Cool quota opportunity
Published 11/01/2012 | 06:00
When a Cork-based auctioneer is handling the sale of a property in north Roscommon, one would rightly suspect that a sizeable milk quota is at the heart of the deal.
And so it is with a unique property located at Tullyvohaun, near Boyle. The 65ac non-residential farm comes with a substantial milk quota of 161,563ga. This works out at a remarkable land to milk ratio of 2,485ga, or 11,300l/ac. The property, which is for sale by private treaty, is being guided at €13,000/ac, or €845,000. The price is based on a valuation for the land of €7,500/ac, with the quota being priced at €5,500/ac, or 48.7c/l.
According to selling agent Eamonn O'Brien, of CCM Property, Mitchelstown, Co Cork, ministerial approval has been granted for the sale of the land and quota.
The vendor is a dairy farmer who used the land solely for milk production, buying in all his replacement stock along with his fodder requirements over the years. The man is now leaving farming and intends to keep 10ac of his 75ac holding along with the farmhouse and farm buildings.
"The property is ideal for someone looking for extra milk quota," says Mr O'Brien.
"The land to quota ratio is excellent, there are no buildings or entitlements to complicate matters.
"It is purely milk on the minimum amount of land."
The land itself is of mixed quality but has been excellently farmed by the current owner. It is well fenced and watered and enjoys extensive road frontage.