Average price of land in Cavan and Monaghan just under €7,000 per acre

The average price for land in Cavan and Monaghan is just under 7000 per acre.

The price in both counties fell compared to 2018.

In Cavan it stood at €6,066, while in Monaghan it was €7,477

Across the county, 1,331 parcels of land were sold in 2019, a fall of 20 per cent on the previous year, according to The Irish Farmers Journal’s latest land price survey.

The highest average price for land was in Leinster at €11,204/acre.

Beef farmers were buying the most in Cavan, while in Monaghan it was the dairy sector.

Brexit uncertainty and tax breaks for long term land leasing contributed to the drop.

Author of the report, Odile Evans, says a handful of groups were responsible for the bulk of land purchases last year: