North Kerry is the agricultural powerhouse of the Kingdom and farmland in that area is much prized. Add in a milk quota and a recent CPO payout to local farmers who lost land to a ring road and the prize becomes even greater.
It is against this background that the sale of a 51ac block of top quality land with a 28,000ga quota at Kilgulbin East, Ardfert, will be the focus of intense competition among locals.
The property, which has a guide price of €10,000/ac, is being sold by private treaty by Tralee auctioneers Sherry FitzGerald Stephenson Crean.
Located eight miles north of Tralee, between Ardfert and Abbeydorney, the land is part of a 132ac farm being downsized by its owner.
Auctioneer Pat Crean says the farm is of excellent quality.
"Its location next to a limestone quarry is testament to its quality and natural drainage," Mr Crean said.
Entirely in grass, the holding is fenced off from the quarry and laid out in eight fields of dry, level ground divided by natural ditch hedgerows and fencing.
While there is no piped water, there is a natural spring to the east of the property that could be developed.
There is no doubt that the milk quota will add great value to the sale. In a recent auction in Co Meath, it was calculated that quota added 53c/l to the total sale price.
In the case of this property the 28,000ga (127,120-litre) quota could be worth up to €70,000 when money changes hands.
Not only will the quota have an impact on the price, Mr Crean believes €10,000/ac could turn out to be a conservative guide for the sale.
"Many farmers around Tralee who lost acreage to the Northern Ring Road through CPO have recently received payment in respect of those purchase orders," he said.
"Quite a few will be seeking to replace the land they lost, and this parcel will be ideal for them."