Strong demand maintains prices for grazing conacre
Published 15/02/2011 | 05:00
Strong demand from both the drystock and dairy sectors looks set to keep a floor under grazing prices for this year.
Auctioneers have reported big regional variations in grazing price, from €100-200/ac depending on location, but all insist last year's prices will be maintained or improved.
Strong demand from both sheep and cattle men is a feature of the market in Westmeath, where prices ranged from €130-170/ac for grazing, depending on the size and quality of the parcel.
"The average last year was around €150/ac for good grazing," said Paul Murtagh from Murtagh Bros Real Estate Alliance.
"This year it will definitely be that or more," he maintained.
"Landowners see letting as as good a way of getting money as anything," he added.
"If you get a good client, you're pretty sure of getting your money and you have very little to do for it."
Mr Murtagh added that there was keen interest from sheep farmers in well-fenced grazing plots, while some sheep men were also willing to fence land themselves if they could secure the property for two to three years.