Leap in Scottish farmland prices

According to the Royal Institution of Chartered Surveyors (RICS), the cost of farmland in Scotland jumped to £4,438 per acre during the first six months of 2013, with growth in prices driven by sustained demand from farmers and investors alike.

As prices look set to continue the upward trend, the RICS warns that it is imperative that industry professionals get to grips with the region’s new approaches to the Land Use Strategy and are aware of key changes in planning reform and how this is impacting on the management of rural assets.