Foreign investment in Australian farmland and related businesses is coming under closer scrutiny.
About 11% of Australia’s agricultural land is foreign-owned, with the highest proportion (24%) in the Northern Territory. On 1 March the Australian government brought in new rules which mean that foreign investors buying farms and land in the country have to seek its prior approval.
Oxfordshire, Devon and Northumberland offer farmland opportunities this week.
A substantial 665-acre predominantly arable farm near Oundle, Northamptonshire, is for sale in 21 lots or as a whole for £7.8m.
A contract farming agreement covers the 512 acres of wheat, spring barley and oilseed rape at Green Farm, while 69 acres of permanent pasture is grazed under licence.
The Land Registry is headed towards privatisation, in a move which will give private firms a say in the granting of land rights, according to leaked minutes from a meeting of its board members.
Former executives from the body, which registers the ownership of land and property in England and Wales, say that a sell-off "beggars belief" because it will allow the private sector to adjudicate on what can be conflicting interests between sellers, buyers, lenders and neighbours.
Farmland prices hit yet another record high during the final six months of 2013, having jumped around 15% in the space of a year, says the RICS/RAU Rural Land Market Survey H2 2013.
During the second half of last year, the average cost of farmland rose to £7,754 per acre* across England and Wales, hitting a record high for the ninth consecutive period. The cost of land is now 14.3%higher than during the same period in 2012 when an acre cost, on average, just under £6,800.
The Co-operative has shocked the farming industry by announcing it is to pull out of agriculture and put its multimillion-pound farm business up for sale.
It has also sent a ripple of concern through farming circles over the potential impact that offloading an estimated 6,750ha (16,700 acres) of owned farmland will have on the land market.
The sale of a versatile 165-acre livestock and arable farm in rural North Shropshire, which had a guide price of £1.75 million, has been completed by leading country property specialists Halls. Rowe Farm at Welshampton was originally marketed as part of the Park Hall Farm Estate, near Ellesmere, which had a total guide price of £8.25 million and comprised a state-of-the-art dairy enterprise, 11 luxury log cabins, two farmhouses and 680 acres of land. However, Park Hall Farm, which had a ...
A large mixed farm, which is home to the well-known Chargot shoot, is the first holding to come to the open market in the South West this year.
With arable, pasture and woodland, Langham Farm at Luxborough, near Watchet, totals 655 acres.
The average price of English farmland rose by 11% to a record £6,882/acre in 2013, according to the latest results from the Knight Frank Farmland Index.
During the same period, gold – an asset class farmland is often compared to – lost almost 30% of its value. Land almost kept pace with the 14% annual hike in the resurgent FTSE 100.
Country property specialists Halls have completed the sale of a well known dairy farm in North Shropshire, which was on the market for around £5 million. The sale of Park Hall Farm, near Ellesmere, which was part of the 680-acre Park Hall Farm Estate, marketed with a guide price of £8.25 million, was completed on December 23 on behalf of Tedsmore Hall Services Ltd. The new owner is a well known Shropshire farming family, who also purchased the milking portion of the farm’s dairy herd, wh...