Pics: Pay half the price for 800ac of arable land across the pond
At €7,500/ac, complete with planning permission for a five-bedroom house and grain-drying and storage facilities, with roof solar panels this Scottish farm looks like a bargain.
I have begun to look at how farmland sales across the water and on the continent compare to the land market in Ireland. While prices vary somewhat, the big difference is scale.
Napoleon might have described the British as a nation of shopkeepers, but when you look at us in the context of our agricultural neighbours, you would have to conclude that we are a nation of small farmers.
We tend to get excited about any holding over 100ac, whereas in many European countries 100ac would be regarded as a sizeable field, but not a farm.
Which brings me to the sale of a substantial holding in the Scottish Borders, a 912ac arable estate at Harrietfield, Kelso, Roxburghshire in the south east of Scotland. Not far from the English border, the farm is about 65km from Edinburgh and 40km from Berwick-upon-Tweed.
Kelso lies at the confluence of the Teviot and the Tweed Rivers, and is developed around a monastic settlement founded in 1128.
The farm at Harrietfield is 4km from Kelso, and while currently a non-residential property, it has existing planning permission for a five-bedroom house, permission contingent on the dwelling having a connection with the farm.
The property is on the private treaty market with a guide price of £6.15m sterling or €6.84m, giving a per acre price of about €7,500/ac. Land of this quality in Ireland would make double that.
Jamie Wedderspoon is based at the Edinburgh office of selling agents Savills, and describes Harrietfield as an "outstanding working farm", one of the larger blocks of arable ground to come to the Scottish market for quite some time.