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Land letting trends

This year has seen an increasing trend to offer tenancies to known individuals “off market,” according to Agent, Andrew Liddiment of Balfours Property Professionals.

He says: “Agricultural lettings conducted by Balfours have all been met with strong demand, with a noticeable increase in tenancies offered to known individuals off market. In my involvement with four new lettings – which have all been very different units; only one was put to the open market. Despite this, all have yielded excellent applications and results. It’s a picture that is replicated by other agents too.”

Andrew says that in each case the certainty of achieving progressive relationships and land management objectives was the driver, bolstered by the knowledge that income did not have to be sacrificed to achieve these aims.

He continues: “Farmers are seeking extra land to ensure equipment and infrastructure is working for them with maximum efficiency, with depressed commodity prices at present analysing and creating efficiencies in a farming business is key.  Those who have been successful in expanding by taking on extra tenanted land have one thing in common, they appreciate excellent husbandry and a track record of good relations are very important to prospective landlords and key to expansion in this way.’

“From the landlord’s viewpoint re-letting is time consuming, disruptive and costly, so if it must be done we must ensure we get it right.

“This year we have let very different land packages, from top grade arable, to land requiring improvement, across Shropshire and neighbouring counties. Throughout the driver has been the mutual benefit of both parties,” he adds. Andrew, who is based at Balfours Craven Arms office, can be contacted on 01588 673314.

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