Agricultural Rental Market Update

Published: 25/10/2023 By Jack Curnick-James

As we enter the third consecutive year of Basic Payment Scheme reductions, farming businesses are under increasing pressure to assess their operations with a keen eye on profitability. Possible changes can encompass various strategies, such as enhancing existing assets, diversifying into new enterprises, or expanding the area under management. However, as borrowing costs rise, the affordability of land purchases diminishes, making the prospect of renting more attractive.

Over the past twelve months, Symonds & Sampson has witnessed an increased demand for renting land whenever it becomes available. In the last three months alone, in the southwest region encompassing Wiltshire, Dorset, and Devon, several new parcels of both arable and pastureland have come onto the market, generating strong interest from prospective tenants.

In Wiltshire, Jack Curnick-James in our Devizes offices successfully leased a 600-acre block of productive arable land off-market, attracting tenders ranging from £140 to £210 per acre. In Devon, the Axminster office effectively leased 40 acres of pasture, with tenders ranging from £145 to £290 per acre. In Dorset, the Yeovil office successfully leased 114 acres in several blocks, with tenders ranging from £120 to £290 per acre.

When contemplating tenders for land, it is vital to consider profitability. Before submitting tenders, businesses should take stock of their current financial standing and construct partial budgets to ensure the proposed rental rates are manageable and allow for business growth without undue financial burden from rental payments.

For guidance on submitting tenders for bare land or equipped farms or if you own land that you are considering renting out, please contact Jack on 01380 710537 or our Rural Experts in your nearest Symonds & Sampson office (below).

For details of the range of Rural Services we can offer, please click here.





Meet our Farm Agents


Experienced Agents selling, buying and letting farms and land across the South and West of England

Andrew Tuffin


Partner, Head of Farm Agency
Frome Market, Sturminster Newton

BSc (Hons) MRICS FAAV


Department: Sturminster Newton Rural and Agricultural, Rural and Agricultural, Professional, Frome Market Rural and Agricultural, 
Speciality: Agricultural Tenancies, Agriculture BPS, Contract Farming, Development Land, Farm Business Tenancies, Farms and Land, Grass Keep, Probate, RICS Registered Valuer, RICS Valuer, Rural Grants and Subsidies, Tax Planning, Valuation, Valuations for Banks

01258 472244
07970 208825
atuffin@symondsandsampson.co.uk

Ross Willmington


Partner
Axminster

DipAgFM MRAC


Department: Axminster Rural and Agricultural, Rural and Agricultural, Professional
Speciality: Agricultural Tenancies, Agricultural Appraisals, Agricultural, BPS, Compensation, Compulsory Purchase, Easements, Estate Management, Farm Business Tenancies, Farms and Land, Grass Keep, Rural Grants and Subsidies, Tax Planning, Valuations, Wayleaves


01297 33122
rwillmington@symondsandsampson.co.uk

Will Wallis


Partner, Auctioneer
Dorchester, Frome Market, Poundbury Burraton House

MRICS FAAV

Department: Rural and Agricultural, Dorchester Rural and Agricultural, Frome Market Rural and Agricultural, Burraton Rural and Agricultural, Professional
Speciality: Agricultural Tenancies, Agriculture, BPS, Contract Farming, Development Land, Farm Business Tenancies, Farms and Land, Grass Keep, Probate, RICS Registered Valuer, RICS Valuer, Rural Grants and Subsidies, Tax Planning, Valuations, Valuations for Banks


01305 236572
wwallis@symondsandsampson.co.uk

Jack Edwards


Partner
Salisbury

MRICS FAAV


Department: Rural and Agricultural, Professional, Salisbury Rural and Agricultural
Speciality: Agricultural Tenancies, Agricultural Appraisals, Agriculture, BPS, Compensation, Contract Farming, Diversification, Easements, Estate Management, Farm Business Tenancies, Farms and Land, Grass Keep, Option Agreements, Planner, Probate, RICS Registered Valuer, RICS Valuer, Rural Grants and Subsidies, Valuations, Valuations for Banks, Wayleaves

01722 334323
07747 888385
jedwards@symondsandsampson.co.uk

Paul Heard


Partner
Tiverton

MRICS FAAV


Department: Agricultural Auctions, Tiverton Agricultural Auctions, Tiverton Rural and Agricultural, Rural and Agricultural, Professional
Speciality: Agricultural Tenancies, Agricultural Appraisals, Agriculture, BPS, Compensation, Compulsory Purchase, Contract Farming, Diversification, Easements, Farm Business Tenancies, Farms and Land, Grass Keep, Planner, Preparation of Plans for Land Registry, Probate, RICS Registered Valuer, RICS Valuer, Rural Grants and Subsidies, Tax Planning, Telecoms, Valuations


01884 218911
07800 913637
pheard@symondsandsampson.co.uk

Lucy Carnell


Rural Surveyor
Yeovil

BSc (Hons) MRICS 


Department: Yeovil Rural and Agricultural, Rural and Agricultural, Professional
Service: BPS, Compensation, Compulsory Purchase, Easements, Farms and Land, Grass Keep, Preparations of Plans for Land Registry, Probate, RICS Registered Valuer, RICS Valuer, Rural Grants and Subsidies, Valuations, Wayleaves


01935 382901
07940256550
lcarnell@symondsandsampson.co.uk

Jack Curnick-James


Senior Surveyor
Devizes

MRICS FAAV


Department: Rural and Agricultural, Devizes Rural and Agricultural, Professional
Speciality: Agricultural Appraisals, Agriculture, AMC, BPS, Compensation, Compulsory Purchase, Diversification, Expert Witness, Farm Finance, Farms and Land, Grass Keep, Planner, Probate, RICS Registered Valuer, RICS Valuer, Rural Grants and Subsidies, Tax Planning, Valuations, Valuations for Banks



01380 710535
jcjames@symondsandsampson.co.uk

Morgan Clement


Rural Surveyor
Wimborne

BSc (Hons) MRICS


Department: Rural and Agricultural, Wimborne Rural and Agricultural, Professional,
Service: Agricultural Tenancies, Agricultural Appraisals, Agriculture, Biodiversity Net Gain, Boundary Disputes, Compensation, Compulsory Purchase, Contract Farming, Development Land, Diversification, Easements, Farm Business Tenancies, Farms and Land, Grass Keep, Option Agreements, Options, Planner, Preparation of Plans for Land Registry, Probate, RICS Registered Valuer, RICS Valuer, Rural Grants and Subsidies, Tax Planning, Telecoms, Valuations, Wayleaves,
 

01202 882103
07751 609537
mclement@symondsandsampson.co.uk