Average farmland prices fall 57% over past four years, report shows

FARMLAND prices have been decimated by four years of nationwide decline, a report out this week shows.

The Irish Farmers’ Journal Agricultural Land Price Report 2010 shows considerable regional variation, but average prices have fallen 57% nationally over the past four years.

In Dublin, the average of €13,233 per acre makes far more realistic reading than the Celtic Tiger highs of €35,000 in some prime land sales.