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Farmland Prices Expected To Rise By 8%

Tuesday, 25 April 2023 10:20

A new report shows the average cost of good quality land in the midlands is €12,719 per acre.

National farmland prices are forecast to rise by 8% on average this year.

That's according to the Society of Chartered Surveyors Ireland/Teagasc annual agricultural land market report.

The average cost of good quality land in the midlands is €12,719 per acre, while poor quality land will set you back €7,039.

Good quality land in Westmeath will cost you €13,300 on per acre, while poor quality land is €6,960.

In Laois, good quality land, per acre, costs €13,357, while poor quality land is the most expensive in the region, at €7,357.

Offaly boasts the best value for good land in the midlands, at €11,500 per acre, while poor land in the county costs €6,800, on average.

The most expensive land is in Kildare where good quality land is fetching an average of just over €15,000 per acre.

The cheapest is in Mayo where poor-quality land is selling for an average of €2,866 per acre.

Edward McCauley from the SCSI explained why Kildare topped the land quality charts:

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