Farmland proves fertile for investors


The price of prime arable land rose by 277 per cent in the decade to 2014, according to figures published yesterday by Savills estate agency. By contrast prices rose just 41 per cent in the decade from 1994 to 2004. According to the 2014 farmland index published by Knight Frank, the price of land increased last year by 15 per cent to an average of £8,000 an acre. Savills says these price rises beat a range of other assets including prime London property, the FTSE All-Share index and even gold. Prime arable has fared best, especially in the West Midlands and north of England. Ian Bailey, head of Savills rural research, said: 'Best quality land has done much better than poorer land and the gap between the two has widened.'


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