Land to let is expected to attract ‘significant interest’
- Credit: Archant
Land agents are expecting the ongoing effects of the fall in Sterling to lift confidence as a highly productive parcel of farmland near Debenham is offered up for let.
Ashfield Place Farm, near Debenham, is available as a whole or in three lots through informal tender by Clarke and Simpson.
The farm, totalling more than 800 acres (324 hectares) consists of highly productive arable land and is being let on an initial five year Farm Business Tenancy, with a view to extending the term.
The land, which lies in the parishes of Ashfield cum Thorpe, Debenham and Kenton, was previously farmed in hand and more recently under a tenancy.
It is available to let from October 1 and is being offered to the market by informal tender with a closing date of noon on April 26.
The first lot, land at Ashfield Place Farm, is arond 381 acres (154ha) of arable land with the benefit of a 1,000 tonne grain store and additional general purpose store, with LPG gas drying facilities and adjoining delivery bin. The average field size is in excess of 20 acres.
The second lot at Kenton totals 237 acres (96ha) and comprises 12 arable areas with field sizes averaging approximately 20 acres.
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The third lot, at Debenham, is made up of seven “excellent size” fields totalling 183 acres (74ha).
The land consists of highly productive Hanslope and Beccles 1 Series Grade 3 soil types, capable of producing more than four tonnes an acre with a farming rotation of winter wheat, winter barley, oil seed rape and sugar beet.
Partner Oliver Holloway said: “It is a highly productive commercial arable farm and is one of the largest blocks of land to come on to the market to let within this area for some time.
“It will certainly be a very good benchmark as to what the appetite is for good arable land under a Farm Business Tenancy.
“Although there is no doubt that the farming industry has been difficult over the past couple of years, it appears that confidence has increased in recent months following Sterling’s ongoing weakness and which has buoyed commodity prices and is also likely to boost future EU subsidy payments.” He was expecting “significant interest” from local farmers and contractors looking to extend their existing holdings, and the lots had already attracted enquiries.