Scottish farmland splitting into two-tier market
Top arable and hill land lead the way in Scotland as pasture values fall back.
1 minute to read
The average value of Scottish farmland grew slightly during the first half of 2017, according to the latest results of the Knight Frank Scottish Farmland Index.
Across the board, prices rose by 0.6% to £4,253/acre. However, performance varied depending on land type. Good arable land and hill land were the strongest performers with values for each rising by 2% to £9,200/ace and £707/acre, respectively. Poorer quality arable land and pasture either remained static or saw prices fall slightly.
A shortage of supply, combined with continued demand from commercial farmers who feel better placed to weather the implications of Brexit is supporting the value of quality arable units. So far this year relatively few farms have been launched publicly. However, three good-sized units have sold privately in the Borders.
Read the full report for more analysis and data.
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