The Rettie Ruminant—December 2018
Rettie & Co. would like to wish our Rettie Ruminant readers a very Merry Christmas and a prosperous 2019!
It has been a challenging year for Scottish farmers: The Beast from the East and the summer heatwave created severe practical complications for stock and arable farmers alike and there is no let up as we head into the Christmas break surrounded by unprecedented levels of political uncertainty. It is certainly a trying time for all involved in the agricultural industry.
In the background, the Scottish farmland market has seen nearly 50,000 acres being publicly marketed in 2018—more than at any point in the previous 10 years. As a result, our Farm Agency team have had an extremely busy time with Nick Ainscough and Chris Hall putting about £20 million worth of agricultural property under offer since January through a combination of private and public marketing. A selection of some of this year’s sales are shown below.
Going into 2019 and beyond Brexit, there is likely to be continued demand for prime arable land and marginal land with potential for forestry. From conversations that we have had with our retained buyers that are actively looking for such opportunities, their appetite remains despite the ‘unknowns,’ and we look forward to capitalising on opportunities for our clients in the months ahead.
If you are considering buying or selling farmland in 2019 and would like a refreshing outlook on the options that are available to you, then please don’t hesitate to contact Nick or Chris.