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Saturday, August 20, 2016

Brexit hits land value (From The Scottish Farmer)

Brexit hits land value (From The Scottish Farmer): DEMAND for rural land has fallen sharply in the past six months and prices are also expected to fall – and the uncertainty sown by Brexit is to blame.

That is the grim story being told by the most recent Royal Institution of Chartered Surveyors/RAU rural land market survey, with respondents indicating that increased uncertainty in the wake of the EU referendum and the subsequent confusion over the future of CAP payments, and low commodity prices, are denting confidence in the value of farm land.

Indiana farmland auction brings prices over $10,000 per acre

Indiana farmland auction brings prices over $10,000 per acre: �Local bidders dominated the auction of approximately 705 acres in Allen County, Indiana, with the land selling to five different buyers for a total of $6.435 million. Schrader Real Estate and Auction Company marketed the property and conducted the auction.