DEMAND FOR FARMS

Waikato Times, Volume 126, Issue 21039, 15 February 1940, Page 13

DEMAND FOR FARMS

BOOM IN BRITAIN i ___ FIELD FOR INVESTMENT (From a Correspondent) LONDON, January 12 ! A boom in the sale of farms and j agricultural estates has begun in : Britain. Insurance companies, Cambridge colleges and iinancial cor--1 porations. as well as private pur- ? chasers, are buying up, or looking • for, farming properties, partly as p ] lock-up investment for a class of investor seeking tangible assets. The fact that farmers also enjoy the unique option of paying incom tax on rental v?lue, and not profits, is attracting a lot more working capital into the industry. In consequence, says one of the leading firms of estate agents in the countrv. “prices of agricultural land are hardening.” j A well-known London firm has i. | client who is anxious to put £l5O 000 |in good dairy and corn farms. Anf other MiiVmd firm of agents report . that the ranks of farm buyers have ■ been considerably augmented lately by business men. "They believe,**’ ] the firm states, “that agricultural ■ land not only affords some protection ' against inflation, but is a security not | likely to be materially damaged by | war in this country.’’ j Suffolk farms are now in demand. • Two large estates round Bury St Edmunds which hate been in the market for years are about to change hands. A 3000-acre estate near Louth, Lines., was sold for £42,500. and over £17,000 was gfven fo** 480 acres near Wellington, Sal#>p.