GLOBAL WHEAT MARKET IN BULL RUN

5/8/10

Wildfires in Russia and severe drought across Europe have prompted a surge in wheat prices . Prices have moved 50% in only a few weeks fuelled by speculation over a poor harvest and enhanced by city investors looking to exploit the volatile trading conditions . James Attrill of Christopher Scott’s Land Agency and Agribusiness comments :

“ The last time we saw prices at these levels was in 2007/08. These prices knock on to higher farmland rents and are pushing an already buoyant farmland market onto the next level. The market remains volatile and this has an impact on farming agreements – rent reviews and contract farming renewals need very careful drafting to ensure landowners are in a position to benefit from these markets “

Christopher Scott Ltd advise on all aspects of rural property management , valuation and sale