the going rate for renting land

flutered

whats the averege in your area, there are 9 acres in four divides about one and a half acres very wet, alongside of me, no subs on it, no fencing, the auctioneer is asking for 1,500 nothing less, i think he is loco, am i wrong

Sam Kade

What part of the country is it?

moll3

1k would be loads for it

flutered

nt cork

Sam Kade

flutered wrote: »

nt cork

That sounds cheap for Cork unless you are west of Kanturk.

Username John

Sam Kade wrote: »

That sounds cheap for Cork unless you are west of Kanturk.

Would have thought the go if it would be about 200/acre - for reasonable land...
So if you have 7.5 good acres, that's your 1500 right there...

You'd hear if higher prices paid, but I think there always something that makes them higher - either proximity to the farmer renting, or sometimes pride of the farmer renting that he won't let anyone else take it...

kk.man

If what you say is correct about the state of the land then its over the top alright. However the auctioneer has you in that if someone else takes it you might not get in there again. Tread tactfully.

flutered

its not for me, i have no worries there, the land is near mitchelstown, up a busey by road, no fencing on any of its four sides, no subs with it either, i recon 800 is its value, we'll see wwhat happens in a month, its of now use to the farmer boundsing it on one side, no farmer boundsing it on the other two the fourth is roadway

djmc

It is often asked here what price per acre but it's like asking how much is a house without seeing it or knowing what area or condition it's in.
I heard of rented land going from 50 to 500 an acre.
You would be better off asking someone in your local area or another estate agent in the area.
It also depends on what is going on around it and who might be interested growers or dairy men would probably give more than dry stock farmers.

kerry cow

I think alot of land is been driven,say like, father and young son drawing extra grants and entitlements .They can add another 100 euro on top of it per acre .hard to compete

Who2

9 acres or 3.6 entitlements or 3.6 h of anc payment. its worth 12-1300 to the right lad if the national reserve opens and then whatever else he may make off it.

Grueller

kerry cow wrote: »

I think alot of land is been driven,say like, father and young son drawing extra grants and entitlements .They can add another 100 euro on top of it per acre .hard to compete

About time some young lad was given a level playing field/advantage against the boys with big payments historically.

morris_miner

what is the cheapest price imaginable for average land to buy right now , i know of thirty acres for sale , most of it up a one km lane , id pay no more than 100 k

liam7831

morris_miner wrote: »

what is the cheapest price imaginable for average land to buy right now , i know of thirty acres for sale , most of it up a one km lane , id pay no more than 100 k

Ya that sounds reasonable, maybe put in an offer on 75k......just to get the ball rolling.......

morris_miner

it actually belongs to my uncle who has lived in canada since the mid seventies , he is coming to ireland this summer and wants to talk to me about it , trouble is , his wife is the boss and is a real hard ass , no sentimentality or giving family a break

liam7831

morris_miner wrote: »

it actually belongs to my uncle who has lived in canada since the mid seventies , he is coming to ireland this summer and wants to talk to me about it , trouble is , his wife is the boss and is a real hard ass , no sentimentality or giving family a break

Any kind of average land would make min 5-6k an acre

Who2

morris_miner wrote: »

it actually belongs to my uncle who has lived in canada since the mid seventies , he is coming to ireland this summer and wants to talk to me about it , trouble is , his wife is the boss and is a real hard ass , no sentimentality or giving family a break

You must be a fierce tight family if you expect it for 3k an acre even if it's up a 2 mile lane

morris_miner

i dont know where people get the idea that land is freely making 6 k an acre , good land can be bought for it right now outside the prime dairy regions of the country

land has fallen very sharply this past three years

liam7831

morris_miner wrote: »

i dont know where people get the idea that land is freely making 6 k an acre , good land can be bought for it right now outside the prime dairy regions of the country

land has fallen very sharply this past three years

What county are you talking about, any recent auction examples or links to results. I think ur a dreamer

liam7831

morris_miner wrote: »

i dont know where people get the idea that land is freely making 6 k an acre , good land can be bought for it right now outside the prime dairy regions of the country

land has fallen very sharply this past three years

http://www.agriland.ie/farming-news/farmland-prices-dip-in-the-first-quarter-of-2016-due-to-limited-supply/

morris_miner

an eight month old article , land is down over 10% since then

liam7831

morris_miner wrote: »

an eight month old article , land is down over 10% since then

Your maths must not be great, what's 10% off €9750... Oh yes that works out a 3k an acre well done.

