Gloucester based Ben said: “Although shortages of agricultural land will continue to stoke prices for the foreseeable future, the recent drop in commodity prices may well dampen farmer buyer interest in land next year - especially those without ‘roll over’ money from development land.
“In addition financing land purchases is still relatively affordable with interest rates at their current levels. But if as widely predicted by the Bank of England they start to rise, then this could also begin to reduce the farmer buyer’s appetite.
“These caveats aside we feel that there will always be the steady rate of increase year on year as land is still in such short supply.
“Price variations may however become more exaggerated given the varying levels of local demand.”
A recent RICS/RAU report revealed that farmland in the UK had risen by 4 per cent in the first half of 2014 to £8,607 an acre. Average land prices are now 8.4 per cent higher than they were a year ago.