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Scottish country sports and tourism to meet up

Scottish landowners and tourism stakeholders will come together next month to discuss expanding country sports tourism, an industry worth over £240million per year to the Scottish economy.   The event, sponsored by Bell Ingram, will be held at Finzean, Royal Deeside, Aberdeenshire on Tuesday 15 May.  The event begins at 9.30am, opening with registration and refreshments, and will finish at around 3.00pm following an optional site visit. To register attendance please contact Joyce Karch at Scottish Land & Estates on 0131 653 5400.

 
FC Wales smooths passage to important woodland

With its fascinating historical features, enchanting scenery and strong links to the end of the last major ice age, i Parkwood on the Gower is a popular tourist location. Forestry Commission Wales has stepped in to ensure a smoother passage into this environmental jewel after the Welsh Government woodland became the victim of its own alluring beauty. The road allowing access to the site of special scientific interest (SSSI) was showing signs of serious wear and tear, with badly pot-holed areas testifying to Parkwood’s popularity.

 
Saffery Champness comment on CAP Reform announcement

Commenting on the announcement on CAP Reform by EU Farm Minister, Dacian Ciolos, Andrew Arnott, a partner of  Saffery Champness Landed Estates & Rural Business Group says: “There was not much in the announcement that had not already been leaked. However, it confirms the intention to distribute subsidies more evenly by way of a cap on payments to farmers at 300,000 euros (£261,240) per year.  A progressive levy, to be applied on all payments exceeding 150,000 euros (£130,620), was also announced as a proposal. Assuming that the proposals will be approved by both the EU parliament and all member states, this will be bad news for many large arable farmers and some medium scale farming businesses, including those in the uplands.It remains to be seen whether the ‘sustainable and inclusive growth’ for European agriculture can really be achieved through these proposals.  I think they could, as they stand, have the opposite effect, acting as a disincentive to invest for farm businesses that are highly-mechanised with lower staffing levels”.

 

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Home Rural agency Savills: Farmland values to rise nearly 10 per in 2011
Savills: Farmland values to rise nearly 10 per in 2011 PDF Print E-mail
Written by David Lewis   
Wednesday, 23 February 2011 09:01

 Farmland and forestry have topped the UK investment performance league over last 3-years

According to Savills Rural Research, the proportion of investment motivated purchasers more than doubled to 31 per cent last year, suggesting that investors have woken up to the benefits of holding farmland. Also the number of new applicant registrations increased by more than 45 per cent; providing further evidence of the current interest in farmland as a strong performing asset. Ian Bailey head of Savills Rural Research says, "In the past 15 years let and in-hand land has outperformed all assets except residential property, but during the past three years farming and forestry have topped the investment performance league in the UK."

However, with the supply of farmland across Great Britain in an historical context remaining tight at 158,000 acres, values could only move one-way. Savills Farmland Value Survey shows the average value of grade 3 arable land for Great Britain increased by 11 per cent in 2010 to £5,250 per acre. This average figure masked some exceptional prices paid, which in some cases reached well over £10,000 in England and over £7,000 per acre in Scotland.

Demand was particularly strong for good quality commercial farmland and so unsurprisingly the highest rates of growth were recorded down the eastern side of England where a number of larger arable units traded.
Alex Lawson, Director of Savills comments, "Anecdotal evidence suggests there was significant activity 'off market' for large commercial farms and estates last year, which was driven mainly by vendors' requirements for privacy, especially in the case of top-end estates."

In the wake of an improved sentiment for prime country property and predictions for a relatively robust run of commodity prices, Savills has revised its baseline forecast for average farmland values upwards to 9.7 per cent growth for this year.

Last Updated on Wednesday, 23 February 2011 09:08
 
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