Land Letting 2015

marathonm@n

How much is land letting for in Wexford? It's good land

larrymiller

marathonm@n wrote: »

How much is land letting for in Wexford? It's good land

300-350

marathonm@n

Didn't realise it was that much. Only getting 200 at the minute. I think I should put it in the local paper.

Many thanks

Greengrass1

marathonm@n wrote: »

Didn't realise it was that much. Only getting 200 at the minute. I think I should put it in the local paper.

Many thanks

Where abouts are you

marathonm@n

land is at kilmuckridge and also at redcross.

farmerjj

larrymiller wrote: »

300-350

350? The mind boggles

marathonm@n

farmerjj wrote: »

350? The mind boggles

What is it worth an acre?

larrymiller

farmerjj wrote: »

350? The mind boggles

Well that's what I negotiated on behalf of my uncle man paying is a dairy man, land needed lime and reseeding.

Also not to many years ago we got 400 an acre off a spud man but I wouldn't do it again.

larrymiller

If the land is near dairy men your sorted,
Also there's a few tillage lads that pay good money not far from that area.
I've been working closely with the uncle and lads are willing to pay top dollar

Greengrass1

marathonm@n wrote: »

land is at kilmuckridge and also at redcross.

Is land dry? Is it in grass? Tillage?
Redcross wicklow?

marathonm@n

Coolnatrindle,Kilmuckridge land very good.dry
redcross land 2/3 of it dry.
both in grass

Sacrolyte

I think 200 is a fair enough price to a livestock farmer. I think livestock farmers paying 300/350 pa are just being busy fools. Not only is the landowner getting his profit but he is also getting the farmers profit. But if he's willing to give it more power to him.The only caveat I would add to that is if the land was increasing somebody's milking area.in this scenario there maybe be scope for a 25% increase. IMHO. of course...

Mad4simmental

Is it 200 and no maps? If so dosnt sound to bad.

farmerjj

marathonm@n wrote: »

What is it worth an acre?

If its good land with water and fenced, I would pay between €140 to €190, that's without map's

ellewood

Why would you rent without maps??

farmerjj

ellewood wrote: »

Why would you rent without maps??

Don't need maps to get my entitlements,so no really needs to pay extra

larrymiller

farmerjj wrote: »

If its good land with water and fenced, I would pay between €140 to €190, that's without map's

You'd be laughed at around here with that amount.

dar31

Is the other land redcross Wicklow
Land for 3 years tillage went for €180/ac no maps through auctioneer

tomwaterford

farmerjj wrote: »

If its good land with water and fenced, I would pay between €140 to €190, that's without map's

If you can find any like that around here il take all you can get of it and sublet it to dairy farmers

farmerjj

tomwaterford wrote: »

If you can find any like that around here il take all you can get of it and sublet it to dairy farmers

I,m paying the lower figure I mentioned for good land, as they say fools and there money!

tomwaterford

farmerjj wrote: »

I,m paying the lower figure I mentioned for good land, as they say fools and there money!

If twoz me I'd sub it out at 350+ an acre....easiest money you'd make


Though I do fear someone will get burnt by the prices being paid ??

mf240

350 an acre plus ressseding fert and lime. Few troughs pipe bits and pieces.


Say 400 an acre if you spread out the resseding cost over a few years.

Buy cows work harder and get outbid when you have it looking well.

