Mar­ket picks up but un­cer­tainty lingers

Irish Independent - Farming - - Property - JIM O’BRIEN

THE l e tt i ng mar­ket is be­gin­ning to gather pace, al­though the con­tin­u­ing un­cer­tainty re­gard­ing the leased land and sin­gle farm pay­ment en­ti­tle­ments is putting a brake on some let­tings.

The lat­est in­di­ca­tions from sources in the sec­tor is that it could be an­other fort­night at least be­fore there is clar­ity on the leas­ing is­sue.

Even so Matthew Conry, of Daw­son Auc­tion­eers in Car­low, let ground for prices of €250 to €300/ac for tillage land and €220 to €270/ac for graz­ing ground over the last while.

“Most of what we have is now let, with the ma­jor­ity be­ing re­peat busi­ness. We have a huge de­mand for let­ting ground at the mo­ment, the de­mand is very strong,” Mr Conry re­ported.

Jimmy Murtagh, of Mullingar, said most of his let­ting busi­ness doesn’t hap­pen un­til the mid­dle of March and later.

“People would not be happy about let­ting land around here at the mo­ment un­til the weather im­proves,” says Jimmy.

In the Long­ford/West­meath area, graz­ing ground is mak­ing from €160 to €165/ac but for good qual­ity land he would ex­pect to get more than that.

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