Scottish farmland not cheap
We always concentrate on the price of farmland in the U.S. and seldom look at the world when it comes to farmland prices.
Of course farmland prices vary widely, but apparently good farmland in Europe and the United Kingdom are fairly high, too.
“The latest Scottish farmland index reports that farmland values have risen 3 percent in the first quarter of 2012 and have doubled in the past five years. High quality arable land is at $7,000 per acre and ploughable grassland is at $3,600 per acre,” according to a report in the Global AgDevelopments newsletter from Global Ag Investing.
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