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Stags Agricultural departments report an easier trade for Grass Keep this Spring following the kind weather last year. Many farmers have had plenty of silage and hay left over this year and pressure on nearly all commodity prices has not incentivised producers to keep more stock. Price ranges varied dramatically with the best being sold at £140 per acre in East Devon, last year’s top price was £166 per acre.
Despite this Stags have let more land this year as more landowners wish to improve their position for the new Basic Payment Scheme (BPS) and their long term position with regard to Agricultural Property Relief (APR). With the new BPS it is even more important to have the right paperwork in place when selling ‘the crop of grass’, these landowners have also benefited from reviewing rents that have long remained the same. In total Stags have let just under 4,000 acres across the South West this Spring which is an 18% increase on last year.
Stags, Tiverton 01884 255533