Tuesday, April 19, 2011

Agricultural land prices hit record high

Agricultural land prices hit record high

Rising food prices have pushed up the price of arable land in parts of the UK, but life is tougher for livestock farmers

Agricultural land prices in Britain have hit record levels following the surge in global food prices, according to figures from Savills.
An acre of prime arable land in East Anglia is fetching up to £8,500 compared with around £3,000 in 2005, with demand driven by the dramatic increase in wheat prices over the past year. Last week, feed wheat was selling for nearly £200 a tonne, a 115% gain on the £93 a tonne price British farmers were achieving this time last year.

Read more: http://www.guardian.co.uk/business/2011/apr/18/agricultural-land-prices-increase

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