The price of farmland in the East at record high

The price of farmland in the East of England has reached record levels. Credit: ITV Anglia

The price of farmland in the East of England has reached record levels according to a new survey out today.

The Royal Institute of Chartered Surveyors says the average price of an acre of arable land is now more than £7,000.

The report's authors say demand for farmland continues to rise and they suspect prices will continue to climb in 2013.