§ Mr. Peter Mills
asked the Minister of Agriculture, Fisheries and Food what is the average yearly percentage increase in the price of agricultural land over the last 20 years.
§ Mr. Anthony Stodart
The average sale price of agricultural land in England and Wales increased by 6.5 per cent. a year on average between the years ending March, 1951, and March, 1971.
This information is derived from sales of agricultural land recorded by local valuation offices of the Inland Revenue. It comprises all sales of 10 acres or over, except for sales for non-agricultural development, compulsory purchases, gifts and inheritances.