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Munster bucks national trend with sales up 21pc this year

Dairy investment continues to see the south power ahead

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A 54ac residential holding at Ballycommon close to Lough Derg in north Tipperary sold for €596,000.

A 54ac residential holding at Ballycommon close to Lough Derg in north Tipperary sold for €596,000.

A 54ac residential holding at Ballycommon close to Lough Derg in north Tipperary sold for €596,000.

Munster continues to be the success story in terms of farmland sales. The abolition of quotas in 2015 has seen the dairy industry firmly consolidate its position as the backbone of Munster farming and there is little sign that the milk barons have stopped spending.

The amount of land sold under the hammer went up by 21pc in the first six months of this year. The amount of money generated went up by 31pc from a figure of €7.056m in early 2018 to €9.276m in the same period of 2019. The price per acre paid for farming ground in the province increased by 8pc and stands at €14.012 per acre.


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