Land rental prices 2021

Grueller

I am prompted to start this after a local land auction of 52 acres. The holding is split by a road, with 22 acres over the road of top quality ground and 30 under it with 12 very good and 18 being poor to very poor.
The 22 best acres was leased at €450/ac. by a local beef farmer.
The 30 of varying quality was leased between a local dairy farmer and two local beef farmers, split 10 acres each at €330/ac.

This is in the North Wexford area. What stories of madness are out there from the rest of the country?

Dunedin

€450 is not bad money. Could you get me their phone number.........

Albert Johnson

At work I'd be in the minority in that I haven't land taken "up the country" and therefore I'd be oblivious to what conacre was making most year's. This year the market seems to have reached a new peak at least from listening to those more in the know than myself. A local man who operates buying quality heifers to sell as suckler springers is supposed to be the current highest bidder on 30 acres around Roscommon town at €10,000.

There was 19 acres of fair quality ground set not that far from me at €7000 recently to a suckler man. My thinking was it would do very well to feed 10 cows and calves for the summer. If you were able to sell 10 average weanlings off it they'd hardly gross much more than €700 apiece and pay for the land, all other costs and supposedly have something for yourself. It's madness imo and you'd be long better off stacking shelves in any supermarket.

I heard of 65 acres of a mountain that was set for €3000 to an adjoining sheep farmer for the last long number of years. The auctioneer approached him in recent weeks asking would he be able to give more and the farmer replied that he couldn't make anything off it and was thinking of giving it up. It subsequently went to public auction last week and finished at €9000. It's not that many year's ago since €450 an acre would make a good start in repaying for purchased land never mind rented ground.

Dinzee Conlee

Grueller wrote: »

I am prompted to start this after a local land auction of 52 acres. The holding is split by a road, with 22 acres over the road of top quality ground and 30 under it with 12 very good and 18 being poor to very poor.
The 22 best acres was leased at €450/ac. by a local beef farmer.
The 30 of varying quality was leased between a local dairy farmer and two local beef farmers, split 10 acres each at €330/ac.

This is in the North Wexford area. What stories of madness are out there from the rest of the country?

How reliable are those figures Grueller?

You know yourself everyone loves to tell a good story, and sometimes things get inflated in the telling of a story...

Bass Reeves

I expect that a lot of these lads are gambling on ending up with the BPS on these farms........and have mixed up BPS is paid / HA they are renting by the acre.

They are going to be busy fools

Bass Reeves

This reminds me at the height of the last boom about 2007 a lad into horses took a bit of a farm next to me. He took it on a five year lease about 25 acres at 300/ acre. He went in and fenced it for horses two strands of one of wire and one of white rope. The briars were out 5'-8' from the ditches. He never cut them back before fencing. He was gone out of it at the end of the 5 years. The briars were growing through and over the fences. The horse game collapsed in 2009/10

K.G.

I have rarely seen these high price leases to end well

Bass Reeves

K.G. wrote: »

I have rarely seen these high price leases to end well

Not beef ones anyway

Grueller

Dinzee Conlee wrote: »

How reliable are those figures Grueller?

You know yourself everyone loves to tell a good story, and sometimes things get inflated in the telling of a story...

I know both parties in the deal well and also the runner up. Figures are reliable.

Grueller

Jjameson wrote: »

Ferns?

No. Kilanerin

grassroot1

Grueller wrote: »

I am prompted to start this after a local land auction of 52 acres. The holding is split by a road, with 22 acres over the road of top quality ground and 30 under it with 12 very good and 18 being poor to very poor.
The 22 best acres was leased at €450/ac. by a local beef farmer.
The 30 of varying quality was leased between a local dairy farmer and two local beef farmers, split 10 acres each at €330/ac.

This is in the North Wexford area. What stories of madness are out there from the rest of the country?

You cant be far away from me so crazy

grassroot1

Grueller wrote: »

No. Kilanerin

Further north that me so....... a large farm nearby was 430 last Friday 480 yesterday but whether it will actually be paid for the duration of the lease is hard to know...

Grueller

grassroot1 wrote: »

Further north that me so....... a large farm nearby was 430 last Friday 480 yesterday but whether it will actually be paid for the duration of the lease is hard to know...

What parish is that farm grassroot?

grassroot1

Grueller wrote: »

What parish is that farm grassroot?

Oulart

Cavanjack

Have good silage ground rented beside me for 150. It’s heavy land but I’m getting 3 cuts off it and a couple of grazings.

JeffKenna

Are there entitlements with these rented as well that people are hoping they'll keep or is something else going on? I dunno, €450 an acre is just crazy money regardless of beef/dairy/tillage.

