Much agreement. However, I still hold that land is overpriced, certainly when you compare price per acre with £s output per acre. I know what my gross margin/acre is, and it would take me an awfully long time to earn £8000.I’d say another problem is farmers buying up farms.
Every time a farm comes up for sale up here it gets snapped up by the farmer who lives next door.
You can never have too much land / outbuildings.
I’d do it if the place that borders mine came up for sale.
However, we need to remember that these are not just nice properties, with a lifestyle attached, but fairly big businesses with large turnovers.
Why shouldn’t they command a high price?
No one bemoans the lack of opportunities for young people to buy factories or quarries or any other business really.
It’s expected that to buy your own business, you need some capital behind you first. This means it’s invariably people in their 40s plus who buy farms. Makes perfect sense to me.
Having said that, there are still hundreds, if not thousands of tenant farms up here. Most are on multi generational AHA leases, but they do come up for lease occasionally.