Young farmers not as concerned about land ownership
Farmers migrating to other parts of the country in search of opportunity looks set to continue.
Excel sheets, projections and yields are of more immediate concern to young farmers than ownership of land as they strive to become ever more efficient, more intensive and more profitable, according to the latest Agricultural Review & Outlook of IPAV, the Institute of Professional Auctioneers & Valuers.
The review highlighted the fact that younger farmers coming through were in some instances more interested in potential yields and the quality of the land as opposed to proximity to home.
It says this was seen last year and continues to be the case as farmers strive to become ever more efficient, more intensive thus increasing profitability.
It says the relatively new phenomenon of farmers migrating to other parts of the country in search of opportunity looks set to continue.
This is consistent with a global theme, the world is getting smaller as a result of better technology, accessibility and the role of the internet, it says.
The report, launched by IFA President Joe Healy at IPAV’s Dublin headquarters on Thursday evening (24th May), predicts that while €10,000 per acre has become somewhat of a benchmark for land, once this level is exceeded prices could move forward for some time, although this is unlikely to happen in the short-term.
Forestry continues to be popular with the investor who is increasingly planting on marginal lands traditionally used for grazing. The sector continues to attract new entrants, increasing values.