renting €€€€€

sinewc

i'm looking to rent a small piece of land, any thing up to about fifty acres but have been quoted a scary price. just wondering how much it's generally trading for per acre these days? its in the north tipperary area?

ihatetractors

sinewc wrote: »

i'm looking to rent a small piece of land, any thing up to about fifty acres but have been quoted a scary price. just wondering how much it's generally trading for per acre these days? its in the north tipperary area?

250 per acre, generaly works out sfp+€100 for ground around Mid Wexford aanyway.

leg wax

100 euros a acre here in waterford i have 60 at that with slatted sheds as well,no maps just move slurry to it.

trevor_matode

Wasn't some place in the journal sold for 750/acre last year in Tipp? Makes 250 sound v. high. But I can only talk about E. galway and around.

Rental Ground has been advertised as low as 50/acre E. galway, mid/north ros last year.
Plenty around asking 80-100. I know of good mixed grazing ground set at 65/acre, but that price is for the right guy, who won't wreck it.

It all depends on what it's good for, and who else wants it, when you can graze it.

If it's underwater half the year, or only fit to produce a crop of stones, or rushes, an asking price of 250/acre wouldn't get any takers.

On the other hand, if it was top arable land and grain prices were going through the roof...

Like anything, it's worth what 2 people will pay for it, plus a euro.

You shouldn't look at the quoted price before working out for yourself what it's worth to you. Then WALK AWAY unless it's worth it for you.

Good luck whatever you do.

reilig

Wasn't some place in the journal sold for 750/acre last year in Tipp?

Think you left out a 0 there. It was more like €7500

sinewc

thanks, €70 is what its worth to me. doesn't have to be the best land in the country but i ain't in the business of cutting turf or pulling ragwort. just grazing ground for store bullocks. let me know if ye hear of anything within 30 miles of nenagh.

sinewc

and i don't know where that place in tipp was but it musta been at the top of slievenamon for 750 an acre. woulda nearly threw in a bid for the craic.

trevor_matode

Sorry, found it. Was Clare, not Tipp. Was THE BURREN and ~1500 acres.

Most sold for LESS than 750/acre: 850 acres @ €305/acre and 482 acres @ €207 an acre.

From the journal:

By Shirley Busteed

A 1,540-acre winterage and grazing farm situated in the Burren region of north Clare surpassed expectation at last week’s public auction, writes Shirley Busteed.

One of the biggest farms to come on the market this year sold under the hammer last week before a packed crowd in the Falls Hotel, Ennistymon. Extending to 1,540 acres, the farm at Fanore, Co Clare, mostly comprised winterage type land and was home to a suckler herd and a sheep flock for a long number of years. Situated in the Burren region of north Co Clare, the farm beat all expectation at auction and sold in no less than eight separate lots for a combined total of €1.157 million.

Plenty of local customers combined with lively bidding generated a brisk atmosphere for selling agent John Vaughan, Ennistymon and Clare Marts, Ennis. The first lot comprising 482 acres of mostly winterage land was bought by a relation for €100,000; a further 148 acres of winterage was snapped up by a farmer from Kilfenora for €85,000; 16.9 acres of grazing ground was purchased by a local builder for €105,000; the single-storey residence on an acre was secured by a relation for €100,000; the best price of €285,000 was paid by another relative for 20 acres of grazing; 30 acres with limited access was bought by a local farmer for €160,000; a 0.5-acre zoned site went to a local at €62,000, while the biggest parcel of 850 acres of winterage sold for €260,000 to a local farmer. This gave a combined total of €1.157 million.

Located between the villages of Ballyvaughan and Fanore, the property comes with a three-bedroom single-storey residence and a range of traditional farm buildings that include a hayshed and cattle house. With the exception of c.52 acres, the farm is set out in one 1,488-acre block and about 107 acres is described as ’’summer grazing ground’’.

I also found this report:

http://farmersforum.ie/marts/docs/Farm%20Land%20Market%20Review%202010.pdf

I quote:






The biggest farm to come to the market this year which
was at Fanore, Co Clare, on 1,540 acres which sold at auction
for €1,157,000 or €751 per acre. By taking this particular
sale into account, the average price of land for 2009 in this
area would only be €3,410 per acre. As this land made €750
per acre it cannot be regarded as pure agricultural land and
therefore we have excluded it on this basis from this region.
However we have included it in the overall totals on a national
basis as it is a significant land mass.

reilig

But that's not a realistic example to be giving to someone like the OP who is only looking for anything up to 50 acres in North Tipperary where some of the best land in the country is located.. €9678 was the average price in 2009. This is the figure that should have been quoted to the op. The €750 per acre was just a once off and was for 30 times more land than the Op is looking for and also it was for mountain land - much of which is unaccessable by vehicle and most of which is only suitable for sheep grazing.

