Financial Times FT.com

Food prices drive up farmland costs

By Daniel Thomas, Property Correspondent

Published: July 28 2008 02:33 | Last updated: July 28 2008 02:33

Soaring food prices are driving up farmland prices at their fastest rate since records began more than a decade ago – in spite of falling demand from City workers whose dreams of rural living have been dashed by the credit crisis.

As land values in the residential and commercial market continue to fall through the floor, the farmland sector is a rare bright spot for investors, according to a survey by the Royal Institution of Chartered Surveyors.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this