Farmland next to house ( Warwickshire )

[superkartracer]

Morning

After some advise on what to offer farmer for land that backs onto our garden , seems the going rate per acre is around 8-9k for good farmland, so what would a decent offer price be without insulting them ?, only after quarter acre max, not a huge amount . Thinking 50k acre was a good starting point?

Help appreciated .

Edited by superkartracer on Tuesday 26th May 11:29

[superkartracer]

That seems insane , 200k acre and he turned that down... guess it also depends on how much land they own . Behind us they own 100's if not 1000+ acres so it's only a small area tbh.

[superkartracer]

Yeah fully, just an orchard and maybe some bees etc

Any help on pricing?

[superkartracer]

PeterTTT said:

Remember whatever you offer he will ask for more as he will assume you are low balling the initial interest. The trouble is the value it will add to yours (assuming you have a small garden already?) is much more that the value it detracts from his. Could you offer him upto the value it would add to yours as that is surely the "right price" from his perspective? (value could be agreed by an independent valuer?).
When I moved to my current house in rural Essex the local farmer approached me with an interest to sell 5 acres that were next door to my garden. He wanted "over £100k" for the 5 acres but I was not interested as I already had 3 acres.

Good luck
Peter

Thanks for that , well i based 50k an acre on a rough ( fag packet ) calc on what a 20th of a acre would add to my house ( not much i reckon ) , so 10k offer for the 800 sq/m plot sounded about right, failing that i'd settle for 10th @ same price so 100k acre.

[superkartracer]

Some great answers thanks.

I've been here 12 years and we've chatted before about it ( we wave and say hello and get offered cheap lambs! but i'd not class them as friends ) , others around here have purchased small areas ( about the same size ) from them over the years, so it was worth the *hassle* it seems.

I'll keep you informed and will do the various due diligence.

Cheers

[superkartracer]

Good point, thanks for that. It might well be better to simply purchase a wood somewhere ha!

[superkartracer]

Morning

Some great ideas/info thanks chaps.

Ok, regards lease/rent , what are rough going rates i could expect to pay? this does sound like another interesting option.
Assume he'll want more in rental than they make from the sheep farming which seems like a way forward.

Cheers

Edited by superkartracer on Wednesday 27th May 08:47

[superkartracer]

So then lease etc, what do you think i should offer PA, i've been doing some poking about and 5-8 sheep per acre seems to be about right.

[superkartracer]

Sorry ( poor wording ) i don't want to keep sheep, i'm trying to workout what the farmer might make so i can base the rental i offer on that.

Say i want an acre, if he's making £100 PA on 5 sheep ( total guess ) then if i offer him £300 rent , then surly he'll rip my arm off? ha

[superkartracer]

Timmy40 said:

superkartracer said:

Sorry ( poor wording ) i don't want to keep sheep, i'm trying to workout what the farmer might make so i can base the rental i offer on that.

Say i want an acre, if he's making £100 PA on 5 sheep ( total guess ) then if i offer him £300 rent , then surly he'll rip my arm off? ha

LOL. erm not quite. If you wanted 20-30 acres then maybe. It's not much money for a lot of potential hassle. Unless he does a DIY agreement and auctioneer will charge him about £250 to do a basic agreement.

Well, unsure what potential hassle would be, i'd cover the agreement costs and fencing etc, might stick a goat on there and some bees and mow it.

I've known them for 12 years and get on fine.

[superkartracer]

C Lee Farquar said:

superkartracer said:

Well, unsure what potential hassle would be

I mentioned hassle before and it may have come across as a flippant remark.

Lets start with all farmer's fields are digitally mapped for their subsidy claim. The payment is partly a historic payment on the farm unit and partly on current land farmed. The rented land would need to be accurately split from the current agricultural unit. If there is any error then the farmer will lose a percentage of his payment, many thousands of pounds for a decent sized farm.

Great, very good information and now see your point. Something i need to look into in detail. Theres some wooded land next to house ( of zero use ) , maybe this would be the better bet rather than his sheep farmed plots.

[superkartracer]

http://farmsubsidy.openspending.org

Just done a search on local farms around here ( ones that don't even farm anything ) they have taken 500k+ in payments each! , quite shocking really.

[superkartracer]

V8RX7 said:

superkartracer said:

only after quarter acre max, not a huge amount . Thinking 50k acre was a good starting point?

If you are only after 1/4Ac then you're talking about £12k - most farmers wouldn't bother.

I suspect £15-20k would be a sensible opening price and offer to pay his fees too.

I was thinking 10th! so thought 10k would get his attention , only want it to plant some trees..

Failing that i'll looking into purchasing a wood.