Land rental €€?

Galwaylad92

What would going rate to rent about 45-50 acres of land. With no entitlements, but going into young farmer scheme.Not looking for dairy land. Just rough sheep/cattle land. Maybe get some silage off it. Also can you get them 60% grants to fence or do work on rented land as no fencing or infrastructure on land I’ve been looking at. East Galway area!.

Fine Day

Galwaylad92 wrote: »

What would going rate to rent about 45-50 acres of land. With no entitlements, but going into young farmer scheme.Not looking for dairy land. Just rough sheep/cattle land. Maybe get some silage off it. Also can you get them 60% grants to fence or do work on rented land as no fencing or infrastructure on land I’ve been looking at. East Galway area!.

Land rent prices will depend on who is for it. I read lately on the farming indo that some land in Kilkenny made 350 per acre. Dairy guys are willing to pay top dollar for the right land. If you are a part time farmer my advise is to forget about the idea & stick to the job & enjoy your evenings & weekends rather than be working like a slave at farming for nothing on your spare time. But if it sumin your passionate about then its hard not to consider going for it.

davidk1394

Theheff wrote: »

Land rent prices will depend on who is for it. I read lately on the farming indo that some land in Kilkenny made 350 per acre. Dairy guys are willing to pay top dollar for the right land. If you are a part time farmer my advise is to forget about the idea & stick to the job & enjoy your evenings & weekends rather than be working like a slave at farming for nothing on your spare time. But if it sumin your passionate about then its hard not to consider going for it.

€350 is the norm around here. Some fellas are giving €500/acre

_Brian

davidk1394 wrote: »

€350 is the norm around here. Some fellas are giving €500/acre

Wow, €500 !

wrangler

davidk1394 wrote: »

€350 is the norm around here. Some fellas are giving €500/acre

You're mad to be trying to farm with that available, €500/acre and possibly tax free as well

roosterman71

Rented out a lot of ground this year. Not for tillage or dairy, but beef boys took it. Everyone who inquired offered way less than what has been quoted here. On average, it got rented at less than €200 an acre. And at that, it was a serious battle to get it. There wasn't a queue of lads looking either.

Fine Day

davidk1394 wrote: »

€350 is the norm around here. Some fellas are giving €500/acre

Is this for grassland or potatoes.

Mad_maxx

roosterman71 wrote: »

Rented out a lot of ground this year. Not for tillage or dairy, but beef boys took it. Everyone who inquired offered way less than what has been quoted here. On average, it got rented at less than €200 an acre. And at that, it was a serious battle to get it. There wasn't a queue of lads looking either.

How much could someone expect for a 45 acre farm with two slatted sheds that can hold 50 suckler cows combined, large hayshed and crush with yard.

Land is all reseeded in last decade, fenced and watered and in one block sub divided

In a ten year lease, would 10 k all in be over ambitious?

wrangler

Mad_maxx wrote: »

How much could someone expect for a 45 acre farm with two slatted sheds that can hold 50 suckler cows combined, large hayshed and crush with yard.

Land is all reseeded in last decade, fenced and watered and in one block sub divided

In a ten year lease, would 10 k all in be over ambitious?

I don't know what part of teh country you're in but it should make more than 10k, especially with the shed

Fine Day

Mad_maxx wrote: »

How much could someone expect for a 45 acre farm with two slatted sheds that can hold 50 suckler cows combined, large hayshed and crush with yard.

Land is all reseeded in last decade, fenced and watered and in one block sub divided

In a ten year lease, would 10 k all in be over ambitious?

Is there is entitlements included.

wrangler

Theheff wrote: »

If there is entitlements included.

There's more demand for land without entitlements, I got €60/acre more for land without entitlements

Mad_maxx

Theheff wrote: »

Is there is entitlements included.

No

Mad_maxx

wrangler wrote: »

I don't know what part of teh country you're in but it should make more than 10k, especially with the shed

It's not mine, uncle of mine around tuam

Fine Day

Mad_maxx wrote: »

No

There is good tax breaks for both the tenant & owner In leasing special in 5 or 10 year leases.

Mad_maxx

Theheff wrote: »

There is good tax breaks for both the tenant & owner In leasing special in 5 or 10 year leases.

