Here is a summary of the findings that he reported.
- CKD Galbraith have carried out over 100 farm rent reviews since 2008.
- Many rents have not been reviewed for over 15 years.
- CKD Galbraith are instructed on over 30 farms in 2010.
- Predicted rental rates per acre will vary considerably depending on location, land quality, and level of landlords fixed equipment.
- In % terms rents to increase by 20 30 % depending on previous review date.
- Most rents agreed amicably.
- Future stability in rents likely with likely changes to SFP in 2013.
- Increased interest in farm retirement packages as outgoing farmers can cash in SFP Entitlements under current rules.
- Most landlords will re-let land for between 2 and 3 times the former rent passing.
- Rental levels achievable should be:
Hill Farms (North & West Islands) 9 - 11 ewe 55 - 66 cow
Arable/Pasture (North & West Islands) 22 - 50/acre
(East ¢ral)60 - 72/acre
New Lets under SLDT's (bare land)70 - 80/acre