DONEGAL has the most expensive good quality agriculture land in Ulster/Connacht, according to Teagasc’s latest report.
The Society of Chartered Surveyors (SCSI) auctioneers and valuers are forecasting that the price of agricultural land nationally will increase by eight per cent on average this year, underpinned by a strong dairy sector.
In a major new survey, auctioneer, and valuer members of SCSI, operating in the agricultural and rental markets, say they expect national rental prices to increase at an even higher rate – an average of 14 per cent.
In Connacht / Ulster, average prices for good land on holdings under 50 acres range from a €12,143 per acre in Donegal – down from €13,375 in 2021 but still the highest in the region – to €6,140 in Leitrim, up from €5,025 in the last survey. Mayo had the second highest on €10,092 while Roscommon was third on €9,938.
Chartered Valuation Surveyor Cormac Meehan, of Sean Meehan & Co in Bundoran says strong demand for good quality land from dairy farmers is driving the market.
“Eighty-three per-cent of agents in our survey believe there is likely to be an increase in demand from dairy farmers to purchase farmland in 2023 and they are continually ranked throughout the survey as being the most likely purchasers of land across the country.”
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