Agricultural land on the up

AGRICULTURE has hit an upturn after a period of transition in which the implications of decoupling were absorbed.

The kickback is that land is back in favour as an investment, but the train is only pulling out of the station — there has been no reckless buying to date, and if the residential market has taught us anything, there won’t be.

Confidence is everything in market terms: stock markets bloom or wilt on fear and hope, and since the middle of 2007, increased cash flow has led to bolder investments from farmers.