Land values:
the national view
Growth has seen a subtle increase in pace on an annual basis, with pasture land reaching another record high. The Northern regions have largely fuelled recent increases, and growth patterns have varied across different regions in preceding quarters, underscoring the importance of local and regional market dynamics.
Despite ongoing structural change in the industry, there remains a significant level of interest from a varied buyer base. This includes those buying for commercial farming, who remain a key driving force in the market, as well as buyers with environmental and amenity interests.
The suspension of new Sustainable Farming Incentive (SFI) applications could intensify financial pressures for some agricultural businesses, compounded by an ongoing input-output price imbalance for some producers and increased debt costs.
£9,811
per acre
Average arable land value in Q1
from
Q4 2024
0.9%
+1.5%
from
Q1 2024
£7,956
per acre
from
Q4 2024
0.8%
+1.9%
from
Q1 2024
Farmland
Market Update
Average farmland values in England and Wales experienced moderate growth in the first quarter of the year despite unabating political and economic headwinds. Longer-term growth shows resilience, underpinned by a diverse buyer pool and limited supply by historical standards.
FIGURE 5
Commodity prices
Source: Carter Jonas, AHDB, Farmers Weekly, Defra, ONS, OPEC
Input
Outputs
CRUDE OIL
Unit
Latest data
Date
Quarterly change
Annual change
£/barrel
57.3
March' 25
-0.8%
-13.5%
Fertiliser
Unit
Latest data
Date
Quarterly change
Annual change
£/tonne
377.3
March' 25
13.1%
10.3%
Red Diesel
Unit
Latest data
Date
Quarterly change
Annual change
pence/litre
78.1
March' 25
2.6%
-8.5%
Feed Wheat
Unit
Latest data
Date
Quarterly change
Annual change
£/tonne
187.4
March' 25
-1.9%
5.6%
oilseed rape
Unit
Latest data
Date
Quarterly change
Annual change
£/tonne
425.2
March' 25
-0.7%
13.9%
MILK
Unit
Latest data
Date
Quarterly change
Annual change
pence/litre
46.0
Feb' 25
1.3%
18.7%
BEEF
Unit
Latest data
Date
Quarterly change
Annual change
pence/kg dw
674.4
March' 25
23.1%
36.5%
Pork
Unit
Latest data
Date
Quarterly change
Annual change
pence/kg dw
200.8
March' 25
-0.9%
-3.4%
Click a location for
a local overview
East of England
Arable
Pasture
£8,000
£7,000
£12,000
£9,500
£9,750
£8,000
0.0%
0.0%
2.6%
6.7%
Low
£ / acre
Prime
£ / acre
Average
£ / acre
Quarterly %
Annual %
East of England land values
North West
Arable
Low
£ / acre
Prime
£ / acre
£ / acre
Quarterly %
Annual %
Average
£8,200
£6,750
£12,300
£10,250
£10,250
£8,200
2.5%
2.5%
2.5%
2.5%
Pasture
North West land values
Wales
Arable
Low
£ / acre
Prime
£ / acre
£ / acre
Quarterly %
Annual %
Average
£8,250
£4,250
£10,000
£10,000
£8,500
£6,500
0.0%
0.0%
0.0%
0.0%
Pasture
EMAIL Hugh
01248 360417
Partner
Hugh O’Donnell
Wales land values
North East
Arable
Low
£ / acre
Prime
£ / acre
£ / acre
Quarterly %
Annual %
Average
£6,650
£4,400
£9,000
£6,650
£7,750
£5,900
3.3%
2.6%
3.3%
2.6%
Pasture
EMAIL Sam
01423 707801
Associate Partner
Sam Johnson
North East land values
Yorkshire and the Humber
Arable
Low
£ / acre
Prime
£ / acre
£ / acre
Quarterly %
Annual %
Average
£8,200
£5,700
£11,275
£7,500
£9,300
£7,250
3.3%
3.6%
3.3%
3.6%
Pasture
EMAIL Sam
01423 707801
Associate Partner
Sam Johnson
Yorkshire and the
Humber land values
East Midlands
Arable
Low
£ / acre
Prime
£ / acre
£ / acre
Quarterly %
Annual %
Average
£8,250
£7,250
£11,250
£9,250
£9,500
£8,250
0.0%
0.0%
2.7%
3.1%
Pasture
East Midlands land values
West Midlands
Arable
Low
£ / acre
Prime
£ / acre
£ / acre
Quarterly %
Annual %
Average
£9,500
£7,000
£14,000
£12,000
£11,500
0.0%
0.0%
0.0%
0.0%
Pasture
EMAIL EDWARD
0121 3060386
Associate Partner
Edward Beale
West Midlands land values
South East
Arable
Low
£ / acre
Prime
£ / acre
£ / acre
Quarterly %
Annual %
Average
£9,000
£8,000
£12,500
£9,500
£10,750
£9,000
0.0%
0.0%
0.0%
0.0%
Pasture
EMAIL Andrew
07880 084633
Partner
Andrew Chandler
Wales
West Midlands
East Midlands
South west
South east
East of england
Yorkshire & the humber
North east
North west
Get in touch
Hover over a trend for more info
South West
Arable
Low
£ / acre
Prime
£ / acre
£ / acre
Quarterly %
Annual %
Average
£10,000
£7,000
£12,000
£11,000
£11,000
£9,000
0.0%
0.0%
0.0%
0.0%
Pasture
EMAIL David
01823 428591
Partner
David Hebditch
South West land values
EMAIL Andrew
07880 084633
Head of Rural Agency
Andrew Chandler
While the first quarter typically sees lower supply, there has been some delay to launches as landowners assess their positions after the announcements in the Autumn Budget. That said, we anticipate the usual seasonal surge in launches in the coming months, and there are positive signs of the spring market gaining traction.
