High price for Lincs land

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THE PRICE of farmland in Lincolnshire has soared dramatically in the past year.

That’s according to regional agricultural business consultants Brown & Co. The firm is reporting that the average price in 2011 was £7,500 an acre – 25 per cent higher than the £6,000 an acre average land was making a year earlier.

Specialists at the firm say the big demand is for commercial arable farms in Lincolnshire.

The firm said factors in play include demand outstripping supply, the current strength of agricultural returns and the lack of attractive alternative investment opportunities.