There is indeed

Galwaylad92

davidk1394 wrote: »

€350 is the norm around here. Some fellas are giving €500/acre

€500/acre in what part of the country?.

charolais0153

wrangler wrote: »

I don't know what part of teh country you're in but it should make more than 10k, especially with the shed

In the west of ireland? If he had 50 cows clearing 200/head profit,he'd make 10k how do you expect a renter to make anything. And i think youd be doing well to clear 200/head without subs

lalababa

roosterman71 wrote: »

Rented out a lot of ground this year. Not for tillage or dairy, but beef boys took it. Everyone who inquired offered way less than what has been quoted here. On average, it got rented at less than €200 an acre. And at that, it was a serious battle to get it. There wasn't a queue of lads looking either.

200/acre is good for beef, course depends on quality!! Ha ha. How many silage bales could you get off it in a year roughly? Could you manage a small 3rd cut? If you were to sell the bales for 6euro difference then to get the 200 that would be 200/6=33 bales. So you would have to make 33 bales to the acre in the year. Fusion bales here to make ,all in(fert. everything) ,put in the yard are 20 a bale. I used to sell decent enough ones at 6 euros a bale difference.
1st cut max 12b/acre?, 2nd cut max 6b/acre?, 3rd cut max4b/acre? That's max 22/b/acre or 132euros/acre from bales.
Beef is loosing money ATM and things don't look much better with brexit comming. Surprised they can pay 200/acre, Dairy of course is a different beast.

Mooooo

davidk1394 wrote: »

€350 is the norm around here. Some fellas are giving €500/acre

The average for the country is still under 200. Very few go up to 350, generally it's veg or tillage

wrangler

charolais0153 wrote: »

In the west of ireland? If he had 50 cows clearing 200/head profit,he'd make 10k how do you expect a renter to make anything. And i think youd be doing well to clear 200/head without subs

A lot of renters would have near €200 /acre is subs, That's whats driving it, or dairy farmers grossing €2500 in milk sales/acre.
Maxx's farm sounds a nice farm...not neglected or anything

Mad_maxx

charolais0153 wrote: »

In the west of ireland? If he had 50 cows clearing 200/head profit,he'd make 10k how do you expect a renter to make anything. And i think youd be doing well to clear 200/head without subs

Since when did that harsh reality inform farmers decision to rent land :pac:

Sacrolyte

I only always hear about the 3 and 4 hundred euro prices. I rent 5 or 6 different parcels of ground and none are over 200/ac. Not even close. Maps included

wrangler

Mad_maxx wrote: »

Since when did that harsh reality inform farmers decision to rent land :pac:

You need two interested as well, put it up on Done deal....your uncle does n't have to do anything until he sees what sort of money is available,
I put some of mine on donedeal just to test the market, then gave it to an auctioneer, he pulled in some of the locals,

Mad_maxx

wrangler wrote: »

You need two interested as well, put it up on Done deal....your uncle does n't have to do anything until he sees what sort of money is available,
I put some of mine on donedeal just to test the market, then gave it to an auctioneer, he pulled in some of the locals,

I'd imagine you would judge a tenant better yourself than an auctioneer

wrangler

Mad_maxx wrote: »

I'd imagine you would judge a tenant better yourself than an auctioneer

An auctioneer has his finger on the pulse, They know who's looking for land, using donedeal was a cheap way of sussing demand, in my case it was a ten year lease so it was worth getting a bit of help, Highest bidder on one bit came from Donedeal alright so I had to check him out

charolais0153

Mad_maxx wrote: »

Since when did that harsh reality inform farmers decision to rent land :pac:

The harsh reality inform farmers decision to rent land when you dont have a big cheque from Europe.
Idk what part of tuam you are in but i know of bits of land in corofin for less than a 100. The martyns might rent it sure!

Who2

Its pointless renting ground at big money for beef or suckler farming unless youve already got the housing and facilities to handle the extra stock and you can qualify for the yfs and national reserve. if you have another income source that you dont mind working at then youd be 100 times better off concentrating on that rather than burying yourself in debt and hardship for what effectively may not even be break even.

Mad_maxx

charolais0153 wrote: »

The harsh reality inform farmers decision to rent land when you dont have a big cheque from Europe.
Idk what part of tuam you are in but i know of bits of land in corofin for less than a 100. The martyns might rent it sure!

Not me, an uncle of mine, who are the martyns?

Never wrestle with pigs

Two bits went for rent here lately. Friend of mine let out 80ac of top quality land, half in tillage and half in grass, you could nearly graze this place all year round. No maps, 200ac

Another 60ac only a few fields away, in two blocks, similar land type, maby not as good, with maps drove to 330ac by 3 dairy lads.

