Farm Ireland

Tuesday 16 January 2018

Milk quota to be Royal draw

Jim O'Brien

Jim O'Brien

The sale of a 72ac dairy farm in Meath land that can be bought with or without a 74,000gal milk quota is certain to stir a lot of interest.

Located at Garadice, Kilcock, Co Meath, three miles from Summerhill and four miles from Kilcock, the land is being sold by Coonans of Maynooth.

It is described as fine, productive land, laid out in seven divisions with mature boundaries and hedgerows throughout.

The ground is in great heart having been recently reseeded. It comes with no road frontage but there is access to the farm via a right of way.

According to Will Coonan of Coonan's auctioneers this land is being sold "as pure land without buildings, road frontage or development potential."

The price at €6,000/ac will certainly attract customers. But the milk quota will also be a major draw given the level of demand that exists for expansion in the sector.

Sales results from the last two rounds of the milk quota trading scheme would suggest that a strong appetite still exists for the purchase of quota.

This is particularly the case in areas where local processors are filling their quotas each year and, therefore, room for expansion for ambitious suppliers is restricted.

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Up to 40c/l was paid for quota in the last round to the milk quota trading scheme.

If Kilcock holding's quota made a similar price, then it would add a further €135,000 to the sale price.

The property comes to auction on at the Glenroyal Hotel, Maynooth at 3.00pm on Thursday, July 26.

Indo Farming