Last week’s land price survey in the Irish Farmer’s Journal revealed that land prices in Longford fell by as much as 9% in 2013.
The survey also indicated that while “recovery” was evident, the average price paid for land nationally failed to break the €10,000/acre barrier last year, and have fallen by 5.6% to €9,400/acre.
In Co Longford, the value of land fell by 9% to €7,500/acre compared with an average of €8,240/acre in 2012. A total of 43 farms or 1,895 acres were offered for sale in 2013, which is up slightly on 2012 when 1,843 acres arrived on the market. Prices ranged from €2,200/acre for a 35-acre residential mixed quality farm to a top of €11,700/acre which was paid at auction for a 17-acre residential holding near Granard.
Meanwhile, the Minister for Agriculture, Food and the Marine, Simon Coveney TD, announced details of farmers’ entitlements under the new Basic Payment Scheme 2015. “The measures will ensure a smooth transition from the Single Payment Scheme to the Basic Payment Scheme in the new CAP,” he said.