Suffolk Serf
Member
- Location
- Bury/Thetford
Perhaps the FBT tenant paying the peppercorn rent is the vendor? If so, perhaps playing quite a clever game.
Price of Farmland
- Thread starter Pie face
- Start date
Perhaps the FBT tenant paying the peppercorn rent is the vendor? If so, perhaps playing quite a clever game.
- Location
- Cheltenham
Two units recently released privately to a select few for tender bids. 105 acres with a average house and buildings £2.2 million or above via private tender, and 140 acres with a decent house and a variety of buildings £3 million asking price. These went on the market 4 weeks ago and have sold according to the respective agents, although prices not disclosed. I can’t say Area as it was specifically not to be made common knowledge on both accounts.
Warp Land Farmer
Member
- Location
- Hazzard County
Oooo come on
Sambo
Member
- Location
- South Derbys/Staffs
Check out this property for sale on Rightmove!
Country House for sale in Brizlincote Lane, Burton-On-Trent £3,200,000. Marketed by Howkins & Harrison LLP, Ashby-de-la-zouch Rural
www.rightmove.co.uk
Check out this land on Rightmove!
Farm land for sale in Lapley Wood Farm, Lapley, ST19 9ND £4,900,000. Marketed by Nock Deighton, Agricultural LLP
www.rightmove.co.uk
Another 2 farm in the area.
Sambo
Member
- Location
- South Derbys/Staffs
More to do with the t and c' s in the description than the price
- Location
- Scottish Highlands
Realise that now, but it’s still a huge cost difference - even if you could use it straight away.
Tarw Coch
Member
- Location
- Bottom of Wats Dyke
Big lumps of money but you get a lot for your money, what are those houses and buildings worth before you even start on the land.Check out this property for sale on Rightmove!
Country House for sale in Brizlincote Lane, Burton-On-Trent £3,200,000. Marketed by Howkins & Harrison LLP, Ashby-de-la-zouch RuralCheck out this land on Rightmove!
Farm land for sale in Lapley Wood Farm, Lapley, ST19 9ND £4,900,000. Marketed by Nock Deighton, Agricultural LLP
Another 2 farm in the area.
Bare land is making that sort of money per acre around here.
Sambo
Member
- Location
- South Derbys/Staffs
Wouldn't like to be paying to make the house liveable though....
There was a 180acres ex dairy farm not far away for 3mil, ready to go.
- Location
- The North
why would people not want it common knowledge,
if im selling something i want everyone to know so i can get the best price via a competitive market?
What have I missed? Where do I find them??
Sambo
Member
- Location
- South Derbys/Staffs
It's in the description once you 've clicked on the link.
- Location
- fakenham-norfolk
Family farm ( 200 + ha ) here in Norfolk already under offer having been on the market for 3 weeks !!
ollie989898
Member
As we have established the price of land/ag property hasn't been linked to their actual agricultural earning potential for years. It's value therefore is moot- it's derived from demand from investors and other farmers for living in, renting out or as a tax stowaway stash.
In future, when the BPS/CAP is done away with, there will be people out there who own land who will need to either farm it themselves if they can, flog it or rent it out for a value their local marketplace can stand. No more fudging with numbers and paying rents with BPS money. If folk can't make it pencil the rental value will have to drop. Can't be fairer than that.
The inheritance tax get out needs to be done away with totally or rewritten really.
In future, when the BPS/CAP is done away with, there will be people out there who own land who will need to either farm it themselves if they can, flog it or rent it out for a value their local marketplace can stand. No more fudging with numbers and paying rents with BPS money. If folk can't make it pencil the rental value will have to drop. Can't be fairer than that.
The inheritance tax get out needs to be done away with totally or rewritten really.
- Location
- Mendips Somerset
Yes agreed for the non working farmers , agriculture is a very long term investment for both crops and environmental reasons , would be counter productive to have to break up viable family farms to pay the tax and i think the countryside would be poorer for it . There does need to be reform though , regard being used as a tax haven for wealthy people to park their cash which all adds to the perceived value ,
- Location
- Forfar,Angus,Scotland
Doesn't seem to be any shortage of buyers up this way, a few farms have come up lately,marketed for a couple weeks then going to closing date a couple of weeks later and appear to be getting plenty of offers,with much of it being marketed £10k +/ac
- Location
- Lincolnshire
Those who pay inheritance tax have either died unexpectedly, or not taken decent advice. You don't need a field to do it, and in any case a field would be exempt as business property. Apr is essentially just for the farm house.
I would imagine there are some very cheap money deals about now to fuel it... interest rates short, medium and long term just keep coming down...
