Dairy farmers are continuing to make their presence felt in the land market, with a local dairyman on the Cavan/Longford border paying over €11,000/ac for a 22.5ac farm in Co Cavan recently.
The farm, at Clonovid, Kilcogy, includes an old dwelling house.
Located between Granard and Ballinagh, the land is described as quality ground with a local reputation as a good farm.
The farm has been rented for a number of years and might need some attention but, according to auctioneer Liam Reilly, it is ready to farm.
There was a good attendance at the auction and three bidders declared their intentions when the bidding opened at €150,000 and went up in increments of €5,000.
By the time the price on offer reached €250,000, the farm was knocked down to a local dairy farmer who came in ahead of the other bidders, a solicitor acting for a client and local drystock farmer.
The same auctioneer is set to bring a smaller farm at Crosserlough, Co Cavan to the market in early December.
Rassan House, a two-storey traditional farmhouse in need of refurbishment, comes with 14ac of ground which is described as being 'on the heavier side'.
The property also includes a farmyard with a three-bay slatted shed, a haybarn and a series of old stone outbuildings.
The farm is situated on a crossroads not far from Killnaleck and Lough Sheelin and enjoys road frontage at two corners of the cross.
According to auctioneer Liam Reilly, it can be sold in lots, with the house on 0.5ac forming one lot, the slatted shed and barn with 8ac forming another and 5.5ac making up the last lot.
The property will be sold at auction at the Lavey Inn, Stradone, Co Cavan, at 4.30pm on Thursday, December 6.