cost of hill land

cycling is fun

Hi i am looking for a ballpark figure of how much it would cost to buy land per acre when its a hill farm there is about 40 acres the land is in mayo its only suitable for sheep its full of rocks not good for much really also how much would someone pay to rent said ground for a year thanks in advance there are no buildings or a farm house included in the sale

Thunderbird

cycling is fun wrote: »

Hi i am looking for a ballpark figure of how much it would cost to buy land per acre when its a hill farm there is about 40 acres the land is in mayo its only suitable for sheep its full of rocks not good for much really also how much would someone pay to rent said ground for a year thanks in advance there are no buildings or a farm house included in the sale

Is it boggy or greenish hill
Maybe 60000

sonnybill

cycling is fun wrote: »

Hi i am looking for a ballpark figure of how much it would cost to buy land per acre when its a hill farm there is about 40 acres the land is in mayo its only suitable for sheep its full of rocks not good for much really also how much would someone pay to rent said ground for a year thanks in advance there are no buildings or a farm house included in the sale

E1000 an acre ? Usually the few gardens (<10acres) close to the house would be of better quality, if that already gone off of it and it's pure steep rocky outcrop I don't know if I even would go 40k for 40 acres but all depends on circumstances - if it is beside you And you can get national reserve to get a man started poor hectare pays same as a limestone one !

40 acres 16.2 ha

E250 NR
E69 YFS
E100 ANC

E419 X 16.2HA = E6787... He'd have gone a good way on paying it off in 6 years especially if he could get it into next agri environmental scheme

cycling is fun

Thunderbird wrote: »

Is it boggy or greenish hill
Maybe 60000

its not greenish hill anyways, I have not walked through it yet so not sure of ground quality at all really just trying to find out a figure that I should expect to pay, thanks for your help

cycling is fun

sonnybill wrote: »

E1000 an acre ? Usually the few gardens (<10acres) close to the house would be of better quality, if that already gone off of it and it's pure steep rocky outcrop I don't know if I even would go 40k for 40 acres but all depends on circumstances - if it is beside you And you can get national reserve to get a man started poor hectare pays same as a limestone one !

40 acres 16.2 ha

E250 NR
E69 YFS
E100 ANC

E419 X 16.2HA = E6787... He'd have gone a good way on paying it off in 6 years especially if he could get it into next agri environmental scheme[/QUOTE

your price per acre is around about what I was thinking/hoping it would be its really in bad nick I am not near the area I live an hour a way but I have a connection to the area sorry to appear like a dope but what does the following refer to

E250 NR
E69 YFS
E100 ANC

thanks for your very quick reply

SuperTortoise

^ What you could make of the land per year in payments. etc

sonnybill

cycling is fun wrote: »

sonnybill wrote: »

E1000 an acre ? Usually the few gardens (<10acres) close to the house would be of better quality, if that already gone off of it and it's pure steep rocky outcrop I don't know if I even would go 40k for 40 acres but all depends on circumstances - if it is beside you And you can get national reserve to get a man started poor hectare pays same as a limestone one !

40 acres 16.2 ha

E250 NR
E69 YFS
E100 ANC

E419 X 16.2HA = E6787... He'd have gone a good way on paying it off in 6 years especially if he could get it into next agri environmental scheme[/QUOTE

your price per acre is around about what I was thinking/hoping it would be its really in bad nick I am not near the area I live an hour a way but I have a connection to the area sorry to appear like a dope but what does the following refer to

E250 NR
E69 YFS
E100 ANC

thanks for your very quick reply

NR - National Reserve .. If young qualified farmer with green cert earning under 40k you can apply to this fund for E250 per hectare entitlement

YFS is young farmer scheme , young qualified farmer get 25% top up on existing and NR entitlements regardless of income up to a max of 50 Ha.

ANC is area of natural constraint ( old disadvantaged scheme)

109.99 for first 10 ha, 95.99 for remaining 24ha, max 3400.86, I rounded it to E100 per ha for handiness in your calculations .. You need to have stock for this payment 0.15 lu for 12 mts or 0.3lu for 7 consecutive months

orchard farm

Youll not buy much for less than 2k acre even bad land is someones gold

MIKEKC

sonnybill wrote: »

E1000 an acre ? Usually the few gardens (<10acres) close to the house would be of better quality, if that already gone off of it and it's pure steep rocky outcrop I don't know if I even would go 40k for 40 acres but all depends on circumstances - if it is beside you And you can get national reserve to get a man started poor hectare pays same as a limestone one !

40 acres 16.2 ha

E250 NR
E69 YFS
E100 ANC

E419 X 16.2HA = E6787... He'd have gone a good way on paying it off in 6 years especially if he could get it into next agri environmental scheme

As is usual with these replies no talk about tax. Will have to be stocked for ANC. Stock will have to be looked after, maybe land fenced, more expense.How could it be paid off in six years?

MIKEKC

sonnybill wrote: »

cycling is fun wrote: »

NR - National Reserve .. If young qualified farmer with green cert earning under 40k you can apply to this fund for E250 per hectare entitlement

YFS is young farmer scheme , young qualified farmer get 25% top up on existing and NR entitlements regardless of income up to a max of 50 Ha.