Extra silage and maps are going to be what they want over the next few years I suppose. I'd be afraid of p&k mining myself.

Hard Knocks

Never wrestle with pigs wrote: »

Two bits went for rent here lately. Friend of mine let out 80ac of top quality land, half in tillage and half in grass, you could nearly graze this place all year round. No maps, 200ac .

This person gets €16000 and their SFP
It’s not right

Grueller

Hard Knocks wrote: »

This person gets €16000 and their SFP
It’s not right

80 acres of top quality is worth €1 million. €16k is a 1.6% yield. No other business would this be seen as acceptable.
I do understand that the farmer will likely make nothing off of it either.

charolais0153

Mad_maxx wrote: »

Not me, an uncle of mine, who are the martyns?

Martyns are big farmers in tuam. Big sfp

jaymla627

Grueller wrote: »

80 acres of top quality is worth €1 million. €16k is a 1.6% yield. No other business would this be seen as acceptable.
I do understand that the farmer will likely make nothing off of it either.

If the land was bought for a million and rented out the above only becomes relevant, land values are grossly inflated to be fair anyways....
Rent a 40 acre block here that the owner bought for 40 thousand pounds in the early 90’s that’s netting him 16k a year when sfp/rent is combined that’s some payback on the original investment

Never wrestle with pigs

Hard Knocks wrote: »

This person gets €16000 and their SFP
It’s not right

He's not putting a gun to their head to rent it!

furandfeather

I own not a scurig of land. Any bit I have is rented.
€100 /acre is max I ever did or ever would pay for land

wrangler

furandfeather wrote: »

I own not a scurig of land. Any bit I have is rented.
€100 /acre is max I ever did or ever would pay for land

Land won't become available if it's not attractive to lease it

Gawddawggonnit

Grueller wrote: »

80 acres of top quality is worth €1 million. €16k is a 1.6% yield. No other business would this be seen as acceptable.
I do understand that the farmer will likely make nothing off of it either.

A Ladybird maths book could work out the sums...the land price is waaaay over inflated.
Bought 65ha of top land recently for just under €2k/ha. Rent it back to myself at €140/ha..comes to a nice 7% yield.
Sfp of €260/ha on it to boot.

Grueller

Gawddawggonnit wrote: »

A Ladybird maths book could work out the sums...the land price is waaaay over inflated.
Bought 65ha of top land recently for just under €2k/ha. Rent it back to myself at €140/ha..comes to a nice 7% yield.
Sfp of €260/ha on it to boot.

Can't argue any of that or what Jaymla said above but as long as "site potential" remains a thing with agricultural land we are stuck with inflated prices.

lakill Farm

Renting out the ground here and 200e an acre with maps. I check the cattle daily for him and i could see him twice a month he might call for a look

Shed is 650e a bay but they are 17ft 6 not 15ft 6 (500e) bays and I put the slurry out. A different lad has it rented. He gets the meal delivered and drops bales and I fed. (This year he didn’t put cattle in till Dec so I charged 550 not 650 a bay , it has to work both ways it’s not all about greed )

Suits me as I still pottering. The lads don’t need to schedule calling to check cattle , I don’t have lads in and out all the time. Only thing I asked was payment plan. It’s front loaded as in paid before half way through lease period.

Note. Not on a 5 year lease I would prefer pay the tax than hand over 5 years control to someone else and end up spending thousands behind a bad tenant or even not get paid
I do however tell the current tenant in Aug the year before that he has first call on it

jus_tin4

Jesus if its going for €350/€500 rent per acre then whats it sold for?

charolais0153

jus_tin4 wrote: »

Jesus if its going for €350/€500 rent per acre then whats it sold for?

22 acres for 300,000 near me. Another peice 7 acres 100,000

Grueller

7 acres sold locally here for €18,600 per acre.

cycling is fun

Gawddawggonnit wrote: »

A Ladybird maths book could work out the sums...the land price is waaaay over inflated.
Bought 65ha of top land recently for just under €2k/ha. Rent it back to myself at €140/ha..comes to a nice 7% yield.
Sfp of €260/ha on it to boot.

How could you buy top land for 2k/ha? I would have thought that top land would be at least 2k per acre?

SimmentalT

Hi, it's
that time of year again.
Any guide on silage ground prices for 2020 with the maps?
South of the country, mainly dairy area.
Thanks

kevthegaff

Think its softening a little from what I hear