Farm & Country: Farmers urged to cash in on top farm prices.
MID Wales farmers contemplating retiring from the industry are being urged to take advantage of the buoyant market for farms.
James Evans, a director of agents Halls in Welshpool, has recently completed the sale of Maes y Graig, near Llanfair Caereinion, a noted stock rearing farm with 170 acres of pastureland, after intense interest from prospective buyers.
He revealed that the farm had sold for in excess of the pounds 1m guide price, underlining the strong demand for agricultural properties from farmers, buyers with equestrian interests and those seeking investment opportunities.
"The fierce competition for Maes y Graig shows that the time is right to sell farms," said Mr Evans. "It eventually sold to a farmer but we had interest from a wide range of prospective purchasers who were looking to buy a farm in Mid Wales."
Maes y Graig was sold on behalf of Mr and Mrs Peter Pryce by joint agents Halls of Welshpool and Morris Marshall and Poole of New-town.
The main lot, which had a guide price of around pounds 700,000, included the attractive four-bedroomed farmhouse with an extensive range of modern farm buildings and nearly 89 acres of land.
Lot two comprised 38 acres of permanent pasture and lot three comprised nearly 44 acres of permanent pasture, both with a natural water supply. The land had a guide price of between pounds 3,500 and pounds 4,500 an acre.
Mr Evans urged farmers who are seeking advice about selling their farm to contact him at Halls, The Old Coach Chambers, Welshpool on (01938) 555552.
Maes y Graig, a 170-acre stock farm near Llanfair Caereinion, was sold for more than its pounds 1m guide price
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|Publication:||Daily Post (Liverpool, England)|
|Date:||Nov 2, 2006|
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