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English Farmland Market Review

English Farmland Market Review | Summer 2016

Q3 2016

At the half way point through the year, our report shows signs that the land market has started to slow down, partly due to a late market caused by poor spring weather but also uncertainty prior to the referendum.

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The UK’s decision to take a step back from Europe and the Common Agricultural Policy will inevitably have implications for both the short and long term direction of the farmland market.

Markets like certainty and the agricultural industry is now facing uncertainty as to the general direction of a UK-only agricultural policy and more specifically the future level of subsidies.

There had been warnings that a vote to leave the EU could result in significant drops in land values, but we always felt these risks were overstated. The value of farmland has never directly related to its earning capacity and there are many reasons why land remains an attractive purchase for a range of buyers.

Since the result was announced, we have not seen a farm or land deal fall through due to the Brexit vote and indeed we continue to see interest for the farms and farmland on the market.

Click here to read our farmland market review