Farmland Prices Soar In Lincoln Despite Economic Woes.

Anyone wanting to guarantee a safe investment need to look no further than investing in farmland, as is proven in Lincoln. Savills have undertaken a study which has seen prices rising even though the government has introduced austerity measures. The agents, based in Doddington Road, Lincoln, explained that the beginning of 2010 saw reasonably priced farming units struggling to sell. However when you look at deals in the later end of 2010 they have far exceeded the guide prices. Stephen Hall, the Savill’s farm agent, confirmed that of the 6,000 acres of farmland and forestry that they marketed in 2010, there was a distinct change in sales. He explained that Westmoreland Farm at Howell near Sleaford sold in autumn 2010 as part of the £13million Brauncewell Estate. The farm is regarded as a farmer’s farm by Savill’s as the sale surpassed the £3.9million guide price by some margin. All in all it reached more than £6,000 per acre.

Another farm, Bunkers Hill, a 757 acre farm betwee
Laughton and Wildsworth, Gainsborough was marketed for £4million in the late summer of 2010. The farm gained interest from both Lincolnshire farmers and investors as the farm was regarded as very well run. In the end an investment company acquired the farm above the guide price which equated to over £5,000 per acre. The tenants of the farm farmed the land prior to the sale.

According to Savills, it is the sustained wheat prices and lack of supply which sustains the faith in farmland as an investment. Savills sees a year on year increase in the short term of about 6%. Lincolnshire boasts 60% of all East Midlands farmland marketed in the national press. Anyone looking for a sound investment should seek out a well run farm so that they can see their investment increasing every year. However due to demand there are not a huge amount available.
http://www.uklandforsale.org/england