| 05/01/07 Milk producers attending the 2007 Semex Dairy Conference (14-16
                Jan) will receive a much-needed New Year vote of confidence when
                keynote speaker Charles Dudgeon of leading international property
              consultancy, Savills, takes to the floor. 
           
                Charles Dudgeon                
 
 
                |  |  Reporting renewed buoyancy within the UK agricultural
              property market with land prices on the rise and the majority of
              properties being bought as going concerns by “coalface producers”,
              including dairy farmers, Mr Dudgeon states that despite the current
              gloom in the industry the market is showing that there are reasons
              to be more optimistic. 
 “Property trends, such as the volume of land moving, the
              purpose it is bought for and the value it is realising, are key
              indicators of the strength of the agri-industry and currently the
              signs are of an agricultural industry enjoying renewed optimism,
              confidence and anticipated profitability,” he said, speaking
              ahead of the Semex Conference, at which he will address some of
              the UK’s most progressive dairy farmers.
 
 “We are seeing real growth in demand for land parcels and
              working farms including dairy farms and, significantly, this is
              from practicing producers wanting to grow their existing businesses
              and secure land for succession. In addition to domestic buyers,
              there is a lot of interest from international buyers, particularly
              Danish and Irish producers, for whom the availability in the UK
              of sizeable ring-fenced properties at good value and with less
              red tape is proving an attractive proposition.
 
 “Ultimately, the fact that UK land is now being strongly
              competed for by existing farmers against the strategic investor
              and returning much better prices is evidence of a palpable new
              confidence in British farming, with experienced producers optimistic
              that there are returns to be made now and in the future.”
 
 In addition to signalling greater positivity within the industry,
              in line with the Semex Conference’s ‘no spin’ approach
              to informing and supporting its profit-focused delegates, Charles
              Dudgeon will also focus on advising farmers on how to maximise
              non-farming development opportunities on their land.
 
 Peter Arthur, Marketing Manager of Semex UK, said that this year’s
              Conference would very much focus on ‘keeping it real and
              relevant’.  “Our delegates want sound business advice
              and the opportunity to get answers to tough questions. The reality
              is that, as support is further withdrawn from farmers through EC
              policies, there is a need to look closer to home for solutions.
              Better real estate management by, for example, capitalizing on
              unused or unmanaged parcels of land and buildings, has the potential
              to release £hundreds of thousands of capital to augment low
              product price returns. This is an area that we know farmers will
              be keen to learn more about and in Charles Dudgeon from Savills
              we have undoubtedly one of the industry’s best experts on
              hand to outline the realities and opportunities.”
 
 The Semex Dairy Conference, now in its 17th year, will take place
              from the 14th to 16th of January in the Hilton Grosvenor Hotel
              in Glasgow.
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