Record farmland prices – good or bad for farmers?
A SURGE in the price of farmland across Britain is not necessarily good news for farmers, according to an expert from Harper Adams University. Latest figures from a survey conducted by The Royal Institution of Chartered Surveyors show the average price of an acre of farmland in the West Midlands reached £7,625 in the second half of 2012 – a record high. And the survey concludes values are expected to continue to rise, especially for larger blocks of commercial farmland. Charles Cowap, Principal Lecturer in Land Management at Harper Adams University, said while the news may be