05 July 2015 | Online since 2003

Agricultural rent prices rise 13 per cent



30 April 2014 07:49:41|News,Property News

Agricultural rent prices rise 13 per cent


The average cost of renting agricultural land has risen 13 per cent since last year, new figures show.

Scotland's Chief Statistician today released the latest figures on Tenanted Agricultural Land in Scotland.

Average rent for land was £38 per hectare in 2013 compared to £33 per hectare the previous year. The increase was largely driven by an above-inflation rise in rent prices for poorer-quality Less Favoured Area (LFA) land, which was up 24 per cent from £20 to £24 per hectare. The average rent of other land rose by three per cent from £126 to £130 per hectare over the same period.

Rents were highest in Fife and the Lothians, and lowest in Shetland and Eileanan an Iar.

The report also contains new figures on seasonal lets. These show that the decline in longer-term rented land - which has fallen from 1.61 million hectares in 2005 to 1.37 million hectares in 2013 - has been offset by an equivalent increase in seasonal lets, meaning the total amount of rented agricultural land has remained constant since 2005 at around 2.17 million hectares.

Analysis of the results of the Farm Accounts Survey suggest that there is no clear link between profitability and whether a farm is wholly owned or wholly rented.

The figures released today were produced by independent statistical staff, free from any political interference, in accordance with professional standards set out in the Code of Practice for Official Statistics.

Download




Comments


No comments posted yet. Be the first to post a comment

To post comment without approval login or register

Display name

Please enter your name

Email (optional)
Comment

Please enter your comment

Post Comment

Your comment submitted successfully.Please wait for admin approval.

Some error on your process.Please try one more time.



Jobs


Start Date: 3 July 2015
Job for Harvest Tractor Driver  >>Ipswich, Suffolk

Arable farm in Suffolk requires tractor driver for harvest work.  Tasks will primarily be cultivations (with a new John ...


Start Date: 17 June 2015
Job for Teleporter driver >>Worksop area<<

Contractor requires a teleporter driver to do many tasks.   For insurance purposes you must be over 21.


Start Date: 24 June 2015
Job for AD Plant Operator/Tractor Driver>>> Norwich

A permanent position is available on our, well equipped dairy and arable unit which is part of our mixed farming business in ...


Start Date: 20 June 2015
Looking for a summer job? Can you drive a loader and a tractor? Good team player?

We are looking for a confident driver with some knowledge of bales....(not just rolling in them!), to join us for the season ...


Start Date: 19 June 2015
Experienced Stockman/Tractor Driver/General Farm Worker  >>Newtown, Mid Wales<<

Experienced Stockman/general farm work able to drive a tractor. 

200 beef cows, 2500 ewe flock and our mechanised po...





Top stories you may have missed
5 June 2015 | Cattle

A strong pound and increased red meat imports coupled with a plentiful dome...


5 June 2015 | Arable

Depression is affecting Wales' farming industry and there is a need to use ...


5 June 2015 | Arable

With just one week to go before the final judging and announcement of the w...


5 June 2015 | Finance

A rural law expert has highlighted the importance of good succession planni...


5 June 2015 | Farmshops

A south Yorkshire dairy farming family is pulling out all the stops to prom...


4 June 2015 | Finance

Predicting what is going to happen to wheat prices is a challenge, but in s...


4 June 2015 | Agri Safety

A Lancashire based livestock theft prevention scheme is aiming to go nation...


4 June 2015 | News

A female farmer has been recognised by the farming and conservation industr...


4 June 2015 | Finance

The new Conservative government appears to be preparing to implement cuts f...


4 June 2015 | Arable

The Rural Payments Agency (RPA) will have mobile support units at the follo...