Land prices remain steady

AGRICULTURAL land prices have remained steady in Laois in 2011, according to the Farmers Journal published last week.

AGRICULTURAL land prices have remained steady in Laois in 2011, according to the Farmers Journal published last week.

The average price paid for land in Laois increased from €8,704 an acre in 2010 to 9,136 an acre last year, representing a five per cent increase or €432 an acre.

Laois remained ahead of the national average, which is €8,708 an acre.

The range of prices in the county varied from €4,400/acre to a high of €13,800 which was paid for a 30-acre residential holding at Clonad.

The Clonad property, which also comprised a number of sheds, sold at auction for €415,000.

In total 987 acres were offered for sale last year, which included20 farms.

Of these ten went to auction, with a 70 per cent success rate reported.

The largest farm on the market stood at 125 acres.

The properties which sold at auction last year included 21 acres at Dunmore, Durrow which averaged €10,700/acre; and a 53-acre residential farm near Mountrath which sold for 395,000 or almost €7,500/acre.

A 55-acre residential farm near Cullahill realised €606,000 or €11,000/acre; and a 61-acre far near Rathdowney was knocked down at €333,000 or almost €5,500/acre.

A 70-acre non-residential farm near Rathdowney averaged 10,600/acre, while the 125-acre at Herbage Stud Ballickmoyler made €10,200/acre.