GrasstoMilk

Bass Reeves wrote: »

This reminds me at the height of the last boom about 2007 a lad into horses took a bit of a farm next to me. He took it on a five year lease about 25 acres at 300/ acre. He went in and fenced it for horses two strands of one of wire and one of white rope. The briars were out 5'-8' from the ditches. He never cut them back before fencing. He was gone out of it at the end of the 5 years. The briars were growing through and over the fences. The horse game collapsed in 2009/10

Horse men running ground up into massive money here
450 an ac plus entitlements
No land around making less than 300, and its not dairy farmers
Sizable block 3.5 miles away gone for 525 an ac for 3 years
Spuds one year and grain of some form then after

DBK1

Cavanjack wrote: »

Have good silage ground rented beside me for 150. It’s heavy land but I’m getting 3 cuts off it and a couple of grazings.

Same as yourself, I’ve a block of heavy land rented, no issue getting 3 cuts and a few grazings, I actually let a group of 12 month olds out on it Saturday last. €190 an acre plus SFP and it’s enough, if not too much, to be giving. I dunno how anyone in any type of farm enterprise can justify some of the costs quoted here.

148multi

DBK1 wrote: »

Same as yourself, I’ve a block of heavy land rented, no issue getting 3 cuts and a few grazings, I actually let a group of 12 month olds out on it Saturday last. €190 an acre plus SFP and it’s enough, if not too much, to be giving. I dunno how anyone in any type of farm enterprise can justify some of the costs quoted here.

Sheep man given 300 around here

Cavanjack

GrasstoMilk wrote: »

Horse men running ground up into massive money here
450 an ac plus entitlements
No land around making less than 300, and its not dairy farmers
Sizable block 3.5 miles away gone for 525 an ac for 3 years
Spuds one year and grain of some form then after

You’d be as well buying it at that price.

Bass Reeves

Cavanjack wrote: »

You’d be as well buying it at that price.

Shhh don't tell them that

390kid

3300 for 16 acres in four mile house Roscommon for a very open, average bit of ground and the leaser had to qualify for tax exemption also heard of 350 an acre for 40 acres in rathowen.

whelan2

Grueller wrote: »

I am prompted to start this after a local land auction of 52 acres. The holding is split by a road, with 22 acres over the road of top quality ground and 30 under it with 12 very good and 18 being poor to very poor.
The 22 best acres was leased at €450/ac. by a local beef farmer.
The 30 of varying quality was leased between a local dairy farmer and two local beef farmers, split 10 acres each at €330/ac.

This is in the North Wexford area. What stories of madness are out there from the rest of the country?

Ye a lad down your way told me of that last week. Some pain for 7 years

whelan2

Cavanjack wrote: »

You’d be as well buying it at that price.

Years ago there was kind of an auction for letting land. An elderly farmer was letting his land. Spud men were on crazy money for it. The farmer stood up and said I'm only renting it not selling....

Grueller

grassroot1 wrote: »

Further north that me so....... a large farm nearby was 430 last Friday 480 yesterday but whether it will actually be paid for the duration of the lease is hard to know...

Heard today that the hammer fell on this one at €500/ac. Mad money altogether.

kk.man

Grueller wrote: »

Heard today that the hammer fell on this one at €500/ac. Mad money altogether.

FFS

Bass Reeves

Grueller wrote: »

Heard today that the hammer fell on this one at €500/ac. Mad money altogether.

at that money you would be better off buying

DBK1

Grueller wrote: »

Heard today that the hammer fell on this one at €500/ac. Mad money altogether.

How long is the lease for?

Stupid money to be giving but as the saying goes “fools and their money are easily parted”.

Grueller

Bass Reeves wrote: »

at that money you would be better off buying

Land in that area of that quality sells for €17-€22k per acre at the moment. Be better off in a job and forgetting about farming at those prices.

Say my name

Grueller wrote: »

Heard today that the hammer fell on this one at €500/ac. Mad money altogether.

That's potato money. Or farmer with solar panels investing again.

GrasstoMilk

Say my name wrote: »

That's potato money. Or farmer with solar panels investing again.

Our local young spud man paid 525 for 70 ac over the Road, has it for 3 years
Will these rental prices slow down land coming up.for sale I wonder

Waffletraktor

GrasstoMilk wrote: »

Our local young spud man paid 525 for 70 ac over the Road, has it for 3 years
Will these rental prices slow down land coming up.for sale I wonder

Clohamon area?

GrasstoMilk

Waffletraktor wrote: »

Clohamon area?

He took land there too, land taken everywhere

Say my name

GrasstoMilk wrote: »

Our local young spud man paid 525 for 70 ac over the Road, has it for 3 years
Will these rental prices slow down land coming up.for sale I wonder

If that's the same lad I'm thinking of. I'm 80% sure there's panels going on their land.
The panel money will keep those bidding above everyone else.

The same lad has land taken near me with silage bales on grass fields where they dropped from the baler in Sept.

Did you hear how that farm near kilmore quay went after?