I hold my breath about what is to follow the new shift in farming sub, my gut says this cap they have triggered is going to continue, so even if subs in one form or another the large payments may not continue.
What that means for land prices is anyone’s guess but if it means the big farms getting split up and rented land being dropped, then as the big players don’t want it my guess is the smaller farmers will but at less rent cost, but if no one wants to rent or buy prices will fall.
It will come down to what’s the governments goal, if they want new farmers new entrants then this is a way to do it, cap the max payment and let land prices fall where they may, to generational farmers it matters not a jot how low land prices go because land is their living, they will hold it regardless. To investors they may get cold feet they may not, but a shift in IHT may force them out, and that leaves a lot of land on the market I see the government buying it and setting up a lot of small holdings.
getting back to he current system £3 billion supporting about 138,000 farmers not all will be claiming but that’s the number, it sounds great but actually about 10% of the farmers get 90% of that £3 billion
So unlike if it was shared equally and we all got £21 k each that’s very generous for the tiny farmers not at all for the big.
We have now about 1380 farmers getting about £2 million each. The other 136620 farmers averaging only £2000 while this is not accurate and farm size moves these numbers about we can see that the system is broken. We are giving massive amounts of tax payers money to already wealthy people or companies.
What’s realistic they cap sub and let land prices fall and setup new farmers, so get more people and families back on the land or more of the same we have already seen?
Buy just capping it at £100,000 at saves them 1380 Farmers getting the average of 2 million each Saving 1.9 million each so saving tax payers £2.62 billion slashing support to farming to only £400,000,000 What’s likely in your eyes?
if they really wanted to get new entrants then just averaging it out so the £21k number it helps the small grow Massively and Existing Bigger farmers with a token amount to live on. I also see a drop in production happening at the same time as all this pain which can encourage prices to lift Or At least stabilise them, local supply Always help underpin local prices.
If small farmers where getting £21k sub that drives them to expand and rent land buy tackle to expand with but it stops that top 10% getting richer on tax payers money. If they are so profitable These big farms then they will survive with just that £21k
But my vote goes to a cap and a shift to support for new entrants and small farms this slashes the support budget By 2 thirds To under £1 billion. It’s a no brainer. Anyone that thinks differently is deluding themselves.
What that means for land prices is anyone’s guess but if it means the big farms getting split up and rented land being dropped, then as the big players don’t want it my guess is the smaller farmers will but at less rent cost, but if no one wants to rent or buy prices will fall.
It will come down to what’s the governments goal, if they want new farmers new entrants then this is a way to do it, cap the max payment and let land prices fall where they may, to generational farmers it matters not a jot how low land prices go because land is their living, they will hold it regardless. To investors they may get cold feet they may not, but a shift in IHT may force them out, and that leaves a lot of land on the market I see the government buying it and setting up a lot of small holdings.
getting back to he current system £3 billion supporting about 138,000 farmers not all will be claiming but that’s the number, it sounds great but actually about 10% of the farmers get 90% of that £3 billion
So unlike if it was shared equally and we all got £21 k each that’s very generous for the tiny farmers not at all for the big.
We have now about 1380 farmers getting about £2 million each. The other 136620 farmers averaging only £2000 while this is not accurate and farm size moves these numbers about we can see that the system is broken. We are giving massive amounts of tax payers money to already wealthy people or companies.
What’s realistic they cap sub and let land prices fall and setup new farmers, so get more people and families back on the land or more of the same we have already seen?
Buy just capping it at £100,000 at saves them 1380 Farmers getting the average of 2 million each Saving 1.9 million each so saving tax payers £2.62 billion slashing support to farming to only £400,000,000 What’s likely in your eyes?
if they really wanted to get new entrants then just averaging it out so the £21k number it helps the small grow Massively and Existing Bigger farmers with a token amount to live on. I also see a drop in production happening at the same time as all this pain which can encourage prices to lift Or At least stabilise them, local supply Always help underpin local prices.
If small farmers where getting £21k sub that drives them to expand and rent land buy tackle to expand with but it stops that top 10% getting richer on tax payers money. If they are so profitable These big farms then they will survive with just that £21k
But my vote goes to a cap and a shift to support for new entrants and small farms this slashes the support budget By 2 thirds To under £1 billion. It’s a no brainer. Anyone that thinks differently is deluding themselves.
Land would yield around 1-2% return on investment around the West Midlands if it was valued at £10k an acre... just for renting it out... let alone farming it... so that is a 10 times better return on investment than 10 year UK government bonds at present...
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