Connect with us

News

Cost of agricultural land set to increase by 8% this year

Published

2 years ago

on

0256509_Ted_Healy_1000x600.jpg
.

By Ted Healy of DNG TED HEALY

The results of a survey on agricultural land values conducted by the Society of Chartered Surveyors Ireland (SCSI) was published earlier this week.

It predicts an increase in land values by an average of 8% this year and an increase of 14% on average in rental values.

The report titled, 'SCSI/Teagasc Agricultural Land Market Review & Outlook Report 2023', analyses the agri sector performance over the past year and projects how it will perform over the next 12 months.

In all 134 agri professionals and valuers were surveyed, who expect the outlook for dairy farmers to ease and a challenging future for sheep and tillage farming.

Rental Land values in Munster increased by an average of 13% in the last year with a 9% increase experienced in Leinster.

The report indicates that the average non-residential farmland prices in 2022 ranged from €5,564 per acre for poor quality land – up five percent from €5,308 in 2021 – to €11,172 per acre for good quality land – up two percent from €10,962 the previous year. Strong demand from dairy farmers for good quality land is driving the market.

The majority of those surveyed believe there is likely to be an increase in demand from dairy farmers to purchase farmland in 2023.

One point to note however, is that changes to the European Nitrates Directive, particularly measures aimed at protecting water quality, may have an impact on land prices, especially rental prices.

In order to maintain current levels of milk production – and to comply with the directive – many dairy farms will need to either increase their land area or reduce milk production.

The Residential Zoned Land Tax (RZLT) is also coming down the line at an alarming rate, farmers have until May 1 to make a written appeal. Under the new legislation farmers owning currently zoned land face an annual tax bill of 3% of the market value of their zoned land.

This will result in countless numbers of landowners facing crippling tax bills from next year on. It is expected that this new tax may bring forward extra land sales later this year before the tax takes hold.

The IFA (Irish Farmers Association) have this week sought a senior counsel review of the legislation governing the Residential Zoned Land Tax.

Related Topics:
Advertisement

News

New Toyota Proace Max to make public debut at Gleneagle Toyota Roadshow

The all-new Toyota Proace Max Large Van will make its public debut at a special event at the Gleneagle Hotel, Killarney, this Sunday, October 19. The launch is part of […]

Published

4 hours ago

on

14 October 2025

By

The all-new Toyota Proace Max Large Van will make its public debut at a special event at the Gleneagle Hotel, Killarney, this Sunday, October 19.

The launch is part of Kelliher’s Toyota’s annual roadshow, which runs from 11am to 4pm. The event will showcase Toyota’s latest models, including the new generation Toyota Land Cruiser, the Corolla Cross SUV, the full Corolla range, the Toyota C-HR, and the Yaris and Yaris Cross line-up.
Dealer Principal Tim Kelliher said the event is a great opportunity for customers to see Toyota’s latest hybrid, plug-in hybrid, and full electric options in one location.
“We’re proud to introduce the new Proace Max to Kerry drivers, it’s a strong addition to our commercial range,” he said. “We’ll have something for everyone on the day, from our best-selling hybrids to new models available for immediate delivery.”
The roadshow will also include a range of quality demo models for sale. The team from Kelliher’s Toyota will be on-site throughout the day to meet customers and discuss the latest 261 offers.

Continue Reading

News

National Park hosting educational weekend of talks and walks

Published

21 hours ago

on

13 October 2025

By

‘Samhain’ Autumn Gathering will take place from October 17 until October 19 in Killarney this year.

It is a series of free events being organised by the Conservation Rangers and NPWS.

Rutting season is now underway, and this is a popular time for photographers who travel from all around Ireland to capture the renowned Native Irish Deer that reside in Killarney National Park.


On Friday, there will be a talk on ‘The Chough’, an insight into the life of a rare bird, by Clare Heardmanm, NPWS Ecologist in the Conservation Measures Unit. It will take place at Killarney House auditorium at 7.30pm, and bookings are made through Eventbrite.


The very popular ‘Morning Deer Walks’ with Conservation Ranger Padruig O’Sullivan are planned for Saturday October 17 and Sunday October 18.

The meeting point for these is Deenagh Cottage just inside the front gate of the Demesne.

It starts at 7.00am. Padruig’s informative walks are always very engaging, no bookings are required.


The distinctive bellowing and fierce rutting behaviour has fascinated Killarney for a long time.

The rich colours of Autumn, the morning light and shadows of evening light make the park so spectacular at this time of year.


On Saturday evening, a talk ‘Toads in Trouble’ will focus on protecting Ireland’s endangered Natterjack Toads by Brid Calhoun, NPWS Conservation Ranger.


‘Nocturnal Ramble’ will take place on Sunday evening at 6pm and this event will include walking through woodlands in the dark. Booking will be online closer to the event.

Attachments

Continue Reading