Farms of more than 500 acres were now commanding ‘premium prices’ from buyers with no farming background which was ‘changing the face of the market’.
However, whilst the pandemic has encouraged people to move to the countryside, the increased interest in larger acreage properties could also benefit rural communities as higher income earners move to rural communities and bring investment with them.
The opportunity to rent new land holdings by farmers unable or unwilling to spend millions on growing their ownership portfolios, would increase competition by driving innovation and much needed change to current farming practices.
The paper warns that as tenanted land is difficult to secure, by increasing the volume available it would increase prosperity, which in turn would benefit all rural communities and not just the landowner.
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