According to the latest Royal Institution of Chartered Surveyors Rural Land Market Survey, in the first half of 2013 values of farmland in Great Britain reached another record reaching £7,441 per acre. This increase triples land values from 2004 when they were £2,450 per acre. The growth in prices has been driven by demand from both farmers and investors in response to increases in commodity prices and the belief that farmland is a ‘safe haven’ investment and a lack of high quality farmland on the market. Demand for commercial farmland is expected to remain strong for the coming year with the Northwest seeing the most expensive land at £8,813 per acre and Scotland having the cheapest land at £4,438 per acre.
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