Skip to main content

Agriculture Land Prices

Volume 978: debated on Monday 11 February 1980

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Secretary of State for Wales what was the average price paid for agricultural land in Wales in 1979; what were the corresponding figures for the last 10 years; and if he will make a statement.

The information is as follows:

AGRICULTURAL LAND PRICES IN WALES*
Period during which sales reported to Board of Inland Revenue (Year ending September)Year during which most of the bargains struck (Calendar year)Average price (With and without vacant possession) (£/hectare)
19701969304
19711970306
19721971393
19731972672
19741973952
19751974809
19761975814
19771976910
197819771,215
197919781,655
19792,118‡
* Figures collected and analysed by the Board of Inland Revenue and published by the Welsh Office covering all sales of agricultural land of 5 hectares (4 hectares before October 1978) and over, excluding sales for non-agricultural purposes, and gifts, but including inter-family sales and sales where the vendor retained certain rights over the land.
† There is a delay between the date on which a sale is agreed and the date on which it is notified to the Inland Revenue and then included in the series. There is no definite information on the extent of the time-lag but it is thought to average between 6 and 9 months. This means that the average reported prices for the 12 months ended 30 September reflect, very approximately, the prices of land sold during the previous calendar year. The format of the table allows for this lag.
‡Estimate based on the percentage change in vacant possession agricultural land prices as indicated by the ADAS/AMC Agricultural Land Prices series.