Almost 340 acres of Grade 2 arable land are being offered for sale in Fowlmere, Cambridgeshire.
The land has frontage onto the A505 and is around nine miles south of Cambridge. It is available as a whole for £3.1m or in five lots, with an average guide price of £9,145 per acre by land agent Cheffins.
Simon Gooderham, who is handling the sale, said: “There has been a shortage of farmland offered to the market in
South Cambridgeshire in recent years and we expect this opportunity to generate strong interest from both local farmers and investors.
“It is well located with good road access and suitable for a range of cropping. We have seen farmland values rise over the past 18 months, driven by a combination of a lack of stock and continued demand from a diverse range of buyers.”
The land has been farmed on a rotation of combinable crops and potatoes. Mr Gooderham says it was in a Countryside Stewardship Scheme which has now expired. Some field margins and corners are still planted to wild-flower and bird mix.
“Despite higher input prices, the outlook for cereals and oilseeds price looks firm with many farmers and producers seeking opportunities to expand their arable enterprises either through new tenancies, contract farming or the purchase of additional land.”
Basic Payment Scheme entitlements are owned by the current tenant and may be available to purchase by separate negotiation but the sale of the land will be independent to the purchase of the entitlements.
The tenant will retain the BPS income for the 2022 scheme year. The buyer will be required to indemnify the claimant with regard to any claim in respect of cross compliance breaches or any other relevant scheme regulations until 31 December 2022.