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Variable prices for 'poor quality' land across the region

Apr 12, 2022 13:04 By News Northern Sound
Variable prices for 'poor quality' land across the region Variable prices for 'poor quality' land across the region
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'The strongest rental growth figures last year were reported in Leinster'

A new land survey by the Society of Chartered Surveyors Ireland has found the price for poor land across the region is variable.

The top average in Monaghan and Cavan was €5,250/ac while in Leitrim it was €2,760/ac - the lowest price in the country for holdings under 50ac.

The figure was €4,967/ac in Longford while it ranged from €4,478 to €9,283 in Galway.

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The survey also indicated that demand for rented ground remains strong with an expected rise of 10% in 2022.

It is anticipated they will increase by 12% in Leinster and by 9% in Munster and Connacht/Ulster.

The strongest rental growth figures last year were reported in Leinster with prices for silage, grazing, potatoes, and other crops rising by between 18% and 29% respectively.

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James Lee, from the Society of Chartered Surveyors Ireland says more and more people now see running a small farm as a viable option.

This has resonated, particularly, since the Covid-19 pandemic began, he added.

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