Rental price of conacre holds firm
Published 01/02/2012 | 06:00
Fears of a widespread land grab ahead of the proposed 2014 reference year look to have abated as grazing and tillage conacre prices remain close to last year's levels.
Small increases of up to €5-10/ac are being reported across the country, but this is mainly due to a scarcity of new land on the market.
With more land tied up in long-term leases, demand for new parcels is said to be strong.
Fermoy-based auctioneer Michael Barry said grazing land with maps was making €170-180/ac in north Cork, with strong demand from both dairy and beef farmers.
"Any reasonable tillage farm is making €200/ac and better farms are making in excess of €200/ac," he said. "Prices for both grazing and tillage land are certainly as strong as last year, if not a bit more."
Limerick auctioneer Tom Crosse said that while existing lettings were being renewed at €130-150/ac on average, there was extremely keen interest in any new parcels of land.
"Anything new is flying out at €160-170/ac," he said.
Mr Crosse has agreed lettings for up to 2,000ac of land so far for this year.