New life in leases
Tax breaks are making the leasing of farms such as this 131ac holding in Kilkenny an attractive proposition for farmers
Published 02/03/2016 | 02:30
An increasing number of farmers are opting for long term leasing because of the tax breaks offered by these arrangements.
One of the larger farms to come on the leasing market of late is a 131ac residential holding at Knocknadogue near Castlecomer in Co Kilkenny. The farm can be let in its entirety or in lots on a six-year lease with an option to rent the house and extensive sheds separately or with the land. It comes without entitlements.
The land will be let by public auction and guided at between €200 and €230/ac.
The house can be rented with a 75ac lot or with the entire at a rental of €400 per month while the sheds are available for rent at €350/pm, again with the 75ac or with the entire.
Renting arrangements for the house and sheds will be made subsequent to the land-letting auction.
I visited the farm in the company of auctioneer Joe Coogan and the owner of the holding. It was a fine crisp February morning and even after all the rain the countryside looked great. We drove from Castlecomer up to elevated ground and the farm at Knocknadogue.
The holding is about 3km from Castlecomer, 18km from Kilkenny City, 23km from Carlow and 32km from Portlaoise. It commands beautiful views over the whole countryside and Slievenamon is visible in the distance.
The farm includes the best of grazing ground and is firm under foot for the most part. Being elevated and south facing it has withstood much of the recent bad weather. I walked the place around midday and it was difficult to photograph the sweep of the land as we were constantly facing into the sun.