djmc

It's down to around 8800 an acre so.
I'm sure the auctioneer will tell your uncles wife the value of it.

Grueller

morris_miner wrote: »

what is the cheapest price imaginable for average land to buy right now , i know of thirty acres for sale , most of it up a one km lane , id pay no more than 100 k

You'll not buy a lot of land so. Anything from €12 - €20k per acre around North Wexford atm.

kerry cow

In kerry all land makes 7 k but mostly between 10 and 15k .per ac

Willfarman

Grueller wrote: »

You'll not buy a lot of land so. Anything from €12 - €20k per acre around North Wexford atm.

Distorted by a two major town bypasses. Few sizeable reasonable qaulity places sold at around 8k too when the lads with road money weren't interested.

rangler1

Willfarman wrote: »

Distorted by a two major town bypasses. Few sizeable reasonable qaulity places sold at around 8k too when the lads with road money weren't interested.

Same here, 7 - 8 k for good land, was offered 40k for 40 acres in 2006 by a disapointed underbidder on a farm beside me,
It'll be soul destoying to see how it goes when i try it next year.

charolais0153

rangler1 wrote: »

Same here, 7 - 8 k for good land, was offered 40k for 40 acres in 2006 by a disapointed underbidder on a farm beside me,
It'll be soul destoying to see how it goes when i try it next year.

You surely mean 400k?

rangler1

charolais0153 wrote: »

You surely mean 400k?

40k/acre

Land beside it made 38k/acre, sold again two years ago for about 8k/acre
Land beside me made 50k/acre and has only grew ragwort since.
sure we thought we'd never be poor again

charolais0153

rangler1 wrote: »

40k/acre

Jesus christ

rangler1

charolais0153 wrote: »

Jesus christ

Hard to believe it ever happened, I consoled myself saying if I sold and put it in bank shares it'd be gone.
Only good thing was that every land sale was boosting the land values for CPO negotiations that were going on at the time

Mooooo

Ground we bought last year was offered 12 years ago for 25k/acre. What's worse is the bank would have given the money fortunately dad had sense. It didn't sell till we bought it in the end. Now he was stretching thinking he'd get that as we're too far from anywhere but that was the mindest at the time.
Still some lads got the timing right on such sales and others didn't,

rangler1

Mooooo wrote: »

Ground we bought last year was offered 12 years ago for 25k/acre. What's worse is the bank would have given the money fortunately dad had sense. It didn't sell till we bought it in the end. Now he was stretching thinking he'd get that as we're too far from anywhere but that was the mindest at the time.
Still some lads got the timing right on such sales and others didn't,

Fortunes made........and lost

Grueller

Willfarman wrote: »

Distorted by a two major town bypasses. Few sizeable reasonable qaulity places sold at around 8k too when the lads with road money weren't interested.

11 acres €170k. No road money involved with buyer or runner up.
18.9 acres private treaty. €320k. No road money.
Two latest sales I know of.

Reggie.

rangler1 wrote: »

Fortunes made........and lost

So you not going to rent it out rangler?

rangler1

Reggie. wrote: »

So you not going to rent it out rangler?

Be hard to see it being wrecked,
Never know, the right client might be out there,
but would be leaning toward selling at the moment
7 or 8 k could be a great price compare to what'll be worth in five years

Reggie.

rangler1 wrote: »

Be hard to see it being wrecked,
Never know, the right client might be out there,
but would be leaning toward selling at the moment
7 or 8 k could be a great price compare to what'll be worth in five years

This is true and your own financial future

Willfarman

Grueller wrote: »

11 acres €170k. No road money involved with buyer or runner up.
18.9 acres private treaty. €320k. No road money.
Two latest sales I know of.

