Longford Leader Farming: Longford land prices at lowest level since 2006

Longford Leader Reporter


Longford Leader Reporter



editorial image

Land prices in Longford are at their lowest level since 2006, according to the most recent Irish Farmers Journal land report.

Last year, land in the county was valued at €6,373 per acre, which was the fourth lowest in the country. The average price of land nationwide in 2018 was €9,000 per acre.

The most frequent land buyers in the county last year were part-time beef farmers, who bought 40% of all land sold. The supply of land increased in 2018, up from 906-acres in 2017 to 1,069-acres.

According to the report, business people are buying one-quarter of all land sold in Ireland, with only 45% of all land offered for sale actually sold. One of the highest grossing sales in 2018 was for a farm in Cork which sold at €58,000 per acre.