Local factors and land characteristics primarily determine the supply-demand balance.
The market for prime land remains competitive, with demand outpacing supply. However, some types of land are experiencing increased price sensitivity, which could potentially lead to value readjustments or an acceleration in lotted sales to broaden appeal.
Supply and
demand
Commodity price trends
£1,100
£2,500
£1,800
5.9%
5.9%
Hill
£500
£1,500
£1,000
0.0%
0.0%
Hill
£1,900
£3,000
£2,300
2.2%
2.2%
Hill
£11,275
£14,350
£12,800
2.4%
2.4%
Lifestyle
£1,900
£4,000
£2,850
3.6%
3.6%
Hill
£11,000
£16,000
£13,500
1.9%
1.9%
Lifestyle
£11,250
£13,250
£12,300
2.5%
2.5%
Yorkshire Wolds
£13,250
£25,000
£16,750
0.0%
0.0%
Lifestyle
£9,500
£16,500
£12,500
4.2%
22.0%
Silts and Fen
£25,000
£16,000
0.0%
0.0%
Lifestyle
£13,500
£25,000
£17,000
0.0%
0.0%
Lifestyle
£9,500
£16,500
£12,500
4.2%
19.0%
Silts and Fen
£16,000
£35,000
£22,500
0.0%
0.0%
Lifestyle
SHEEP
Unit
Latest data
Date
Quarterly change
Annual change
pence/kg dw
734.2
March' 25
6.4%
-8.0%
CHICKEN
Unit
Latest data
Date
Quarterly change
Annual change
pence/kg dw
378.0
Jan' 25
-1.6%
-1.6%
EMAIL SOPHIE
020 7493 0685
Research Associate
Sophie Davidson
FIGURE 2: Annualised Growth of Average Land Values in England and Wales
FIGURE 1: Average Land Values in England and Wales
South East land values
FIGURE 4: Cumulative publicly marketed farmland supply
FIGURE 3: Year-to-date publicly marketed farmland supply
£12,500
£9,500
Land values:
the regional view
Q1 2025
Download the full report
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Download the full report
Download the full report
For more commentary, download the full report as a PDF.
For more commentary, download the full report as a PDF.
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For more commentary, download the full report as a PDF.
Average pasture land value in Q1
Explore the report
Land values: the national view | Land values: the regional view | Supply and demand | Commodity prices
For more commentary, download the full report as a PDF.
Ruses Farm & Hempstead Hall Farm, Hempstead CB10 / 392.4 acres / For sale
EMAIL Sam
01423 707801
Associate Partner
Sam Johnson
EMAIL Jamie
01223 346592
Senior Surveyor
Jamie Elbourn
EMAIL Jamie
01223 346592
Senior Surveyor
Jamie Elbourn
Overview and spotlight on the East
Briff Lane, Bucklebury, Berkshire/ 38.2 acres/ for sale
Briff Lane, Bucklebury, Berkshire/ 38.2 acres/ for sale
Source: Carter Jonas
Source: Carter Jonas
Source: Farmers Weekly
Source: Farmers Weekly
Download the full report
+1.9%
from
Q1 2024
0.8%
from
Q4 2024
per acre
£7,956
+1.5%
from
Q1 2024
0.9%
from
Q4 2024
Average pasture land value in Q1
per acre
£9,811
Average arable land value in Q1
Land values:
the national view
Growth has seen a subtle increase in pace on an annual basis, with pasture land reaching another record high. The Northern regions have largely fuelled recent increases, and growth patterns have varied across different regions in preceding quarters, underscoring the importance of local and regional market dynamics.
