Property experts have seen a boom in demand for farmland to develop on in Lancashire.
The annual land market survey compiled by the Royal Institute of Chartered Surveyors (RICS) showed the average price of land per acres had risen to £6,938, more than double the price five years ago.
It has cited a downturn in land availability for the rise in prices.
Graham Bowcock, regional spokesman for RICS in the North West, said he expected to see the demand continue with 18% of surveyors asked expecting a rise in the coming 12 months.
He said: “Farmland prices continue to remain at an all time high and very few transactions in the region went through last three months.
“The main reason behind this was that the amount of farmland coming onto the market simply couldn’t keep up with demand from commercial farmers who are looking to expand.
“With commodity prices now having risen for some time, and the situation looking unlikely to change for the foreseeable future, we expect price rises will continue their upward trend over the next coming year.”
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