Farmers eye up boom’s remains

Small parcels of development land are finally beginning to wash out of the property system and the trickle may turn into a spate by next spring if demand for farmland continues.

As civil servants sift through the wreckage of the economic disaster, farmers on the ground are eyeing up the value of what’s coming back on the market from the residential property wreckage.

Good quality farmland which sold for millions is coming back on the market at agricultural values — not notional values, but the true economic values.