Farmland values fall
Farm land values have fallen considerably although a true assessment in every district is difficult because of the lack of sales, according to a senior Wrightson finance specialist Mr Barry Brook told the Institute of Agricultural Science conference that a crude relationship of two and a half to three times gross farm income for the market value of land and buildings had been re-established for livestock farms. This relationship had existed until the end of
the 1970 s but then rapidly escalating land values had pushed the ratio up to six times annual gross. In terms of stock units this trend had been measured at $7O a unit in 1986-87, compared with $lOO in 1985-86 and about $l6O in the two previous financial years. In May this year twotooths averaged $l2 (compared with $25 the previous May); five-year ewes were $8 ($18); cows $3OO ($500); steers $lBO ($350) and 18-month hinds $l7OO ($3500).
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Press, 12 September 1986, Page 20
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156Farmland values fall Press, 12 September 1986, Page 20
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