Farm Ireland
Independent.ie

Sunday 4 December 2016

Longford farm breaks €1m mark

Jim O'Brien

Published 19/10/2016 | 16:00

A farmer from across the county boundary in Cavan won the day while the underbidder was a Longford farmer.
A farmer from across the county boundary in Cavan won the day while the underbidder was a Longford farmer.

The land is described as undulating midlands ground laid out in a series of big fields with plenty of road frontage and a water supply.

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In another big farm sale, a holding extending to 153ac at Ballymaurice Granard in Co Longford sold under the hammer on Friday last, making €1.152m or over €7,500/ac.

A farmer from across the county boundary in Cavan won the day while the underbidder was a Longford farmer.

Located more than 2km from Granard, the farm was renowned in years gone by as a beef-fattening unit. The 153ac grassland holding is serviced by an extensive farmyard that was once the hub of a major beef operation, but of late, the farm was let for grazing. The holding comes with a basic farm payment in the region of €14,500.

The yard includes a six-column shed with a lean-to, a pair of seven-column double-slatted sheds with a central feeding passage, four covered silage pits along with grain storage and cattle handling facilities.

The land is described as undulating midlands ground laid out in a series of big fields with plenty of road frontage and a water supply. The farm is divided into two natural lots by a local road, with 87.8ac on one side and 64.9ac on the other.

On the day, auctioneer Paul Murtagh opened proceedings looking for bids on the lots, but there was no interest in the smaller portions - the buyers were there for the big stuff.

While Dillon Murtagh reckoned there were five serious contenders in the room when the bidding opened at €700,000, three customers declared their hands. This was soon down to two as the price rose in increments of €50,000 and €20,000.

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After the €1m mark was broken the size of the increments eased back to €10,000s and €5,000s and at €1.111m, the place was put on the market. Bidding continued in tranches of €2,000 and €1,000 until the price reached €1.152m and there was no more money in the room. The hammer fell in favour of a Cavan farmer living about 30 km away.

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