The value of land in Longford fell by 9% to €7,500/acre in 2013 compared with an average of €8,240/acre in 2012.
That’s according to the Irish Farmers Journal 32 county Agricultural Land Price Report published today.
The average price paid for land nationally failed to break the €10,000/acre barrier in 2013 and has fallen by 5.6% to €9,400/acre.
In Longford, 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 price of €11,700/acre which was paid at auction for a 17-acre residential holding near Granard.
Nationally, 74,862 acres were offered for sale in 2013 – up by 17.4% on 2012.
Dublin had the highest average at €16,115/acre followed by Kildare at €13,114/acre and Louth at €12,628/acre.
Leitrim had the lowest average at €4,156/acre followed by Mayo at €5,145/acre and Sligo at €5,879/acre.
Tipperary had the highest percentage price decrease at 26.1% followed by Clare at 25.9% and Kilkenny at 16.2%.
Louth had the highest percentage price increase at 49.3% followed by Laois at 28.2% and Dublin at 17.4%.