Major investment for Ellington Estate

A £400,000 investment will be made on farm land near Ellington to improve drainage.

The Crown Estate, which bought the Ellington Estate from Rio Tinto last year, is making the investment after letting 92 hectares to local farming business Annett and Sons on a seven-year agreement.

It has also partnered with farm business manager Velcourt in a unique Farm Business Tenancy (FBT) that will see rent divided between a base and variable rent linked to the production and success of the holding. Standard FBTs are based on market prices. The venture is the first of its kind for The Crown Estate.