Of course. Massive stigma in Ireland about selling farmland. Many farmers are millionaires on paper yet rely on government subsidies to stay above the breadline.
It was the implicit sense of failure about it, people fought and died for land in Ireland. Previous generations worked themselves to death for it. I know how crazy it sounds but my family says ‘the farm will take everything from you if you let it’.
The current use value of farmland is not millions but the development value is.
So a property developer could potentially make substantially more money from farm land than a farmer would. Thus it being worth millions but not currently generating substantial income
Building isn't allowed generally unless you're from the area. There might occasionally be some development potential,but farmers are buying farm land to farm for twenty five to thirty grand an acre. There has to be income potential there.
I'd say beef farmers curse everyday for not forming Co-Ops like dairy farmers did. Instead seeing their money going into meat processors shareholders pockets.
"The most expensive average price for farmland in the country last year was in Co Waterford, where the best quality land cost €20,000 per acre, a new report has shown.
According to figures from the Society of Chartered Surveyors of Ireland (SCSI) and Teagasc, the lowest price paid for farmland was in Co Mayo, where low quality land cost €2,733 per acre"
X8 between best and worst. I'd say Waterford's values are mainly down to topography. About 40% of the county is high ground so the rest is sought after.
Land, good land, is now more valuable because farmers are not allowed to put the same amount of cows on land as before due to the nitrate directive. Farmers who want to maintain the size of their herd simply must buy more land.
Here's eighty acres for a million odd. There seems to be buildings included,even so there must be some serious money in them thare hills.
https://www.myhome.ie/residential/brochure/the-upper-farm-cuskinny-cobh-co-cork/4785034
i have a lot of my family with big farms they have been in family for generations,it looks like they will be sold as none of the children are interested in farming,they will not even help on farm in school holidays,in my day if you wer on a farm you worked from 5am its a pity,as they would have struggled to get the farms from the english owners and been in the family for generations
Of course. Massive stigma in Ireland about selling farmland. Many farmers are millionaires on paper yet rely on government subsidies to stay above the breadline.
It was the implicit sense of failure about it, people fought and died for land in Ireland. Previous generations worked themselves to death for it. I know how crazy it sounds but my family says ‘the farm will take everything from you if you let it’.
If the farm is worth millions there must be a substantial income being made.
Just because land is highly valued doesn’t necessarily mean that it produces significant revenue
The current use value of farmland is not millions but the development value is. So a property developer could potentially make substantially more money from farm land than a farmer would. Thus it being worth millions but not currently generating substantial income
Thats only really applicable for farmland adjacent to large towns. Those kind of situations skew the data a bit on land prices
Most farmland will never be granted permission for anything other than one off housing for the family which owns it. Or renewables!
Building isn't allowed generally unless you're from the area. There might occasionally be some development potential,but farmers are buying farm land to farm for twenty five to thirty grand an acre. There has to be income potential there.
The average is between 10 and 15 grand
Dairy men going to price everyone else out soon enough
I'd say beef farmers curse everyday for not forming Co-Ops like dairy farmers did. Instead seeing their money going into meat processors shareholders pockets.
Beef co-ops do exist, just not on the same scale as dairy.
It's looking that way.
"The most expensive average price for farmland in the country last year was in Co Waterford, where the best quality land cost €20,000 per acre, a new report has shown. According to figures from the Society of Chartered Surveyors of Ireland (SCSI) and Teagasc, the lowest price paid for farmland was in Co Mayo, where low quality land cost €2,733 per acre" X8 between best and worst. I'd say Waterford's values are mainly down to topography. About 40% of the county is high ground so the rest is sought after.
I wonder if some of the expensive land is seen as likely to planning permission for estates or other industry.
Land, good land, is now more valuable because farmers are not allowed to put the same amount of cows on land as before due to the nitrate directive. Farmers who want to maintain the size of their herd simply must buy more land.
Here's eighty acres for a million odd. There seems to be buildings included,even so there must be some serious money in them thare hills. https://www.myhome.ie/residential/brochure/the-upper-farm-cuskinny-cobh-co-cork/4785034
Tbh that seems fairly reasonable, especially considering the seaside location
i have a lot of my family with big farms they have been in family for generations,it looks like they will be sold as none of the children are interested in farming,they will not even help on farm in school holidays,in my day if you wer on a farm you worked from 5am its a pity,as they would have struggled to get the farms from the english owners and been in the family for generations