ANC is area of natural constraint ( old disadvantaged scheme)

109.99 for first 10 ha, 95.99 for remaining 24ha, max 3400.86, I rounded it to E100 per ha for handiness in your calculations .. You need to have stock for this payment 0.15 lu for 12 mts or 0.3lu for 7 consecutive months

Who told you there will be a National Reserve next year. This will only happen if funding is available. With the clawback on entitlement sales there is vary little funding for this scheme

cycling is fun

orchard farm wrote: »

Youll not buy much for less than 2k acre even bad land is someones gold

I disagree with this comment but thank you none the less for your input


http://www.daft.ie/mayo/commercial-property-for-sale/agricultural-farm-land-for-sale/glenummera-westport-westport-mayo-490629/


http://www.daft.ie/donegal/commercial-property-for-sale/agricultural-farm-land-for-sale/straboy-glencolmcille-donegal-228260/

tomwaterford

cycling is fun wrote: »

I disagree with this comment but thank you none the less for your input


http://www.daft.ie/mayo/commercial-property-for-sale/agricultural-farm-land-for-sale/glenummera-westport-westport-mayo-490629/


http://www.daft.ie/donegal/commercial-property-for-sale/agricultural-farm-land-for-sale/straboy-glencolmcille-donegal-228260/

If you planted it....the premiums would nearly meet repayments??

And you'd have crop of trees as profit

cycling is fun

sonnybill wrote: »

cycling is fun wrote: »

NR - National Reserve .. If young qualified farmer with green cert earning under 40k you can apply to this fund for E250 per hectare entitlement

YFS is young farmer scheme , young qualified farmer get 25% top up on existing and NR entitlements regardless of income up to a max of 50 Ha.

ANC is area of natural constraint ( old disadvantaged scheme)

109.99 for first 10 ha, 95.99 for remaining 24ha, max 3400.86, I rounded it to E100 per ha for handiness in your calculations .. You need to have stock for this payment 0.15 lu for 12 mts or 0.3lu for 7 consecutive months

thanks very much for taking the time to explain that to me I had no idea of these options

Kevhog1988

sonnybill wrote: »

cycling is fun wrote: »

NR - National Reserve .. If young qualified farmer with green cert earning under 40k you can apply to this fund for E250 per hectare entitlement

YFS is young farmer scheme , young qualified farmer get 25% top up on existing and NR entitlements regardless of income up to a max of 50 Ha.

ANC is area of natural constraint ( old disadvantaged scheme)

109.99 for first 10 ha, 95.99 for remaining 24ha, max 3400.86, I rounded it to E100 per ha for handiness in your calculations .. You need to have stock for this payment 0.15 lu for 12 mts or 0.3lu for 7 consecutive months

Does the NR encompass off farm income also?

cycling is fun

tomwaterford wrote: »

If you planted it....the premiums would nearly meet repayments??

And you'd have crop of trees as profit

not sure the land I am looking at would be suitable for forestry it is something I am also considering none the less

going to contact the auctioneer next week I was looking for advice on here on what I should expect to pay etc thanks to ever one who replied

MIKEKC

theemigrant wrote: »

sonnybill wrote: »

Does the NR encompass off farm income also?

I think about e40,000

sonnybill

MIKEKC wrote: »

As is usual with these replies no talk about tax. Will have to be stocked for ANC. Stock will have to be looked after, maybe land fenced, more expense.How could it be paid off in six years?

Yeah you are right no NR confirmed for 2018 yet, could be 2019. Tax .. i took a gamble on an extra bit in 2013 and it's paid off and I fully tax compliant. Bit of my own money Put in for sure on fencing, crushes , solicitors fees etc for sure but it's my own now ... I'd always back a man to have a punt and see how it goes, land is a solid investment in my eyes.

cycling is fun

sonnybill wrote: »

Yeah you are right no NR confirmed for 2018 yet, could be 2019. Tax .. i took a gamble on an extra bit in 2013 and it's paid off and I fully tax compliant. Bit of my own money Put in for sure on fencing, crushes , solicitors fees etc for sure but it's my own now ... I'd always back a man to have a punt and see how it goes, land is a solid investment in my eyes.

well their not making it anymore:) not sure its solid though seems like it could be very soft underfoot hope to be in contact with the auctioneer about it next week and maybe walk it and look in to the possibilities thanks again for your help

orchard farm

cycling is fun wrote: »

I disagree with this comment but thank you none the less for your input


http://www.daft.ie/mayo/commercial
















-property-for-sale/agricultural-farm-land-for-sale/glenummera-westport-westport-mayo-490629/


http://www.daft.ie/donegal/commercial-property-for-sale/agricultural-farm-land-for-sale/straboy-glencolmcille-donegal-228260/

Fair play if you can buy land under 2k cause your talkin a ror of 8-10 percent if your a good farmer,most farmland would be ror of 3-4 per cent.but each man woman and farm is different

cycling is fun

orchard farm wrote: »

Fair play if you can buy land under 2k cause your talkin a ror of 8-10 percent if your a good farmer,most farmland would be ror of 3-4 per cent.but each man woman and farm is different

The 2 above examples prove that it is possible can I ask you what is ror?

Thunderbird

Can u send a link to the land from auctioneers website

cycling is fun

Thunderbird wrote: »

Can u send a link to the land from auctioneers website

https://www.agriculturalconsultant.net/component/osproperty/62-28-acres-of-land-for-sale-135-76-acres-of-commonage

I assume ror is rate of return?

cycling is fun

Thunderbird wrote: »

Can u send a link to the land from auctioneers website

http://www.tot.ie/land-mayo/agricultural-land-mayo.html?view=property&id=2054

orchard farm

Yea ror is rate of return.im sceptical of them prices,maybe its low to entice a bidding war or maybe its because of the volume,difference in buyin 200acre mountain and 40acre

orchard farm

Yea ror is rate of return.im sceptical of them prices,maybe its low to entice a bidding war or maybe its because of the volume,difference in buyin 200acre mountain and 40acre