Sustained forestry growth

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Commercial forestry continued to make strong capital growth of 10-15 per cent last year, according to agents John Clegg and Co.

Edinburgh-based company partner Fenning Welstead said the Borders and northern England were performing best, adding the 1,200-acre block of mature conifer and younger crops at Fanna Hill, Newcastleton, recently sold for more than £3.1million (£2,760/acre).

“Values are quite specific to location and links. The forests of Newcastleton, Eskdalemuir and Craik are all in full production and are close to the M6 corridor. There’s competition for the basket of timber there,” he said.