price of leased land

Too much with the rise in costs.

Land here hitting €300 an acre. No fencing, no handling facilities and water out of a small river

Naked land. Dairy farmer was the highest bidder on last news I heard on it

Is renting land viable in anything but dairy and maybe something unique like market gardening? Especially with those numbers above mentioned.

There’s a 40 acre block of hungry ground that never saw lime or fertiliser in a lifetime near here up for letting at the minute, the first bid was €300 an acre from a dairy man. It’s up at €400 at the moment and still going.

That is about tops for land for drystock. ANC has a limit around 30+35 HA. Usually you any Glas you draw is off your own land. If it's naked you need to buy/ lease payments. If now and you give these back you are at nothing.

Top prices are usually paid by dairy farmers for land adjacent to them which they can add to there milking platform.

However I think a lot of lads do not do the maths.

Well, to be fair, squeezing 150 out of a Cavan man is like squeezing 500 out of anyone else 😋

The words “asses roar” applies.

You never said a truer word 'it's really hard to hold onto money' lately.

Plenty of naked land making 300/ac. Maybe it depends on the area of the country. The idea though that we could get 60 acres of land near here for rent for 18k and be allowed to claim and keep 13.7k of payments on it isn't realistic by any stretch of the imagination.

You don't need the auctioneer and they don't do anything other than advertise it anyway so you can eliminate it.

For stamp duty, it is a once-off fee based on one years rent. It is waived if you go for a 6+ year lease.

Are drystock lads with land that qualifies for ANC really making 200 Euro/ac profit?

If you have the 60 acres and keep back the minimum to qualify for active status, sure you could rent the rest and play around on the other bit as a hobby and do your write downs based on that.

For insurance, you can make it a condition that the lessee has insurance. If they are an active farmer, it will just be under their policy for public liability. Different if you have buildings.

Bass if you ever decide to lease out your land will you give me a shout on it!

Land is easily making €300 an acre around here PLUS the BPS on top of that and we’re not in the golden vale by any means. I’d say there’s not an acre of even middling land leased in the country in the last 3 years for anything less than €250 plus BPS.

Thats last comment is misleading. 200 a acre is the tops around here with the majority around 100-150 a acre and that would be for good land. Rough land can be got for less than 100. Land around here would be very good for the most part but dairy farms are scarce so maybe that's a factor.

You have to farm the land even at the moment to draw down the SFP, I think we'll be allowed rent them out still.

I know there's some concessions being proposed for selling in 2023/24.

But I want to keep them if I can,

Varies around me from €200 to €300. All naked, all to beef men

True as well.

When I saw it first I thought it was per hectare. I'd have shook hands at that, lol .

You could understand maybe this year, lads with big herds securing extra just in case but it was crazy last year as well.

The shi77ier the year for farming the dearer cattle and land get.

Most lads just do not know how to cost the business side of farming. Remember from next year on payments will start to decrease and by 2028 60 k will be the maximum direct payment.

But even looking at a young farmer option to start now on naked land. The maximum payment he will probably get on the direct payment will be around 350/ HA ( entitlement+eco+ Criss + young farmer top up) about 140/ HA. He will need a six year lease to gaurantee 5 years of reap. Assuming he maxes 5k/ year over 5 years he will lose year one to costs of setting up scheme and because there will be ongoing certification it will cost 400/ year at a guess. Our of 25k he have 17.5 net. That is less than 60/ acre on a 50 acre farm over six years. ANC to bring in another 50/ acre leaves his payments covering 250 of the rental cost.

Will a drystock enterprise make 250/acre net margin.???