Farmland Market Update

The renewed confidence in the farmland market has contributed to a somewhat unexpected increase in demand, resulting in land values growing strongly throughout 2021 and gaining a momentum this year that looks set to continue.

This confidence is being led by investors and non-farming buyers who see farmland presenting a real asset investment opportunity that is high in environmental value.  A growing population and focus on decarbonising the economy means farmland is in demand for a broader range of uses than ever before – not what a true farmer wants to hear but it is no longer just about food production.

The farmer market is just as strong with confidence levels high, which has produced stiff competition for well-placed farms and land, one of the main contributing factors is that demand continues to outweigh supply.

Here at Armitstead Barnett, we have been very busy selling and agreeing sales this summer on more than 850 acres in Lancashire and Cumbria.  The prediction for the remainder of this year appears to be positive despite economic and political uncertainties.