Ulster prices all take hit
for landholders. According to Mullingar auctioneer Dillon Murtagh: “[Leasing] allows the property to stay within the family and on their bank balance.
“It provides a flexible and tax-free alternative to selling.”
The prices paid for leased land varied around the country in 2017 with the dearest prices paid for potato ground in Leinster where it made an average of €426/ac.
Root crop ground made €299/ac, cereal ground €220/ac, grazing land made €182/ac and grazing land with meadowing and fodder possibilities made €194/ac.
In Munster, the highest price was also paid for potato land at €295/ac, while cereal crop ground made €263/ac with root crop land going for €195/ac, grazing ground with fodder potential made €191/ac and simple grazing ground made €174/ac.
In Connacht/Ulster, potato ground was also the dearest with an average of €327/ac, while root crop land made €180/ac, cereal ground made €170/ac with grazing/fodder ground making an average of €124/ ac and pure grazing making €122/ac.