The price of farmland in England and Wales dipped by 2% in the last six months of 2017, compared with the same period in 2016, while uncertainty over Brexit saw a sharp drop in the amount of land for sale.
Prices have fallen by 7% since they peaked in the second half of 2015 – before the referendum on Britain’s membership of the EU – to an average of £10,260 an acre, according to the Royal Institution of Chartered Surveyors and the Royal Agricultural University.
The number of those surveyed reporting a drop in land supply increased to its highest level since 2004, with a net balance of 43% reporting a fall rather than a rise in land availability. Average rents also fell.
