We have approached our neighbouring sheep farmer, who is also a friend, with a view to purchasing about three acres of land adjacent to ours. He is not far off retiring and intends selling his farm, and several hundred acreas, when he does. He is willing to sell us three acreas, but has offered us the opportunity to buy the whole of that adjacent parcel of land, which amounts to about twelve acreas. It is rough grazing, although about two acreas have been used as a hay crop field in past years. About a quarter of the land is steeply sloping and there is about a third of an acrea of fairly wet land with soft rush growing. It does have road access at two points. I am fortunate to have some money I inherited, sitting in a building society, making next to nothing in interest. I am wondering if this would be a good investment to make our tiny smallholding ( only two and a half acres at present) a more attractive property for the future. Another sheep farmer has already approached our friend to see if he would be willing to rent him this parcel of land for his young son to set up his own small flock. If we bought the land I couild fence off the area I need for my sheep/horses and rent the remainder. Does anybody know what the going rate for renting grazing for sheep is at the moment? Not a great deal I suspect . Any thoughts/ warnings/ advice would be much appreciated.
Topic: Is buying more land ever a bad idea? (Read 5682 times)
