Carlow the fifth most expensive place to buy agricultural land, according to Land Price Report

Latest figures

Darren Hassett

Reporter:

Darren Hassett

Email:

news@carlowlive.ie

Carlow Carlow Carlow

The average price of agricultural land was €12,048/ac in 2018

Carlow was the fifth most expensive county to buy land in Ireland in 2018, according to the Irish Farmers Journal latest Land Price Report. 

The average price of agricultural land was €12,048/ac in 2018 down marginally from €12,178/acre in 2017 (a 1% reduction in price)

A total of 1,131 acres were offered for sale – slightly down (2%) from 2017 figures.

Prices in Carlow ranged from lows of €6,750/ac to highs of €20,000/ac 

Almost 50% of land transactions were bought by dairy farmers in the county, followed by tillage (12%), beef (12%) and mixed farmers (12%) lagging behind.

Elsewhere, a company bought a farm for €58,000/acre in Cork, a business bought a land bank in Lucan, Dublin for €50,000/ac and the well-known Coolmore horse breeders bought land for €25,000/acre in Tipperary.

The average price of land in 2018 was just €9,000/ac.