English Estates & Farmland Market Review | Summer 2024
The price of agricultural land in England is very variable, with arable land values ranging from £6,500/acre to a high of £17,000/acre during the first six months of the year.
Latest analysis of the Farmland Database – which records the sale of all farms, estates and blocks of publicly marketed land in England over 100 acres in size – shows the average sale price of arable land was £11,000/acre in the first half of 2024, which remains close to record levels.
However, values can vary significantly, even within a relatively small geographic area, with a combination of increased supply and a levelling off in demand having an impact.
The database shows that more farmland has been publicly marketed in England during the first half of the year than in any year since 2012. In total, 59,800 acres have been launched so far in 2024, which is 35% higher than the five-year average and 23% higher than during the equivalent period in 2023.
Looking ahead, given the continued pressures on the farming industry, demand from farmer buyers is likely to continue to be variable. However, there remain enough other buyers in the market to avoid any significant downwards pressure on values.
Read the full English Estates & Farmland Market Review – Summer 2024 edition for more detail on:
- Market outlook
- Supply
- Demand
- Pricing
