Published 05/01/2010 | 05:00
Auction prices for land sold in Connacht rose to €10,744/ac on average, a slight increase on the previous year's figure of €10,053/ac.
However, the amount of land sold at auction was well back on the previous year. There was 266ac sold at auction last year, compared to 580ac in 2008.
Only eight conclusive auction sales were recorded for the province in the national farming press last year, while there were 13 in 2008.
The 266ac sold at auction made a provincial total of €2.858m.
It should also be noted that last year's acreage was back by 50pc on the previous year.
Prices achieved from the sale of individual farms varied from €17,777/ac to €7,317/ac.
One of the successes was the sale of nine acres of agricultural land at Claretuam, Belclare, Co Galway, which sold to a neighbouring farmer for €160,000 (€17,777/ac).
Auctioneer Martin Tyrell who handled the sale said the land was of "average quality".