How the new environmentalism makes bad land good

Around two decades ago farming was in crisis but today farmland is looking more lucrative. Merryn Somerset Webb explains why this is and how investors can tap into the market.

Harvesting spinach
In 2000, the average price of an acre of prime arable land in the UK was around £3,000. By 2015 that had leapt to over £9,000.
(Image credit: © ADRIAN DENNIS/AFP via Getty Images)

In July 2000 Country Life ran an editorial headlined “What happens to the farmland that nobody wants?”

Farming, it said, was in crisis. Milk prices were so low that dairy herds were being dispersed and various experts predicted that “within the next couple of years” it was entirely possible that “large areas of the familiar West Country landscape of hedgerows and small fields might be abandoned”

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.