The Livestock Auctioneers' Association Limited (LAA)

Aberystwyth livestock market acquires freehold

9th October 2013

The operators of Aberystwyth livestock market have bought the freehold interest of their 17 acre edge of town site at Lovesgrove.

Aled Ellis & Co Ltd have said the acquisition will allow them to develop the market site in conjunction with the development of an adjacent agricultural business park.

Managing Director Aled Ellis said the market was responding to the needs of farmers in the area. "There is no doubt that for most farmers the market is the best place to buy and sell because of the transparency it provides," he said.

"The market was previously in the town centre but this had to cease trading in December 2004, and it was not until 2006 that a new 49 year lease was granted by the Crown Estate for our new site."

"The sheep sales resurrected in October 2007 have since gone from strength to strength and now has the highest throughput of sheep in the county on a green field site," he said.

Livestock Auctioneers Association Executive Secretary Chris Dodds said Aberystwyth was a prime example of the industry being in an on-going process of development which is seeing premises modernised and upgraded, business merging and expanding and new areas of business being added to the mix.

"Livestock markets have played an important role in agriculture and the countryside since the first market opened in the Scottish borders in 1817, but with this there has been a perception that they have not moved with the times in terms of serving farming and the food chain industries. If you look at the amount of regeneration activity in the past two decades you can see this is far from the case."

"In the last ten years we have seen developments or relocations at Cockermouth, Thirsk, Rugby (Stoneleigh Park) and Cirencester, and more recently at Kendal, Hereford, Wigton, Sedgemoor and Welshpool. Abergavenny, Holsworthy and Thrapston are in the process of being re-located, and Chelford, Beeston Castle, Darlington and Barnard Castle have upgrade plans in the pipeline."

Gwyn Williams, Chelford-based partner at Frank Marshall LLP, said: "Modern market facilities are hygiene friendly, and staff are fully trained in welfare and handling. The markets themselves are an intrinsic part of the rural economy, and represent the best of our rural traditions, as well as providing a fully transparent and, most importantly, competitive pricing mechanism."