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

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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.

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Ballymac Vintage Club raises over €7k for local charities

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Ballymac Vintage Club raises over €7k for local charities


The Ballymac Vintage Club raised over €7,000 for two worthy causes following the 16th running of its annual Classic Car and Honda 50 Run over the bank holiday weekend.


Despite a wet start to Sunday morning, more than 100 registered vehicles turned out at Ó Riada’s Bar and Restaurant. Entrants brought a diverse selection of classic cars, vans, and campers, including several vehicles making their first appearance at a Kerry vintage event.
The day began with a Cars and Coffee gathering, allowing participants and spectators to catch up, inspect the vehicles, and enjoy light refreshments.
Proceeds from the event and Saturday’s street collection in Castleisland will support two local causes: St John of God Oileán Beo Castleisland, which provides services for adults with intellectual disabilities, and the Kerry Diocesan Pilgrimage to Lourdes, which supports sick and infirm pilgrims alongside volunteers and medical staff.
A range of spot prizes were awarded throughout the morning, with organisers extending sincere thanks to local donors and main sponsors BG Motors Killarney, Brownes Agri Steel Castleisland, and Ó Riada’s Bar and Restaurant.
The run departed Ballymacelligott shortly after 11am, travelling back roads through Castleisland before making a short stop in Brosna. Drivers then completed the final leg to Knocknagoshel, where refreshments were served by the Knocknagoshel Meals on Wheels team.

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Dromhall team takes top spot at Crokes Golf Classic

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The annual Dr Crokes GAA Club Golf Classic proved to be another major success last weekend, drawing 64 teams to Killarney’s Mahony’s Point course over two days of competition.


The Dromhall Hotel team of John Brosnan, Mike Dwyer, Shane Kelly, and Ger O’Meara took first place. Second place went to the O’Carroll Engineering team of Anthony O’Mahony, John O’Driscoll, Derek McAllister, and Michael O’Sullivan.
Third place went to the Quills team (Vincent Casey, Colm O’Brien, Evy O’Brien, and Donie Buckley), while Diarmuid O’Carroll Electrical (Mark O’Carroll, Brian McCarthy, Ben Kelliher, and Luke O’Shea) finished fourth.
Rounding out the top positions were Fexco in fifth (Andrew McCarthy, Ivo O’Sullivan, Ross Brosnan, and Niall O’Shea), Money Maximising Advisors in sixth (John Lenihan, Michael Lenihan, Des McCarthy, and Peter Bellew), and The Gleneagle Hotel in seventh (Patrick O’Donoghue, Mike McAuliffe, Margaret Gill, and T Buckley).
Raffle prize winners on the night were David Cotter (1st), Eugene Browne (2nd), Donal Brosnan (3rd), and Colm Murphy (4th).
The prize presentation took place at Charlie Foley’s Bar on Friday night, with sponsor Colm Foley handing over the honours. Dr Crokes expressed thanks to all who entered teams, sponsored tee boxes, and donated prizes, as well as Colin Finlay and the team at Killarney Golf Club for the superb condition of the course.

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