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Agricultural Land

Volume 165: debated on Wednesday 17 January 1990

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To ask the Secretary of State for Wales what was the average price paid for the following agricultural land in Wales during 1989 (a) lowland. (b) marginal and (c) hill land; what were the corresponding figures for each of the last 10 years; and if he will make a statement.

Information is available only on the basis of land grade. The average price paid for agricultural land of five or more hectares in vacant possession is shown in the table:

Average land prices (£): Reported in 12 months ended September
Grades 1 and 2Grade 3Grades 4 and 5
19792,5932,3681,607
19804,3513,2402,181
19814,5043,1172,027
19823,3533,1191,792
19833,0023,4432,079
19844,8013,8162,427
19855,5123,7052,070
19864,2383,6422,213
19873,2923,1712,196
19884,3762,9061,604
19895,0653,6803,627

Note: Grades 1, 2 and 3 approximate to the lowland areas, grades 4 and 5 to the less-favoured areas of marginal and hill land. There is a lag between agreeing a sale and reporting it which means that prices reported in the 12 months ended 30 September generally related to sales agreed in the previous calendar year.