Milk and mares driving sales boom South of the earth

  • Milk and mares driving sales boom South of the earth
    FarmIreland.t. E.
    Scene farm in Munster is flying most of the action takes place around cork and Tipperary.

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Scene farm in Munster is flying most of the action takes place around cork and Tipperary.

Many commentators credit the dairy industry of horse breeding in driving prices in cork and Tipperary respectively. Indeed, many would ‘blame’ the industry to control prices and the purchase of land beyond the reach of many “conventional” farmers in these countries.

Selling title of the province’s farm in Douglas 101ac within the city boundary were excluded from these calculations as this should be considered as a plot of land, given that 5.8 M or 58,000/AC was paid at auction for the property

In addition, 14 auctions in the region in the first half of 2018 saw 577ac to change hands, realizing a total amount of 7,426,800 income and per acre price of €12,880 marking almost 26pc increase in the average paid in the first half of 2017. The number of sold land plots decreased by 13pc while income has increased by as much as 13.4 PC.

The landscape of the studs on 91ac near the village of Kilsheelan South Tipperary sold at auction last week, making €1.83 m, surpassing its guide by €480,000.

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Sales were concentrated in the cork and Tipperary and of course the Title of the transaction was the sale of the farm 101ac on Monees, Douglas in cork, which amounted to €5.8 m under the hammer Michael Barry. Located within the new borders of cork city, the place was bought in Galway lawyer. While the residential holding is not currently zoned and grown for soil and grass there is a belief that its real value depends on the location and its development potential.

And 91.6 AC tillage Tipperary farm with great road frontage on the outskirts of Cahir, did a Headline price at the auction last week. It was sold under the hammer for €2.125 m for €23,000/AC.

Other sales Title in the province was the auction of a parcel 92ac on tillage land in Beechmount on the outskirts of Cahir in County Tipperary. Place was €2.125 m or €23,600/AC, when it was sold to John Fitzgerald Dougan Fitzgerald in the sale of jointly processed Cashel showcases. At that time this piece of land is in the best of tillage land, it will bring a certain amount of ‘hope value given its location on the edge of Care.

Network CCM property saw €19,400/AC paid for the parcel 17ac grazing on Corrine near Paradise in County cork. While high prices, it can be expected that small areas strong agricultural areas, anything over €15,000/AC should be considered as exceptional.

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It is difficult to compare the price of the land was sold at auction in the first half of 2018 with the same period in 2017, given the increase in sales 101ac farmland in cork city that the development in land prices when he went to €5.8 M or 58,000/AC at auction in June.

Strong price

Farm auctioneer, Michael Barry, saw another strong payback for 45.5 parcel of land in Carrignavar on the North side of cork city. This farm amounted to €14,945/AC on one of the first auctions of the year.

GVM’s Tom Crosse agrees that land prices in Munster and while he regards the results of the auction as a good understanding of the market, he said that most land transactions in the district of Limerick is happening on a separate contract.

Monard farm in Tipperary made €535,000 surpassing its guide by €85,000 and the implementation of more than 11 500 euros/AC.

“In this regard, prices are holding well and we saw an increase to 500/AC this year, with the average price coming in at €9,500/AC”, – he said. “Neighboring farmer is still the best client.”

Michael Barry, who had a very strong season, starting in the spring, believes that the market will be much colder than autumn. “After disastrous winters and droughts in recent months, much money was spent on food and this will affect to borrow and repay so waiting for the fall to be a little quieter sale of land,” he said. “There are many farmers in serious trouble.”

In 86ac holding with Tipperary Galtee mountains on one side and the Comeraghs to the other, sold for $ 570,000 at auction

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