Farm Ireland

Friday 28 October 2016

Dairy farm in market for 'best tenant in the parish'

Published 17/08/2016 | 02:30

The lease of a large dairy farm outside Mallow, Co Cork has sparked a considerable amount of interest.

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Eamonn O'Brien of CCM Property Network says he already has firm offers for the property which will be let from January 2017.

The farm at Ballyclough has 113 adjusted acres and is in one block. It comes with an eight-unit parlour and the necessary housing - cubicles, calving pens and calf houses - for an 80-cow herd and followers.

Mr O'Brien says the interest to date has ranged from farmers who sold land for development and road projects and are now looking to get back milking, to those who are working on fragmented farms and want to consolidate their operations on one holding.

The estate agent believes that the lease price, which is initially for seven to 10 years, will come in at around €250/ac - with periodic reviews built into the agreement.

However, he is adamant that the owner is not looking for "the best price in the parish," but the "best tenant in the parish."

Mr O'Brien says the landowner's decision to move on from dairying is not a "kneejerk reaction" to low milk prices but a considered and thought-out change of direction.

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