NIOBIUM LABS M.E.P.E
Farminguk
29 May 2016 | Online since 2003
Less co2 Limited


5 March 2014 04:38:52|Finance,News,Property News

Banking crisis may still impact farmland prices


The banking crisis may still have a further and unforeseen impact on the UK's farming industry, according to accountants.
With news that the Co-operative Bank is likely to show a loss of over £2 billion when it reports its results in March, the society announced that it will be selling off its entire farming businesses which cover some 50,000 acres spread over thirteen locations.

It is not yet known how this sale will be arranged but the release of such a significant block of land may have a disproportionate impact on farmland prices – in previous years the total land publicly offered for sale has tended to run at 120,000-150,000 acres and rarely has so much land become available in such large blocks (the average unit will be nearly 4,000 acres).
David Missen, agriculture specialist and Larking Gowen Partner commented: “It seems quite possible that the entire estate may be snapped by a single insurer or pension fund that would certainly see some advantages in acquiring such a substantial block in a single purchase.
"Alternatively each of the individual farms would be highly viable units in their own right and therefore there may be significant opportunities for smaller businesses to expand their operations. Either way, the land market in 2014 seems likely to be a lively one!”

Download





0 Comment


loginuserlogo
Name

Please enter your name


Email

Comment

Please enter your comment


Post Comment

Your comment submitted successfully.Please wait for admin approval.


Comments

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

World News

Canada | 27 May 2016
Southern Ontario farmers launch their own weather network

Southern Ontario farmers are building their own weather network to more accurately record how conditions will affect their crops. The AG Grower Daily Dashboard project is designed to give farmers h...


Australia | 27 May 2016
National Australia sees farmers seeking loans to weather crisis

National Australia Bank Ltd., the nation’s largest lender to farmers, is expecting its dairy clients to seek short-term credit to assist them as slumping milk prices have thrown the industry into a cr...


USA | 27 May 2016
Central Indiana county approves livestock farm restrictions

A central Indiana county has approved new restrictions on big livestock farms limiting where those farms with hundreds or thousands of animals can be built. The ordinance approved this week by the ...


Ireland | 27 May 2016
Dairy farmers' income plight in spotlight

IFA president Joe Healy, who met with EU Agriculture Commissioner Phil Hogan in Brussels, said the majority of dairy farms will be in the red this month. He urged the Commissioner to act without de...


Canada | 27 May 2016
The changing face of Canada's farm industry

Mapping the evolution of Canada's farm industry is not as simple as just examining the numbers. Every five years, Canada's federal government asks us to provide details on who lives in our househol...



Trending Now

Viewed
Discussed

Farms and Land for sale

PropertyLocation
PropertyAgent
PropertyMinimumPrice
PropertyMaximumPrice
PropertyCategory

Holiday Rentals search

AccommodationKeyword
AccommodationType
AccommodationCounty
AccommodationStarRating


Top stories you may have missed
closeicon
Username
Password