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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 Farmland outperforms other assets as rising values hit record high
Farmland outperforms other assets as rising values hit record high PDF Print E-mail
Written by Julia Evans   
Tuesday, 19 April 2011 12:19

  Rural Report - farmland values have survived the credit crunch

According to Knight Frank's latest Farmland Report resilience is part of what makes farmland so attractive as an investment and should help ensure values continue to rise steadily during 2011. The report highlights that:

  • Farmland values rose by 3% in the first 3-months of the year and are now 11% higher than 12 months ago.
  • The average price of agricultural land in England is now almost £6,000/acre, a record high.
  • Farmland has performed far more strongly than many other asset classes over the past 10 years.


Tom Raynham, of Knight Frank’s farm sales team, says: “When you look at the performance of other investments, such as the FTSE 100, the farmland market has been far less volatile and survived the credit crunch in much better shape. That hasn’t been lost on private investors and we have noticed a lot more interest in good quality arable land and farms, especially now that commodity prices have also started to increase.

 

“Wealthy individuals have always enjoyed owning land because of its amenity value, tax-planning benefits and as a long-term hedge against inflation, but now they are also starting to look more carefully at its potential to generate an annual return as well.

“Demand also continues to outstrip supply with relatively few potential sellers keen to test the market at the moment. Ironically, we have buyers across the country crying out for good properties.  If interest rates rise it will be interesting to see whether more farms are put up for sale, but at the moment there are no signs of any significant increases this year.”

Clive Hopkins, head of farms and estates sales, comments: “Shortage of supply is also affecting the market for country estates, despite the current economic uncertainty. We still have a number of clients prepared to spend a lot of money on a really good estate. But at the very top of the market there isn’t really enough choice to draw buyers into the market. This makes people nervous about making an offer; they need the confidence of knowing that others are also making bids at similar levels.”

Last Updated on Tuesday, 19 April 2011 12:27
 
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