Methinks lads could be badly bulling.

mahoney_j

farmerjj wrote: »

If its good land with water and fenced, I would pay between €140 to €190, that's without map's

That rules u out so farmerjj!!!!land around here going for up to 380 an acre with maps and 250 without

Farrell

mahoney_j wrote: »

That rules u out so farmerjj!!!!land around here going for up to 380 an acre with maps and 250 without

All joking aside is it feasible.
Some landlords I know would look €1000 an acre if they could get someone willing to finance their lifestyles, but everyone has to have a cut.
If milk/beef were to drop in value, grain/veg not get harvested how would this be paid for?

joejobrien

It s ALL RELEVANT lads.
good land could be worth 250 an acre because u can get out early and stay out late unlike heavy ground still making up on 200 , with 1/2 rushes and other half old pasture.
give me land @ 250/300, if it forward quality land. S***t around limerick freely making 200+ and it aint dairy farmers driving it
Alot of dreamers think fortune in dairying so lets open there ****

tomwaterford

Farrell wrote: »

All joking aside is it feasible.
Some landlords I know would look €1000 an acre if they could get someone willing to finance their lifestyles, but everyone has to have a cut.
If milk/beef were to drop in value, grain/veg not get harvested how would this be paid for?

It wouldn't....landlords won't get paid

Mad4simmental

Friend rented a bit of his farm around 80ac one block half grass half tillage very good dry ground. Tillage in index 2 and grass in index 3. €190ac no maps year by year lease. The lads paying €400 won't be around in a few years time.

grassroot1

The op asked what it would make and the answer would be 300 to 350 an acre, with the higher side for long term lease. I could not pay that but that's not what we were asked. That said it would want to be through an auctioneer let him follow the man leasing it.

larrymiller

grassroot1 wrote: »

The op asked what it would make and the answer would be 300 to 350 an acre, with the higher side for long term lease. I could not pay that but that's not what we were asked. That said it would want to be through an auctioneer let him follow the man leasing it.

+1 that's what he asked and that's what he can get

marathonm@n

What commission do agents normally charge for letting and does tenant or landowner usually pay?

farmerjj

marathonm@n wrote: »

What commission do agents normally charge for letting and does tenant or landowner usually pay?

Is this for a collage project or something?

darragh_haven

Accordimg to an article a few days ago top dairy farmers are making €1300/acre. The farmer uses the landowners asset to make a profit. a middle of the road dairy farmer will still make a tidy profit renting land next to his existing land block at 300/acre

larrymiller

darragh_haven wrote: »

Accordimg to an article a few days ago top dairy farmers are making €1300/acre. To farmer uses the landowners asset to make a profit. a middle of the road dairy farmer will still make a tidy profit renting land next to his existing land block at 300/acre

That's it exactly.
I wouldn't even consider it at a penny less

Cow Porter

darragh_haven wrote: »

Accordimg to an article a few days ago top dairy farmers are making €1300/acre. The farmer uses the landowners asset to make a profit. a middle of the road dairy farmer will still make a tidy profit renting land next to his existing land block at 300/acre

In this scenario the farmer is also expanding and each additional cow / heifer is another 1300. Expansion is cash hungry

Timmaay

Cow Porter wrote: »

In this scenario the farmer is also expanding and each additional cow / heifer is another 1300. Expansion is cash hungry

Also maybe the top dairy farmer made 1300/ac last yr, with record milk prices and one of the best grass growth years on record. His resulting huge SL bill which he will pay back over the next 3yrs isn't factored in to that 1300/ac either.

Injuryprone

Also the profit on any additional acres that he leases will be fully taxed at the higher rate

Milked out

darragh_haven wrote: »

Accordimg to an article a few days ago top dairy farmers are making €1300/acre. The farmer uses the landowners asset to make a profit. a middle of the road dairy farmer will still make a tidy profit renting land next to his existing land block at 300/acre

The only problem with figures like that is what they leave in or out, you'd need the background to how they gathered the info if going off it

darragh_haven

Milked out wrote: »

The only problem with figures like that is what they leave in or out, you'd need the background to how they gathered the info if going off it

I am in a very intensive dairy area (Skibbereen area, West Cork) and there might not be any farmer getting near the €1,300/acre, but if 30 or 40 acres came up for lease today, €300/acre might get you the lease of it, but most likely not. So, i think on a 5 year cycle, an average dairy farmer in my area must be making a substantial profit per acre to warrant scramble for land at this price.

I have been looking at leasing land in this area, but was laughed out of it at 220/acre....

