While some farmland values across Britain continue to be hampered, we believe the trend initially spurred by weakness in commodity pricing during 2014 is slowing. Our most recent Farmland Value Survey revealed an average fall of around only 2% year on year across all land types and geographies. Disparity is evident, with some more commercial areas and lesser quality properties seeing greater falls than others. Yet, in certain circumstances, excellent sale results are and will continue to be achieved.

We are confident on the market’s longer-term fundamentals and expect dynamics to firm up as the outcome of Brexit further materialises. GB farmland remains an attractive investment proposition, buoyant against inflation with realisable upside from a return to capital uplift and further enhancement from diversification and/or development windfall.