Kildare’s agricultural land prices are the highest in the State.
The average price of agricultural land in the county was €14,020/acre in 2017, representing an 18% jump when compared against the 2016 average of €11,925/acre.
Louth land prices are second highest, at €12,584/acre, followed by Dublin at €12,534/acre and Carlow at €12,178/ac.
That’s according to the 2017 annual land price report compiled by the Irish Farmers Journal, released today.
According to the report’s authors, some 3,818 acres were offered for sale in the county last year. Of the 32 sales, just four fell below €10,000/acre.
Of the notable sales in the county, €4.6m or €13,600/ac was paid for 338 acres in Sallins and 170 acres sold for €3.3m at Loughtown Stud.
Nationwide, land prices are at the highest level in three years, with the national average land price in the Republic at €9,088/ac.
Businesspeople buying land as an investment, forestry and the high demand for land from dairy farmers are among the drivers of the increase.
The full Agricultural Land Price Report is published with this week’s Farmer’s Journal, out today.