the other hand, immaculate. I have never seen a farm fenced so well.
So, how much per acre is this worth? My budgets can go to £88 per acre but I honestly don't think it's worth more than £85. I would guesstimate land around here is worth £80 per acre. She is reluctant to come down from £3,600 and I don't want to lose out and have to find other land/sell my flock.
The land is in East Devon.
Tough decisions ahead. Advice on valuations welcome!
Needing some advice. I have been in negotiations to take on my first tenancy. I have been farming this land for 9 months on a pay per ewe basis but the current tenant has given it up.
After asking for plans and acreages to be given, the agent has come back saying it is 38.44 acres. This is fine for me being a new entrant.
The previous tenant paid £3,600 per year, but he was never told or never asked what the exact acreage was. If he knew he was paying £93.65 per acre he may not have stayed as long as he did.
Now, to give more information. Nearly all farms around are in dairy or maize and the landlady doesn't like arable or cows so this is why I have a chance with my sheep.
The land is South facing but the grass is nothing more than meadow grass. Fields of sweet vernal, stingers and all too little clover.
The fencing is, on the other hand, immaculate. I have never seen a farm fenced so well.
So, how much per acre is this worth? My budgets can go to £88 per acre but I honestly don't think it's worth more than £85. I would guesstimate land around here is worth £80 per acre. She is reluctant to come down from £3,600 and I don't want to lose out and have to find other land/sell my flock.
The land is in East Devon.
Tough decisions ahead. Advice on valuations welcome!
