Market picks up but uncertainty lingers
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.