HROC (agency) - Kubota
Farminguk
01 September 2016 | Online since 2003
Briefing Media - FG Classified


30 January 2014 05:03:36 |Finance,News,Property News

Queen's agricultural investment reaches £19m


The Duchy of Lancaster, which manages the monarch's portfolio of land investments, has announced the purchase of 560 acres of land comprising Quadring Fen Farm in Lincolnshire as part of its strategy to increase agricultural land holdings. This brings the organisation’s investment to £19 million since the strategy was first implemented three years ago.
In 2010 the Duchy of Lancaster announced that an investment would be made in the acquisition of higher quality farmland to add to its existing estates in England and Wales. The intention being to acquire good quality farmland adjacent to or contiguous with the Duchy's existing land holdings, or the acquisition of a large enough block of land to be regarded as a new 'standalone' estate, for the preserve of the UK farming industry.
An initial investment by the Duchy was made in 2011 with the acquisition of 1,066 acres of land at Park Farm, Donington, South Lincolnshire. This was followed by a subsequent acquisition of 244 acres nearby at Drayton House Farm, Swineshead, in 2012. This latest addition to the portfolio, Quadring Fen Farm, brings the Duchy’s agricultural land holding in the area to 1,870 acres.
Philip Coles, the Duchy's Rural Surveyor of Lands, said: “All the land acquired comprises very good quality silt soils of Grade I and II character, and the total land holding acquired is capable of being farmed as one or in separate component parts. Further funds are available for investment in similar quality farmland in England and Wales.”
Founded in the 13th century, the Duchy of Lancaster is a private portfolio of land, property and assets held for the Sovereign in Right of His or Her Duchy of Lancaster. Today the Duchy of Lancaster is custodian of 18,700 hectares across England and Wales, including urban developments, historic buildings, farmland and areas of great natural beauty.

Download

0 Comment

loginuserlogo
Name

Please enter your name


Email

Please enter your email

Please enter valid email


Comment

Please enter your comment


Post Comment

Your comment has been submitted successfully. Please wait for admin approval.


Comments

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


New Zealand | 31 August 2016
Agribusiness: Managing risk key to dairy farming future

Few industries generate as much discussion or concern in New Zealand as dairy farming. Currently, there is much discussion about the high levels of dairy debt. Those with long memories will know th...


USA | 31 August 2016
Farmworker overtime bill is another factor in agricultural evolution

Everyone knows about the California Gold Rush – the massive migration of fortune seekers to the hills of the former Spanish colony in the 1840s and 1850s. During the same period, however, there was...


Australia | 31 August 2016
Cattle exporter misses prospectus targets

Live cattle exporter Wellard Group has missed its prospectus forecasts on revenue, profit and margins, booking a $23 million annual loss instead of the forecast $9 million net profit. Stripping out...


USA | 31 August 2016
The future of agriculture could rest with self driving tractors

With all the talk of autonomous cars from Tesla’s master plan to take on Uber to the legacy automotive players like Ford and Audi pursuing the self-driving agenda, there’s little talk on self-driving ...


New Zealand | 31 August 2016
Stolen herd of dairy cows would cost at least $1m

The theft of 500 dairy cows worth $1 million is no joke and if it had been a bank robbed of this amount there would be a big fuss, says Federated Farmers. Dairy chairman Andrew Hoggard said the the...



Trending Now

Viewed
Discussed


Top stories you may have missed
FarmingUK
FarmingUK Logo

FarmingUK

A new survey has revealed that the vast majority of British consumers belie...


FarmingUK
FarmingUK Logo

FarmingUK

The British public are overwhelmingly in favour of keeping or strengthening...


FarmingUK
FarmingUK Logo

FarmingUK

The sustained recovery of pig prices since the spring has come at a time wh...


FarmingUK
FarmingUK Logo

FarmingUK

A World Trade Organisation (WTO) panel has declared the Russian import ban ...


FarmingUK
FarmingUK Logo

FarmingUK

A new study has linked oilseed rape crops grown from neonicotinoid-treated ...


FarmingUK
FarmingUK Logo

FarmingUK

Philip Hammond is to guarantee billions of pounds of UK government investme...


FarmingUK
FarmingUK Logo

FarmingUK

Access to the foreign labour market is 'critical', according the chief exec...


FarmingUK
FarmingUK Logo

FarmingUK

The Tenant Farmers Association has said the National Trust's vision for a p...


FarmingUK
FarmingUK Logo

FarmingUK

Ulster farmers will 'not lie down and wave the white flag' when Brexit nego...


FarmingUK
FarmingUK Logo

FarmingUK

The cost of rural crime to the UK economy costs £42.5 million a year, accor...


closeicon
Username
Password