Land Price West Wales

[2wheels]

I believe a neighbouring farmer, one of two close by that have been expanding exponentially over recent years, has bought it. One imperative here is the amount of land likely to be needed to comply with the NVZ directive given their current stock numbers. I've done my own figures and I need to find extra land to spread nearly 1000 tons of slurry. Also need to double the size of my slurry store. Speaking to a neighbour yesterday and they need to triple their slurry storage.

making you think about selling the cows?

 

[2wheels]

New houses are being built in St.David’s next to the premier inn. someone who bought 4 for £375k each and sold them the next day for £450k each!!!!!

we live in a street of nice well built houses less than 15yrs old, i doubt they would realise their original sale price.

 

[Cowabunga]

making you think about selling the cows?

I'll carry on for now in the hope that the judicial review succeeds. Not holding my breath.
Plenty of other farmers are already gearing up with new slurry pits and whatnot. Hopefully they will have had some figures based on the legislation as it is currently to work out exactly what it means for their enterprises. If they have and know that they can manage everything and continue to make a profit and that they have some aim to life other than to be seen to a 'big farmer' creating more work for themselves for no particular logical reason like wanting to leave their kids a farm each, good luck to them.
At my age I would be far better off renting my farm out to someone desperate for more land to reduce their total N figure per acre. I think rents are going to go through the roof and that this may well be what is behind the steep land price rises seen in this area of late. I need 50 more acres or to export nearly 1000 tons of slurry to some extra land to farm the number of animals I've been doing with no bother for over 40 years. Plus a doubling of slurry storage. Some bigger farms, more intensive than I am, need even more land and investment, plus throwing money at the sh!t-pit.

 

[Cowabunga]

we live in a street of nice well built houses less than 15yrs old, i doubt they would realise their original sale price.

There are houses in the village that hadn't increased in value much, if at all, over the last ten years. However, I reckon they have increased by nearly 15% in value over the last year if not more. Mostly in the last six months.

 

[2wheels]

There are houses in the village that hadn't increased in value much, if at all, over the last ten years. However, I reckon they have increased by nearly 15% in value over the last year if not more. Mostly in the last six months.

be interesting to see if we follow suit up here. the oil related jobs took a hell of a hammering.

 

[farmerm]

No, just realistic.

there is nothing realistic about making a return on paddocks valued at £15k/ac, unless you are the land agent taking the commission that is!

 

[farmerm]

It will be used for horses in the summer and sheep in the winter.

Horses... so not a purchase intended as an vehicle to bypass future IHT liabilities then....

 

[vantage]

there is nothing realistic about making a return on paddocks valued at £15k/ac, unless you are the land agent taking the commission that is!

The difference between value a land agent thinks and worth to a commercial venture.

 

[George from SJM Planning]

Horses... so not a purchase intended as an vehicle to bypass future IHT liabilities then....

No, in fact I have no idea what you are referring to? IHT?
I need somewhere to keep my sheep over winter as my dad doesn't have enough grazing and my wife will stable her horses during the winter.

 

[Derrick Hughes]

No, in fact I have no idea what you are referring to? IHT?
I need somewhere to keep my sheep over winter as my dad doesn't have enough grazing and my wife will stable her horses during the winter.

Plenty of tack available £1 head week , do your own shepherding [emoji23]

 

[Derrick Hughes]

No, in fact I have no idea what you are referring to? IHT?
I need somewhere to keep my sheep over winter as my dad doesn't have enough grazing and my wife will stable her horses during the winter.

Plenty of tack available £1 head week , do your own shepherding [emoji23]

 

[Forkdriver]

Plenty of tack available £1 head week , do your own shepherding [emoji23]
[/QUOTE

No, in fact I have no idea what you are referring to? IHT?
I need somewhere to keep my sheep over winter as my dad doesn't have enough grazing and my wife will stable her horses during the winter.

I don't think that George is quite in the James Dyson league for avoiding Inheritance tax.

 

[George from SJM Planning]

Inheritance tax? I'm not even 40!!!

 

[farmerm]

Inheritance tax? I'm not even 40!!!

And how many of our generation have already checked out? None of us are invincible... This probably doesn't apply in your circumstances but my point is anyone (with more than £325,000 in assets to their name) who puts horses on agricultural land that would otherwise be eligable for APR relief is basically saying "when I die I hereby happily agree to gift 40% of this land to HMRC" rather than my offspring...

 

[andybk]

My question is how do the sellers know it's for horses? I'm not telling them!

point was cash rich horse owners buy anything on the open market , ten ac or less name your price , fact is if yours is private sale doubt sellers realises value , get it bought

 

[Still Farming]

Some eye watering places and prices down West!

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[andybk]

this is what your competing with around me , about 2 mls away

4.58 acres, Ashwick, Nr Oakhill Land - £60,000

Cooper & Tanner - Glastonbury Rural present this Land in 4.58 acres, Ashwick, Nr Oakhill

www.onthemarket.com