Also, rental ground costs will vairy depending on how much the single payment is worth (if any) and if a DA payment can be claimed. I know of 25 acres with an €800 disadvantaged payment that can be rented for €1500 (you'd only be out €700 for the year). but on the other hand, I tried to rent 30 acres last year which had a €5700 Single Payment and a €900 disadvantaged area payment and I pulled out of the auction at €12000. It eventually went for €15,000 on a 7 year lease to be reviewed when details of new single payment figures become available. For short rental periods of 6 to 11 months you will get grass at €40 to €100 per acre but if you're talking about long term grazing and claiming the entitlements available with that land you are looking at anything from €100 to €200 per acre - depending on the amount of entitlements with it.

trevor_matode wrote: »

Sorry, found it. Was Clare, not Tipp. Was ~1500 acres.
http://farmersforum.ie/marts/docs/Farm%20Land%20Market%20Review%202010.pdf

I quote:


The biggest farm to come to the market this year which
was at Fanore, Co Clare, on 1,540 acres which sold at auction
for €1,157,000 or €751 per acre. By taking this particular
sale into account, the average price of land for 2009 in this
area would only be €3,410 per acre. As this land made €750
per acre it cannot be regarded as pure agricultural land and
therefore we have excluded it on this basis from this region.
However we have included it in the overall totals on a national
basis as it is a significant land mass.

cattle man

anyone any idea how much good grazing land in sligo would be goin for for say 10months.

and is it possible to claim disadvantage area aid on rented land in sligo:)

sinewc

no bother folks. i'm just interested in finding some grazing ground. i would be interested in a lease for a number of years but without the Single farm payment on it preferably.
i did not intend on causing a land price debate.
i'm being asked for €150/acre which i don't want to pay!

sinewc

cattle man wrote: »

anyone any idea how much good grazing land in sligo would be goin for for say 10months.

and is it possible to claim disadvantage area aid on rented land in sligo:)

you'll have to get on to the Dept to see what classification its under.
it may suit you if your already claiming a SFP but if not, you'll have to apply to the national reserve for new entitlements.
and in my humble opinion, your gonna get what you pay for in the line of grazing. €40 for poor grazing. up to €200 for very productive land!

trevor_matode

reilig wrote: »

But that's not a realistic example to be giving to someone like the OP who is only looking for anything up to 50 acres in North Tipperary where some of the best land in the country is located.. €9678 was the average price in 2009. This is the figure that should have been quoted to the op. The €750 per acre was just a once off and was for 30 times more land than the Op is looking for and also it was for mountain land - much of which is unaccessable by vehicle and most of which is only suitable for sheep grazing.

Also, rental ground costs will vairy depending on how much the single payment is worth (if any) and if a DA payment can be claimed. I know of 25 acres with an €800 disadvantaged payment that can be rented for €1500 (you'd only be out €700 for the year). but on the other hand, I tried to rent 30 acres last year which had a €5700 Single Payment and a €900 disadvantaged area payment and I pulled out of the auction at €12000. It eventually went for €15,000 on a 7 year lease to be reviewed when details of new single payment figures become available. For short rental periods of 6 to 11 months you will get grass at €40 to €100 per acre but if you're talking about long term grazing and claiming the entitlements available with that land you are looking at anything from €100 to €200 per acre - depending on the amount of entitlements with it.

fair enough! Of course it's not realistic compared to TN land. But the point is we're all too optimistic - just for the OP to walk away when it's not worth it, not endure hardship for no profit.

On it being a one-off, it was a two-off (2 seperate sales, 1@€207/acre and 1@€305/acre) but you had that rare beast in the auction room, the "willing seller", so you got real market-clearing prices for the land.

There's nothing like a no-reserve auction to find the real value of something.

Casinoking

sinewc wrote: »

i'm looking to rent a small piece of land, any thing up to about fifty acres but have been quoted a scary price. just wondering how much it's generally trading for per acre these days? its in the north tipperary area?

I know of a couple of pieces of land around the 80 acre mark on the market in North Tipp at the minute. One parcel is for 5 year lease and is currently making €240/ac PLUS the SFP which the owner wants paid over to him in full when it's drawn down, and comes to another €160/ac or so. Absolute lunacy in my opinion. The other piece of ground was making €130/ac last year without maps but the owner thinks he was getting robbed so wants offers in excess of that. Both are grass farms and not really suitable for tillage, there's a share of each you probably wouldn't even cut silage off.

cattle man

sinewc wrote: »

you'll have to get on to the Dept to see what classification its under.
it may suit you if your already claiming a SFP but if not, you'll have to apply to the national reserve for new entitlements.
and in my humble opinion, your gonna get what you pay for in the line of grazing. €40 for poor grazing. up to €200 for very productive land!

thanks for that hard to find grazing land in sligo seems to be hard got at the right price :rolleyes:

Juniorhurler

3 parcels set in north wexford over the last week.
1. 37 acres with €2000 entitlement brought €8400, some rushes on it but not too wet for 32 acres
2. 18 acres without maps brought €157 per acre, good dry land
3. 35 acres brought €143 per acre without maps. Heavy land with probably a 6-61/2 month grazing season.
Farmers are their own worst enemies I think.