Farmland 'fantastic' for wealth management investment

Wealth management investment in farmland is a "fantastic" direction to go in at the moment, according to one property specialist.

Mark McAndrew, head of farm and estate sales at Strutt & Parker, argues wealth management through buying countryside for food production is a positive move "from a capital growth perspective".

He notes land values - as well as the price of crops - have risen of late, claiming: "By 2050 the world population will have risen by almost a third again. We are not going to have enough farmland, even at full capacity, to feed the world."

Those seeking secure wealth management tactics may be interested to note Savills reported on Friday (June 30th) arable terrain has retained its status as a safe investment.

Over the second-quarter of this year, grade three standard areas increased in value on average by five per cent to £5,225 an acre.

The property expert observes global warming also has a part to play in raising the price of the asset, saying pressure to produce food will lead to "significant" appreciation of farmland worth.ADNFCR-2318-ID-19916224-ADNFCR