1/21/2024 0 Comments Hobby farm for sale galway ireland![]() (See attached County by County Map of Ireland and Provincial Tables for detailed breakdown of figures across land type and holding size) This year’s annual survey, the 9 th in the series, provides a county-by-county breakdown on the prices of good and poor-quality land. The survey of 95 auctioneers and valuers from all over the country was conducted in February and March 2022. Last year Leinster recorded the strongest rental growth figures with rental prices for silage, grazing, potatoes, and other crops rising by between 18% and 29%. Looking at the provincial picture agents expect rents to rise by 12% in Leinster and by 9% in Munster and Connacht/Ulster. ![]() This decline can be attributed to price developments for larger parcels of poor land in Munster and in some parts of Connacht / Ulster.Īccording to the Society of Chartered Surveyors Ireland / Teagasc Agricultural Land Market Review and Outlook Report 2022 demand for rented ground remains strong with rents this year expected to rise by 10% nationally. While the average price of poor-quality land may be up on smaller holdings in the three regions, nationally, the average price for poor-quality land dropped from €5,900 in 2020 to €5,308 last year, a fall of 10%. In Munster prices were up 14%, in Leinster they rose by 12% while the increase in Connacht / Ulster was 5%. The price of all non-residential land, on holdings of less than 50 acres also showed significant increases. The price of good land showed the biggest increase in 2021 - up by an average of 17% nationally from €9,381 to €10,962 per acre. In a major new survey, chartered surveyors, auctioneers, and valuers, operating in the agricultural and rental markets say sales activity was boosted by the exit from COVID restrictions and they predict prices will continue to rise, underpinned by strong demand and a continuing low supply of land for sale. SCSI auctioneers and valuers say that following strong price growth in 2021, particularly for good land, the price of agricultural land in general looks set to increase by 6% on average this year. The key and worrying question for farmers is, will higher farm output prices cover their higher input costs this year”.The invasion of Ukraine has had major international implications for input and output prices in agriculture.The lifting of COVID restrictions has boosted sales activity and market confidence.L ast year average land rental prices increased by between 18% to 29% in Leinster depending on land use. ![]() SCSI agents expect national rental prices to increase by 10% this year.The cheapest farmland was in Leitrim where poor quality land on holdings under 50 acres was valued at an average of €2,760 per acre.The most expensive land was in Kildare where good quality land fetched an average of €15,350 per acre up from €13,600 last year.National average non-residential farmland prices in 2021 range from €5,308 per acre for poor quality land to €10,962 for good land.National farmland prices forecast to rise by 6% on average in 2022.There is also a special feature on climate change policy in Ireland, how it might affect agriculture, and the potential implications for the land market. The report provides a review of 2021 and an outlook for 2022, with a selection of useful insights regarding expected performance of the agricultural sector. Botanic Gardens College of Horticultureġ2 April 2022 SCSI/Teagasc Agricultural Land Market Review and Outlook Report 2022. ![]()
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