Despite ongoing structural change in the industry, there remains a significant level of interest from a varied buyer base. This includes those buying for commercial farming, who remain a key driving force in the market, as well as buyers with environmental and amenity interests.
The suspension of new Sustainable Farming Incentive (SFI) applications could intensify financial pressures for some agricultural businesses, compounded by an ongoing input-output price imbalance for some producers and increased debt costs.
Download the full report
For more commentary, download the full report as a PDF.
Land values:
the regional view
Click a location for
a local overview
WEST MIDLANDS
NORTH EAST
SOUTH WEST
WALES
NORTH WEST
YORKSHIRE & HUMBER
EAST MIDLANDS
EAST OF ENGLAND
SOUTH EAST
East of England land values
EMAIL Jamie
01223 346592
Senior Surveyor
Jamie Elbourn
CLOSE
View on desktop for a full overview
EMAIL Sam
01423 707801
Associate Partner
Sam Johnson
North West land values
CLOSE
View on desktop for a full overview
EMAIL Hugh
01248 360417
Partner
Hugh O’Donnell
Wales land values
CLOSE
View on desktop for a full overview
CLOSE
View on desktop for a full overview
EMAIL David
01823 428591
Partner
David Hebditch
South West land values
EMAIL Sam
01423 707801
Associate Partner
Sam Johnson
North East land values
CLOSE
View on desktop for a full overview
EMAIL Sam
01423 707801
Associate Partner
Sam Johnson
Yorkshire and the
Humber land values
CLOSE
View on desktop for a full overview
East Midlands land values
CLOSE
View on desktop for a full overview
EMAIL Jamie
01223 346592
Senior Surveyor
Jamie Elbourn
EMAIL EDWARD
0121 3060386
Associate Partner
Edward Beale
West Midlands land values
CLOSE
View on desktop for a full overview
EMAIL Andrew
07880 084633
Partner
Andrew Chandler
View on desktop for a full overview
South East land values
CLOSE
Download the full report
For more commentary, download the full report as a PDF.
Supply and
demand
FIGURE 4: Cumulative publicly marketed farmland supply
FIGURE 3: Year-to-date publicly marketed farmland supply
Source: Farmers Weekly
Source: Farmers Weekly
While the first quarter typically sees lower supply, there has been some delay to launches as landowners assess their positions after the announcements in the Autumn Budget. That said, we anticipate the usual seasonal surge in launches in the coming months, and there are positive signs of the spring market gaining traction.
Local factors and land characteristics primarily determine the supply-demand balance. The market for prime land remains competitive, with demand outpacing supply. However, some types of land are experiencing increased price sensitivity, which could potentially lead to value readjustments or an acceleration in lotted sales to broaden appeal.
Download the full report
For more commentary, download the full report as a PDF.
Source: Carter Jonas, AHDB, Farmers Weekly, Defra, ONS, OPEC
Commodity price trends
Click a trend for more info
FIGURE 5
Commodity prices
Inputs
Outputs
Crude Oil
Fertiliser
Red Diesel
Milk
Beef
Feed Wheat
Oilseed Rape
Pork
Sheep
Chicken
CRUDE OIL
Unit
Latest data
Date
Quarterly change
Annual change
£/barrel
57.3
March' 25
-0.8%
-13.5%
Fertiliser
Unit
Latest data
Date
Quarterly change
Annual change
£/tonne
377.3
March' 25
13.1%
10.3%
Red Diesel
Unit
Latest data
Date
Quarterly change
Annual change
pence/litre
78.1
March' 25
2.6%
-8.5%
Feed Wheat
Unit
Latest data
Date
Quarterly change
Annual change
£/tonne
187.4
March' 25
-1.9%
-5.6%
oilseed rape
Unit
Latest data
Date
Quarterly change
Annual change
£/tonne
425.2
March' 25
-0.7%
13.9%
MILK
Unit
Latest data
Date
Quarterly change
Annual change
pence/litre
46.0
Feb' 25
1.3%
18.7%
BEEF
Unit
Latest data
Date
Quarterly change
Annual change
pence/kg dw
674.4
March' 25
23.1%
36.5%
Pork
Unit
Latest data
Date
Quarterly change
Annual change
pence/kg dw
200.8
March' 25
-0.9%
-3.4%
SHEEP
Unit
Latest data
Date
Quarterly change
Annual change
pence/kg dw
634.2
March' 25
6.4%
-8.0%
CHICKEN
Unit
Latest data
Date
Quarterly change
Annual change
pence/kg dw
378.0
Jan' 24
-1.6%
-1.6%
Download the full report
For more commentary, download the full report as a PDF.
EMAIL Andrew
07880 084633
Head of Rural Agency
Andrew Chandler
Get in touch
EMAIL SOPHIE
020 7493 0685
Research Associate
Sophie Davidson