Last year.
50 acre of heavy but good grassland privately @ 380k. 20 acre with v good site potential at some stage. on bounds of village at 180k. It grew potatoes last summer. 100 acres of heavyish ground near here sold for 5 thou an acre here last year. The vendor bought perhaps one of the nicest farms I ever put a foot on 10 thou an acre in 2015.

rangler1

Willfarman wrote: »

Last year.
50 acre of heavy but good grassland privately @ 380k. 20 acre with v good site potential at some stage. on bounds of village at 180k. It grew potatoes last summer. 100 acres of heavyish ground near here sold for 5 thou an acre here last year. The vendor bought perhaps one of the nicest farms I ever put a foot on 10 thou an acre in 2015.

New entrants and confidence is disappearing out of farming,
Mine is just bare land too, I made a conscious decision not to reinvest in the farm after the motorway going through so it's practically a blank canvas.

Grueller

Willfarman wrote: »

Last year.
50 acre of heavy but good grassland privately @ 380k. 20 acre with v good site potential at some stage. on bounds of village at 180k. It grew potatoes last summer. 100 acres of heavyish ground near here sold for 5 thou an acre here last year. The vendor bought perhaps one of the nicest farms I ever put a foot on 10 thou an acre in 2015.

You are around area so if I am not mistaken.

kk.man

rangler1 wrote: »

40k/acre

Land beside it made 38k/acre, sold again two years ago for about 8k/acre
Land beside me made 50k/acre and has only grew ragwort since.
sure we thought we'd never be poor again

You would want ever penny of it...the noise and hassle it creates especially where your farm was lovely and quite..
Once its gone it's gone

darragh_haven

I'm in a dairy intensive area in West Cork. Depending on the quality of land and length of lease, €140 to €260 per acre.
€8k to €12k to buy most land in west cork, but the majority of it is €10k/acre. A neighbour bought 16 acres for 170k a couple of weeks ago, fair to good land.

charolais0153

Will land see a major reduction in price in the next 20 years.... We're not in a dairy area

charolais0153

Will land see a major reduction in price in the next 20 years.... We're not in a dairy area

darragh_haven

charolais0153 wrote: »

Will land see a major reduction in price in the next 20 years.... We're not in a dairy area

There'll be no reduction in my area in 20 years. Stable to +20%, everyone dairying is expanding slowly, suckler men will be gone tho.

Willfarman

darragh_haven wrote: »

There'll be no reduction in my area in 20 years. Stable to +20%, everyone dairying is expanding slowly, suckler men will be gone tho.

Who knows what milk price will be like in 20 years. The market protection is gone.

rangler1

Willfarman wrote: »

Who knows what milk price will be like in 20 years. The market protection is gone.

I went to a protest one cold morning and met someone and said 'not a bad morning' his retort was 'you still have the heat of the car in you, see what your like in a hour' he was right,
You're suspecting that dairy farmers still have the heat of the car in them

rangler1

kk.man wrote: »

You would want ever penny of it...the noise and hassle it creates especially where your farm was lovely and quite..
Once its gone it's gone

Those were agriculture parcels,the 50k/acre just might have had hope value, maybe in a hundred years

Willfarman

rangler1 wrote: »

I went to a protest one cold morning and met someone and said 'not a bad morning' his retort was 'you still have the heat of the car in you, see what your like in a hour' he was right,
You're suspecting that dairy farmers still have the heat of the car in them

I really couldn't have put better

kevthegaff

Age profile of farmers are high also v little young lads around interested in farming. Reckon we l see cheap rents eventually here

charolais0153

kevthegaff wrote: »

Age profile of farmers are high also v little young lads around interested in farming. Reckon we l see cheap rents eventually here

Hopefully