Rented grassland costs hold
Regulations under the nitrates directive are continuing to ensure that even bad land is making decent money.
Auctioneers around the country have confirmed that prices for rented grassland have held at last year's levels despite the fall in land values.
Prices of between €120/ac and €150/ac are commonplace, with an average of €130-140/ac being paid for conacre this year.
West Cork auctioneer Henry O'Leary said a scarcity of available land was forcing some farmers to pay more than they could afford. He said prices were roughly the same as last year, ranging from €120/ac to €150/ac.
"Farmers can't afford to do without it because they have to keep their stocking levels at a certain rate, and this is forcing some to pay more for rented land than they can afford," Mr O'Leary said.
Limerick-based auctioneer Tom Crosse says prices for rented grassland have maintained at last year's levels in the mid-west and are varying between €100/ac and €150/ac, averaging at €130/ac.
"There's no obvious slide, but prices for grazing land have been the same for the past 10 to 15 years," he said.
It's a similar story in the midlands, where demand is high and prices are ranging from €130-160/ac.