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vtsnowedin
Joined: 07 Jan 2011
Posts: 5240
Location: New England ,Chelsea Vermont
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 Posted: Tue Feb 05, 2019 12:34 am Post subject: |
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| clv101 wrote: |
Regular agricultural land in England and Wales (excluding high elevation or very small parcels) sells for around £5-10,000 per acre. |
The farm my new neighbor bought cost them $510,000 USD and has a house plus dairy barns and forage silos on 200+/- acres. The house is just average but serviceable so including the house site might be $150,000 but the barns and silos are a hard guess because if you don't want to get back into dairy are ill suited for much else so might have a value in line with the buyers plans and also might be worthless and bear the cost of removing them. Let's guess they are worth $60,000 to his plans so you have 200 acres for $300,000 or $1500 per acre. I think they will have a hard time turning a profit at that and can't imagine anyone willing to pay £5-10,000 per acre. |
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clv101
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Joined: 24 Nov 2005
Posts: 8064
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| Posted: Tue Feb 05, 2019 9:18 am Post subject: |
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| vtsnowedin wrote: | | I think they will have a hard time turning a profit at that and can't imagine anyone willing to pay £5-10,000 per acre. |
Yes, price of agricultural land is much too high in the UK. I was at a farming conference last month where this was discussed, conventional farming just isn't profitable if land has to be bought at that kind of price. I think someone said land shouldn't cost more than 20x annual profit - so at current prices, you'd need £250-500 profit per acre.
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Vortex2
Joined: 13 Jan 2019
Posts: 196
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| Posted: Mon Feb 11, 2019 11:25 pm Post subject: |
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Yes, price of agricultural land is much too high in the UK. |
Land in any form has become a depleting resource in the UK as the population grows.
Accordingly it has a value which is likely to increase.
Probably better than a deposit account or Premium Bonds. |
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kenneal - lagger
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Joined: 20 Sep 2006
Posts: 11207
Location: Newbury, Berkshire
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| Posted: Tue Feb 12, 2019 7:32 am Post subject: |
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| Vortex2 wrote: | | ....Land in any form has become a depleting resource in the UK ................... |
... as climate change causes sea level to rise. Vast swathes of the best agricultural land will go under water; the Wash down to Cambridge; the south coast from Southampton along to Brighton. I could go on but go to http://flood.firetree.net/ to see where the land will go from.
Other land will go as well as soft rock cliffs erode as their beaches get washed away and the newly exposed low lying land will erode even further as it also gets washed away. What is shown on the flood maps doesn't show what erosion will do on top of the flooding in soft sediment and rock areas.
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