Deepsouthwest

darragh_haven wrote: »

Accordimg to an article a few days ago top dairy farmers are making €1300/acre. The farmer uses the landowners asset to make a profit. a middle of the road dairy farmer will still make a tidy profit renting land next to his existing land block at 300/acre

Where did u read that article? Are u sure it wasn't €1300/hectare?

ihatewinter

Land is going for astronomical prices. I suppose young farmers and dairy men a are driving up prices. I was looking at a local field with 15 acres going for 150 per acre until 31 December. Sure it wouldn't be worth it, can't put entitlements on it or claim for National Reserve.

Say a young farmer takes land for 300 per acre. So they pay 750 per hectare. They will get 250 entitlement and 62.5 on top up. So 312 per hectare. Already 440 in debt. Will be hard to make a profit when you factor in costs.

Milked out

darragh_haven wrote: »

I am in a very intensive dairy area (Skibbereen area, West Cork) and there might not be any farmer getting near the €1,300/acre, but if 30 or 40 acres came up for lease today, €300/acre might get you the lease of it, but most likely not. So, i think on a 5 year cycle, an average dairy farmer in my area must be making a substantial profit per acre to warrant scramble for land at this price.

I have been looking at leasing land in this area, but was laughed out of it at 220/acre....

I'm not so far away myself and know the score with rental also, anything around the 200/ acre mark tends to be on conacre with old grass and infertile or heavy ground or both so I'd say it's a case of if the extra production from good blocks would cover the balance of 100 euro over the poorer ground. Between quotas going and bps and Yong farmer scheme id say the market is inflated at the moment but as u say if demand is there price will go up

darragh_haven

Deepsouthwest wrote: »

Where did u read that article? Are u sure it wasn't €1300/hectare?

The independant on Tuesday, it actually said the top dairy farmers were getting €3200/ hectare ..... not the most reliable of sources i know. Another acticle in teh Journal today regarding teagasc clients and their profit/Hectare

darragh_haven

Milked out wrote: »

I'm not so far away myself and know the score with rental also, anything around the 200/ acre mark tends to be on conacre with old grass and infertile or heavy ground or both so I'd say it's a case of if the extra production from good blocks would cover the balance of 100 euro over the poorer ground. Between quotas going and bps and Yong farmer scheme id say the market is inflated at the moment but as u say if demand is there price will go up

yeah, there are lots of factors putting upward pressure on blocks of good grassland. The 20 to 40 acres block of land that only needs a roadway down the middle of it, is being fought over tooth and nail. it doesnt do anything for neighbourly relations

deputy_major

im genuinely amazed when i read these reports about how land is freely making 300 per acre , my mother is a widowed and retired dairy farmer , she recent entered into a ten year lease with a dairy farmer who lives three miles away , he is going to use her land block and milking facilities to milk a second herd , the agreed price is 200 per acre , i spoke to the local teagasc dairy advisor on several occasions in the run up the deal and he has repeatedly claimed that this is a very good price so it sounds like either he is a liar and was angling for a deal for the tenant ( tenant is also a teagasc client ) or is simply plain uninformed about the realities of the market

i would add that this is hundreds of mile from cork and their are no neighbouring dairy farmers for at least three miles in any direction ( mother retired from dairying in 2011 )

Miname

deputy_major wrote: »

im genuinely amazed when i read these reports about how land is freely making 300 per acre , my mother is a widowed and retired dairy farmer , she recent entered into a ten year lease with a dairy farmer who lives three miles away , he is going to use her land block and milking facilities to milk a second herd , the agreed price is 200 per acre , i spoke to the local teagasc dairy advisor on several occasions in the run up the deal and he has repeatedly claimed that this is a very good price so it sounds like either he is a liar and was angling for a deal for the tenant ( tenant is also a teagasc client ) or is simply plain uninformed about the realities of the market

i would add that this is hundreds of mile from cork and their are no neighbouring dairy farmers for at least three miles in any direction ( mother retired from dairying in 2011 )

