§ Mr. Strang
asked the Minister of Agriculture, Fisheries and Food what estimate he has made of the percentage increase in the price of agricultural land between January 1972 and January 1973; and what is the current average price of an acre of arable agricultural land in England and Wales.
§ Mr. Godber
The latest figure available from the Inland Revenue's series24W showed that the average price of sales of agricultural land notified during the six months ended 30th September 1972 was £234 per acre, an increase of about 24 per cent. over the corresponding price a year earlier. Details were given in a Press notice issued on 5th December 1972. It is not possible from these data to separate arable from other agricultural land.