GrasstoMilk

Say my name wrote: »

If that's the same lad I'm thinking of. I'm 80% sure there's panels going on their land.
The panel money will keep those bidding above everyone else.

The same lad has land taken near me with silage bales on grass fields where they dropped from the baler in Sept.

Did you hear how that farm near kilmore quay went after?

I think I was told who took it but can't for the life of me remember who

K.G.

Whats fertilised ground for 1 cut making

Donald Trump

GrasstoMilk wrote: »

Our local young spud man paid 525 for 70 ac over the Road, has it for 3 years
Will these rental prices slow down land coming up.for sale I wonder

Land for spuds was always big money - especially fresh ground. But it is somewhat of a once-off and the destoners are not ideal. If they agreed not to destone then it would be grand.





What I don't understand is that tillage men are renting less than lads are giving for grazing. If it was my ground - I'd be looking for a fella to take it on a five year tax free lease for grazing/silage. He could have it for the same price as the tillage man as long as he lays it down himself.

GrasstoMilk

Donald Trump wrote: »

Land for spuds was always big money - especially fresh ground. But it is somewhat of a once-off and the destoners are not ideal. If they agreed not to destone then it would be grand.





What I don't understand is that tillage men are renting less than lads are giving for grazing. If it was my ground - I'd be looking for a fella to take it on a five year tax free lease for grazing/silage. He could have it for the same price as the tillage man as long as he lays it down himself.

The sane guy had spuds in it 2 years ago, spuds going into it again this year

It tillage and beef mrn paying the money for land around here, they've no issue paying 350 an ac

Donald Trump

GrasstoMilk wrote: »

The sane guy had spuds in it 2 years ago, spuds going into it again this year

It tillage and beef mrn paying the money for land around here, they've no issue paying 350 an ac

Madness. Lads must be gambling on getting lucky with reference years and becoming the next generation of armchair farmers.

K.G.

Something i m thinking about the last few days,why are we not in recession. Officially the economy is shrinking by 6 % and half the country is shut down but every house around here is selling like hot buns.whats going on

Donald Trump

K.G. wrote: »

Something i m thinking about the last few days,why are we not in recession. Officially the economy is shrinking by 6 % and half the country is shut down but every house around here is selling like hot buns.whats going on

People sitting on cash are afraid of negative rates. Then the more money that flows into purchases, the higher the prices and so you likely get inflation...........the same dynamics also tend to inflate bubbles though........which can (and usually do) burst spectacularly

yabadabado

Bass Reeves wrote: »

I expect that a lot of these lads are gambling on ending up with the BPS on these farms........and have mixed up BPS is paid / HA they are renting by the acre.

They are going to be busy fools

I know next to nothing about farming but do complete a few BPS for uncles the last few years .
I'm guessing here but BPS is still paid to the landowner even if it's rented out?

Also these high figures 400/500 per acre that s yearly ? But on a long lease ?

KTBFFH

Galway region. Less than 40 acres starting soon on a 5 year lease at 280/acre. No entitlements

Donald Trump

I wonder will the backdoor milk quotas put the brakes on some of this madness

390kid

KTBFFH wrote: »

Galway region. Less than 40 acres starting soon on a 5 year lease at 280/acre. No entitlements

Is that opening at 280 or finished up at 280?

KTBFFH

390kid wrote: »

Is that opening at 280 or finished up at 280?

Opened at 255, which was the final value with entitlements on last lease 6 years ago.

Finishing up next week at 280 unless something drastic changes. Entitlements will now be leased seperately.

390kid

KTBFFH wrote: »

Opened at 255, which was the final value with entitlements on last lease 6 years ago.

Finishing up next week at 280 unless something drastic changes. Entitlements will now be leased seperately.

Jaysus that’s a tarra it’s some money. 67000 after 6 years hard to see where you’d ever make it back

KTBFFH

390kid wrote: »

Jaysus that’s a tarra it’s some money. 67000 after 6 years hard to see where you’d ever make it back

This one is a 5 year lease, and there are multiple owners to split with, along with fencing and water trough work to be undertaken first. But yes, definitely not money to be sniffed at tax free.
There were 5 bidding at one stage, locals ended up pulling out, and the other auctioneer who is leasing only the entitlements was sickened as he has a lot of people needing land too.
Seemed there was more value in it to people without entitlements, final offers for with/without were alomst the same.

kevthegaff

Donald Trump wrote: »

I wonder will the backdoor milk quotas put the brakes on some of this madness

What's backdoor milk quotas?

Reggie.

kevthegaff wrote: »

What's backdoor milk quotas?

The possible cap on cow numbers

Pinsnbushings

kevthegaff wrote: »

What's backdoor milk quotas?

Glanbia penalty of 30 percent milk price on milk supplied over a reference amount based on your supply in 18,19,20. During the peak months of apr,may,June..basically making it unprofitable to supply any more milk than your new "quota" during those months.