Responding to Savills’ Estates Benchmarking Survey launched today (Thursday 19 January), Scottish Land & Estates Chief Executive Douglas McAdam commented:
“We welcome the Savills report which clearly demonstrates the important role landowners and estates play in Scottish agriculture – and equally how important agriculture is to estates.
“The report underlines the very substantial and growing investment by estates in farming. The increase in expenditure on repairs and capital investment signals enduring commitment from landlords.
“Estates with diversified businesses are best placed to retain a more balanced annual income and we should remember that estates’ businesses are key partners in the tenanted sector by actually letting land.
“Traditional agricultural tenancy rents have only increased with inflation and it is our contention that, in general, agricultural rents remain very good value and in the overwhelming number of cases are agreed mutually between landlord and tenant.
“It is also worth noting that the Savills survey shows income from rented housing is very significant to estates. There has been a substantial increase in expenditure on properties let under Short Assured Tenancies, which underlines a long-term commitment to this sector. Private landowners remain the largest providers of affordable housing in many rural communities and need to be supported, by Government and local authorities, to allow them to increase housing supply to meet the growing need.”