§ Mr. David Mitchellasked the Minister of Agriculture, Fisheries and Food what was the average price per acre of farm land in England in the year 1965; and what is the latest comparable figure available.
§ Mr. Peter MillsThe average price for agricultural land sales in England notified to the Inland Revenue in the year ended 30th September, 1965, was £178 per acre; and for sales notified in the year ended 30th September, 1971, £203 per acre. These prices relate to all sales of agricultural land, both with and without vacant possession, by private treaty, and by auction, but exclude holdings of less than 10 acres, and land sold for development or other non-agricultural purposes.
§ Mr. David Mitchellasked the Minister of Agriculture, Fisheries and Food what was the average increase in the price of farm land in England between 1965 and 1972 expressed as an average annual percentage.
§ Mr. Peter MillsBetween the year ended 30th September, 1965, and the year ended 30th September, 1971, the average price for agricultural land sales notified to the Inland Revenue in England increased by £25 per acre, equivalent to an average annual compound increase of 2.2 per cent. Information for calendar years and for later than September, 1971, is not available. These prices relate to all sales, of agricultural land both with and without vacant possession, by private treaty, and by auction, but exclude holdings of less than 10 acres, and land sold for development or other non-agricultural purposes.