Price of land rental
- Thread starter Clemncass
- Start date
- Location
- East Sussex
How long is a piece of string?
Need to know area of land. Type of soil? what was previous cropping?
How long will any agreement be for?
Lots of variables before any price can be estimated.
Need to know area of land. Type of soil? what was previous cropping?
How long will any agreement be for?
Lots of variables before any price can be estimated.
spin cycle
Member
- Location
- north norfolk
get two six sided dice out of a kids game....roll them.....if the result is less than 5 roll again ..otherwise times by 10 then double it....advertise at that price
Coximus
Member
Well This year Ive got rent reductions on all land rented irregardless of use - Most now down around 50-60 an acre , however I have one block at £75 an acre because the land lord agreed to a 7year tenancy - Pay more for the security.
Generally rents are static or falling due to loss of subsidy, unless you have a few people willing to fight, or desperate to spread costs on acreage. Their are still some high rents, that said alot of value in renting out to a neighbour on good terms at a fair price. Gives you security of income.
Generally rents are static or falling due to loss of subsidy, unless you have a few people willing to fight, or desperate to spread costs on acreage. Their are still some high rents, that said alot of value in renting out to a neighbour on good terms at a fair price. Gives you security of income.
Thank you for your help. I take it the prices you have stated are monthly.
- Location
- Lincolnshire
No, that's per acre, per year.
farmerm
Member
- Location
- Shropshire
You are at the bottom of a very steep learning curve my friend. Tells us a bit more of this story,
Suffolk Serf
Member
- Location
- Bury/Thetford
Professional Land Agents come in for some sometimes justifiable stick on here but in your case I’d be contacting a local firm ASAP.
Ps rents could be anything from £80 per acre right up to £400 per acre for the odd year of root veg. on irrigated land.
Ps rents could be anything from £80 per acre right up to £400 per acre for the odd year of root veg. on irrigated land.
Coximus
Member
No the rents are per anumn.
The most expensive land I rent is a 35 acre block of perfectly flat top quality land at £98 an acre. The landlord wanted 120 but at arbitration the land lord was forced to accept a reduction to 98 from 105.
That's £3430 per year for 35 acres. For 5 years.
At anything more than £100 an acre for the best arable ground is not going to make any money for the farmer.
Obviously if it took carrots or spuds you could get one off bonuses (I have a clause of a one off 240 uplift per acre for spuds) but that's a once every 5 to 7 year event as you can't do those crops constantly due to pest risk.
Please remeber one thing - the value of the land has literally no bearing on the rent value. I rent several. Blocks worth more than a million pounds off landlords who have all had the shock of their lives finding I was the best paying Tennant giving them less than a 0.25% return....
The value in land is in the inheritance tax exemption you get when your gone for your kids.
Oh and be ware... Monthly rental prices just open you up to creating an invalid tenancy and having a Tennant who can challenge the agreement and end up using your land for sweet fa for long long time.
I think you should consult professional advice for this. As above, it can get tricky. If you think professionals are expensive, something amateur will cost you many times that in the long term! The trick is to find someone with whom you'd be happy to enter into a longer rem relationship that you both earn something out of without your asset being stripped.
Johnnyboxer
Member
- Location
- Yorkshire
Has the OP reached a suitable answer to his question?
Funny Farmer
Member
Has anyone worked out the rent you would need to get to make it not worth bothering to farm it ones self? Your land lord will also presumably getting bps and maybe a bit of els so could be getting closer to £7000 year which is still crap mind when you look at industrial units or houses.
- Location
- Stoke on Trent
Another thing to consider is Public Liability Insurance. This will protect you in the event of a member of the public getting injured whilst on your land. We can obtain a quotation for you which would be around £200 for the year.