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Demand for 'lifestyle' farmland in Wales grows

In the UK the cost of farmland rose by 4% in the first half of this year Credit: Joe Giddens/PA Wire/Press Association Images

The cost of farmland in Wales has risen by 19% over the last twelve months, with an average price per acre now of £8,625.

That's higher than anywhere else in the UK, and nearly 7% greater than the national average.

The increase means farmland now costs more than four times what it did when the Royal Institute of Chartered Surveyors (RICS), began recording rural land market data in 1994.

It's thought the price growth has been driven largely by farmers.

The latest data shows that growth in demand for farmland continues to outstrip that of supply and this is pushing up prices and supporting expectations for further increases over the course of the next twelve months.

Demand remains very strong on the commercial side, particularly from farmers keen to expand production onto neighbouring plots.

Significantly however there has been a revival in residential or 'lifestyle' demand, which only began to start growing at the end of 2013 having been more or less flat since 2008. This coincides with the broader turnaround in the UK housing market.

– Joshua Miller, Senior Economist, RICS


Rare breed of sheep sees rise in numbers

Today we'll be meeting the competitors showing off the Hill Radnor Credit: ITV News

One of Britain's most endangered breeds of sheep may be seeing numbers rise, more than a decade after it was badly hit by the foot and mouth outbreak of 2001.

The Hill Radnor, as it's known, suffered heavy losses when the disease affected Radnorshire - this year's Royal Welsh Show host county.

Farmer Brian Rees says it's good news for the breed.

Welsh farmers protest over meat prices and relationships with supermarkets

Meat Promotion Wales is warning that the beef industry in Wales is under enormous threat.

It claims farmers are receiving 300 pounds less per animal than they were a year ago.

It was hoped the horsemeat scandal would encourage more retailers and consumers to buy local.

James Crichton-Smith reports.

David Cameron talks to ITV News at Royal Welsh Show

David Cameron has announced plans to boost farming by committing his government to buying local produce wherever possible.

The Prime Minister made the announcement during a visit to the Royal Welsh Show.

The scheme only involves public services in England, the Welsh Government has its own similar plan - but David Cameron said it will still benefit farmers here.

Tesco defends British lamb stance after RWS protest

Farmers protesting outside the Tesco stand at the Royal Welsh Show

A spokesperson said the chain works with farmers to provide "great quality, affordable lamb".

We sell more British lamb than any other retailer, and we are proud to sell and promote British lamb to our millions of customers right across the UK.

This season we expect to sell more British lamb than ever before and over the next few weeks we are running fantastic half price promotions on British lamb in our stores.

– Tesco spokesperson
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