Since H2 2018 the RICS Rural Land Market Survey has not been produced due to it no longer being ‘on a sustainable footing in terms of sample size’ In 2019, the average bare agricultural land in England and Wales was ~£7000 p/ac, about 3% lower than it was 12 months earlier, and 5% down over…
Commodity 2020 (£) 1970 (£) Av. Price of UK farmland/ac. c.7000 c.2500 Av. Price of Wheat/tonne 198 c.300 Av. Pay/hr for farm worker 8.74 7.02 Av. Price for Urea/tonne 247 417 Spiking wheat prices in the mid-1970s and early-1950s (reaching a peak of c.£650/t in…
Rural Land Market Survey 2018 RICS H2 2018 – Demand continues its decline while supply holds steady; Rents rise for both arable and pasture farmland The H2 2018 RICS/RAU Rural Land Market Survey shows a continued softening of activity, with Brexit uncertainty likely the key factor. Demand has continued to decrease, while supply has remained…