No dairying neighbours is your main point. I've land on lease at 100 but I had to put a lot of work into it to get it right. There's another plot 4 miles from me that is lying into 3 dairy farmers and is that worn out couldn't even get 100 an acre. I went to look at it and there was way too much to be spent on it to get it right. 200 an acre for some ground is loads, if you've only beef farmers around that's about as much as most can go if not even above without loosing money. Also there's a big difference between a lot of cork land and a fair share of a lot of the other counties.

mf240

deputy_major wrote: »

im genuinely amazed when i read these reports about how land is freely making 300 per acre , my mother is a widowed and retired dairy farmer , she recent entered into a ten year lease with a dairy farmer who lives three miles away , he is going to use her land block and milking facilities to milk a second herd , the agreed price is 200 per acre , i spoke to the local teagasc dairy advisor on several occasions in the run up the deal and he has repeatedly claimed that this is a very good price so it sounds like either he is a liar and was angling for a deal for the tenant ( tenant is also a teagasc client ) or is simply plain uninformed about the realities of the market

i would add that this is hundreds of mile from cork and their are no neighbouring dairy farmers for at least three miles in any direction ( mother retired from dairying in 2011 )

You only hear about the sensational prices in the media.

In your case unless you had two neighbouring dairy farmers competing for it your not going to get the big bucks.

Ive land rented and if it was making that kind of money id walk away from it.

deputy_major

mf240 wrote: »

You only hear about the sensational prices in the media.

In your case unless you had two neighbouring dairy farmers competing for it your not going to get the big bucks.

Ive land rented and if it was making that kind of money id walk away from it.

oh i agree it seems like crazy money but its also unlikely a teagasc advisor would be unaware of the rental market

the tenant in question is a reliable man but at the end of the day the market cant be ignored , 200 euro an acre seems like a very poor price right now , i might add that the tenant will be handing over the value of the farms entitlements to my mother each year , this brings the total value to 300 per acre , not like its costing him money however

Miname

deputy_major wrote: »

oh i agree it seems like crazy money but its also unlikely a teagasc advisor would be unaware of the rental market

the tenant in question is a reliable man but at the end of the day the market cant be ignored , 200 euro an acre seems like a very poor price right now , i might add that the tenant will be handing over the value of the farms entitlements to my mother each year , this brings the total value to 300 per acre , not like its costing him money however

You've absolutely nothing to be complaining about with that deal. What county are you even in

deputy_major

Miname wrote: »

No dairying neighbours is your main point. I've land on lease at 100 but I had to put a lot of work into it to get it right. There's another plot 4 miles from me that is lying into 3 dairy farmers and is that worn out couldn't even get 100 an acre. I went to look at it and there was way too much to be spent on it to get it right. 200 an acre for some ground is loads, if you've only beef farmers around that's about as much as most can go if not even above without loosing money. Also there's a big difference between a lot of cork land and a fair share of a lot of the other counties.

but does the land you have on lease have a milking parlour ( albeit minus a milk tank and built in 1984 and with half the clusters stolen since january 2011 ) and an eighty cubicle cow shed as well as calf sheds , calving boxes , three other slatted sheds and two silage pits

?

Miname

deputy_major wrote: »

but does the land you have on lease have a milking parlour ( albeit minus a milk tank and built in 1984 and with half the clusters stolen since january 2011 ) and an eighty cubicle cow shed as well as calf sheds , calving boxes , three other slatted sheds and two silage pits

?

No but we are talking about land letting if you thought they are worth so much you should have put them onto a separate lease

deputy_major

Miname wrote: »

You've absolutely nothing to be complaining about with that deal. What county are you even in

its my widowed mothers farm

let me ask you , if she has " nothing to complain about " ( and perhaps your right ) @ 200 per acre , what title do these 300 an acre leases fall under ?

genuinely curious