Farmland prices appear to have stabilised, with marginal increase

THE price of farmland seems to have stabilised, and, if anything, is showing a very marginal increase in some parts of the country, according to a report published yesterday by independent global property consultants Knight Frank Ireland, formerly Ganly Walters.

A national survey on agricultural land price performance for the first six months of 2010, carried out by the company, shows that the price for agricultural land across the entire country is averaging €10,131 per acre.

In this latest survey of agricultural land sales, the first mid-year survey to be undertaken by the estate agency, it was found prices have increased nationally by about €450 per acre on average this year.