Brancote Farm reflects strength of commercial arable sector

    The commercial arable sector is going from strength to strength, as our highly successful sale of Brancote Farm at Tixall, near Stafford, demonstrates.

    The approximately 213 acres of prime arable land (and the fine seven-bedroom farmhouse) attracted over 40 viewings — a huge volume compared with the usual 15 or so — and achieved a figure in excess of the guide price of £2.25 million.

    Brancote Farm, developed as a model farm by the Earl of Shrewsbury in 1850 and in recent years run as a mixed arable and stock farm, attracted potential buyers from far and wide, including Surrey, Norfolk and Ireland. However, about half of them were commercial farmers from Staffordshire and Shropshire, and the farm was ultimately sold to a local farming family.

    Such intense interest is a clear indication of the confidence that UK arable farmers are currently feeling in the wake of poor harvests, which have pushed up commodity prices and put farmers in a strong position for financing the expansion of their businesses. The signs are that if land is of high quality, there are plenty of buyers waiting to snap it up.

    ‘There is huge demand from farmers, private individuals and corporate buyers both for working farms and large blocks of commercial farmland,’ says Tony Morris-Eyton, who handled Savills sale of Brancote Farm. ‘Our latest research shows that average prices for prime arable land increased by 1.9% to £7,800 per acre across Great Britain during the first quarter of this year.

    ‘Farmland is undoubtedly one of the top asset classes at the moment; already this year there have been several transactions both on and off the market at prices of well over £10,000 per acre for high quality land. If I could get hold of 200–500 acres of prime arable land, I have a ready-made list of people who would buy it.’

     
     

    Key contacts

    Tony Morris-Eyton

    Tony Morris-Eyton

    Head of Office
    Residential

    Savills Telford

    +44 (0) 1952 239 500

    +44 (0) 1952 239 500